(XLE)
Max Pain By Strike
XLE trades at $88.59, pinned near the near-term max pain of $87 expiring Sep 19, 2025 (6 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 88 where 7 expirations converge.
Max Pain By Expiry
Max pain for XLE shows stable levels around 87.98, reflecting balanced market expectations. The 13% spread signals divergent expectations across timeframes. Levels distributed around 88.59. Strong magnetic level at 88 (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 |
|---|---|---|
| Sep 19, 2025 | 87 | -1.59 (-1.79%) |
| Sep 26, 2025 | 88.5 | -0.09 (-0.10%) |
| Sep 30, 2025 | 86 | -2.59 (-2.92%) |
| Oct 3, 2025 | 88.5 | -0.09 (-0.10%) |
| Oct 10, 2025 | 88 | -0.59 (-0.67%) |
| Oct 17, 2025 | 88 | -0.59 (-0.67%) |
| Oct 24, 2025 | 88 | -0.59 (-0.67%) |
| Oct 31, 2025 | 86.5 | -2.09 (-2.36%) |
| Nov 21, 2025 | 88 | -0.59 (-0.67%) |
| Dec 19, 2025 | 88 | -0.59 (-0.67%) |
| Dec 31, 2025 | 86 | -2.59 (-2.92%) |
| Jan 16, 2026 | 90 | 1.41 (1.59%) |
| Feb 20, 2026 | 88 | -0.59 (-0.67%) |
| Mar 20, 2026 | 86 | -2.59 (-2.92%) |
| Mar 31, 2026 | 90 | 1.41 (1.59%) |
| Apr 17, 2026 | 90 | 1.41 (1.59%) |
| Jun 18, 2026 | 90 | 1.41 (1.59%) |
| Jun 30, 2026 | 89 | 0.41 (0.46%) |
| Sep 18, 2026 | 88 | -0.59 (-0.67%) |
| Dec 18, 2026 | 91 | 2.41 (2.72%) |
| Jan 15, 2027 | 89 | 0.41 (0.46%) |
| Jun 17, 2027 | 80 | -8.59 (-9.70%) |
| Dec 17, 2027 | 90 | 1.41 (1.59%) |