(XLE)
Max Pain By Strike
XLE trades at $88.94, pinned near the near-term max pain of $89 expiring Oct 10, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($80-$91), indicating stable market expectations. Key magnetic zone at 90 where 9 expirations converge.
Max Pain By Expiry
Max pain for XLE shows stable levels around 88.76, reflecting balanced market expectations. The 12% spread signals divergent expectations across timeframes. Most levels above 88.94 could support dips. Strong magnetic level at 90 (9 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Oct 10, 2025 | 89 | n/a (n/a) |
| Oct 17, 2025 | 89.5 | n/a (n/a) |
| Oct 24, 2025 | 89 | n/a (n/a) |
| Oct 31, 2025 | 89 | n/a (n/a) |
| Nov 7, 2025 | 89 | n/a (n/a) |
| Nov 14, 2025 | 88 | n/a (n/a) |
| Nov 21, 2025 | 91 | n/a (n/a) |
| Dec 19, 2025 | 89 | n/a (n/a) |
| Dec 31, 2025 | 86 | n/a (n/a) |
| Jan 16, 2026 | 90 | n/a (n/a) |
| Feb 20, 2026 | 88 | n/a (n/a) |
| Mar 20, 2026 | 86 | n/a (n/a) |
| Mar 31, 2026 | 90 | n/a (n/a) |
| Apr 17, 2026 | 90 | n/a (n/a) |
| Jun 18, 2026 | 90 | n/a (n/a) |
| Jun 30, 2026 | 90 | n/a (n/a) |
| Sep 18, 2026 | 90 | n/a (n/a) |
| Sep 30, 2026 | 88 | n/a (n/a) |
| Dec 18, 2026 | 91 | n/a (n/a) |
| Jan 15, 2027 | 89 | n/a (n/a) |
| Jun 17, 2027 | 80 | n/a (n/a) |
| Dec 17, 2027 | 90 | n/a (n/a) |
| Jan 21, 2028 | 90 | n/a (n/a) |