(XLF)
Max Pain By Strike
XLF trades at $53.33, pinned near the near-term max pain of $53.5 expiring Sep 12, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($45-$55), indicating stable market expectations. Key magnetic zone at 52 where 5 expirations converge.
Max Pain By Expiry
Max pain for XLF shows stable levels around 51.42, reflecting balanced market expectations. The 19% spread signals divergent expectations across timeframes. Most levels below 53.33 may cap rallies. Strong magnetic level at 52 (5 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 12, 2025 | 53.5 | 0.17 (0.32%) |
| Sep 19, 2025 | 51 | -2.33 (-4.37%) |
| Sep 26, 2025 | 53.5 | 0.17 (0.32%) |
| Sep 30, 2025 | 52 | -1.33 (-2.49%) |
| Oct 3, 2025 | 53.5 | 0.17 (0.32%) |
| Oct 10, 2025 | 53 | -0.33 (-0.62%) |
| Oct 17, 2025 | 52 | -1.33 (-2.49%) |
| Oct 24, 2025 | 52 | -1.33 (-2.49%) |
| Nov 21, 2025 | 52 | -1.33 (-2.49%) |
| Dec 19, 2025 | 51 | -2.33 (-4.37%) |
| Dec 31, 2025 | 47 | -6.33 (-11.87%) |
| Jan 16, 2026 | 51 | -2.33 (-4.37%) |
| Mar 20, 2026 | 53 | -0.33 (-0.62%) |
| Mar 31, 2026 | 50 | -3.33 (-6.24%) |
| Jun 18, 2026 | 52 | -1.33 (-2.49%) |
| Jun 30, 2026 | 55 | 1.67 (3.13%) |
| Sep 18, 2026 | 55 | 1.67 (3.13%) |
| Dec 18, 2026 | 45 | -8.33 (-15.62%) |
| Jan 15, 2027 | 50 | -3.33 (-6.24%) |
| Dec 17, 2027 | 47 | -6.33 (-11.87%) |