(XLI)
Max Pain By Strike
XLI trades at $150.4, pinned near the near-term max pain of $151 expiring Aug 15, 2025 (-1 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($130-$152.5), indicating stable market expectations. Key magnetic zone at 150 where 4 expirations converge.
Max Pain By Expiry
Max pain for XLI shows stable levels around 146.93, reflecting balanced market expectations. The 15% spread signals divergent expectations across timeframes. Levels distributed around 150.4. Strong magnetic level at 150 (4 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 | 151 | 0.60 (0.40%) |
| Aug 22, 2025 | 152 | 1.60 (1.06%) |
| Aug 29, 2025 | 151 | 0.60 (0.40%) |
| Sep 5, 2025 | 149.5 | -0.90 (-0.60%) |
| Sep 12, 2025 | 150 | -0.40 (-0.27%) |
| Sep 19, 2025 | 149 | -1.40 (-0.93%) |
| Sep 26, 2025 | 152.5 | 2.10 (1.40%) |
| Oct 17, 2025 | 152 | 1.60 (1.06%) |
| Dec 19, 2025 | 140 | -10.40 (-6.91%) |
| Jan 16, 2026 | 140 | -10.40 (-6.91%) |
| Mar 20, 2026 | 150 | -0.40 (-0.27%) |
| Jun 18, 2026 | 150 | -0.40 (-0.27%) |
| Dec 18, 2026 | 130 | -20.40 (-13.56%) |
| Jan 15, 2027 | 140 | -10.40 (-6.91%) |