(XLE)
Max Pain By Strike
XLE trades at $85.92, pinned near the near-term max pain of $85 expiring Aug 15, 2025 (0 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 86 where 7 expirations converge.
Max Pain By Expiry
Max pain for XLE shows stable levels around 86.20, reflecting balanced market expectations. The 13% spread signals divergent expectations across timeframes. Levels distributed around 85.92. Strong magnetic level at 86 (7 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 |
|---|---|---|
| Aug 15, 2025 | 85 | -0.92 (-1.07%) |
| Aug 22, 2025 | 85 | -0.92 (-1.07%) |
| Aug 29, 2025 | 85.5 | -0.42 (-0.49%) |
| Sep 5, 2025 | 83.5 | -2.42 (-2.82%) |
| Sep 12, 2025 | 85.5 | -0.42 (-0.49%) |
| Sep 19, 2025 | 87 | 1.08 (1.26%) |
| Sep 26, 2025 | 84 | -1.92 (-2.23%) |
| Sep 30, 2025 | 86 | 0.08 (0.09%) |
| Oct 17, 2025 | 86 | 0.08 (0.09%) |
| Nov 21, 2025 | 87 | 1.08 (1.26%) |
| Dec 19, 2025 | 87 | 1.08 (1.26%) |
| Dec 31, 2025 | 86 | 0.08 (0.09%) |
| Jan 16, 2026 | 90 | 4.08 (4.75%) |
| Feb 20, 2026 | 86 | 0.08 (0.09%) |
| Mar 20, 2026 | 86 | 0.08 (0.09%) |
| Mar 31, 2026 | 80 | -5.92 (-6.89%) |
| Jun 18, 2026 | 90 | 4.08 (4.75%) |
| Jun 30, 2026 | 83 | -2.92 (-3.40%) |
| Sep 18, 2026 | 89 | 3.08 (3.58%) |
| Dec 18, 2026 | 91 | 5.08 (5.91%) |
| Jan 15, 2027 | 90 | 4.08 (4.75%) |
| Jun 17, 2027 | 80 | -5.92 (-6.89%) |
| Dec 17, 2027 | 90 | 4.08 (4.75%) |