(XLK)
Max Pain By Strike
XLK trades at $262.9, pinned near the near-term max pain of $262.5 expiring Sep 5, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($205-$290), indicating stable market expectations. Key magnetic zone at 263 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for XLK shows stable levels around 246.76, reflecting balanced market expectations. The 34% spread signals divergent expectations across timeframes. Most levels below 262.9 may cap rallies. Strong magnetic level at 263 (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 |
|---|---|---|
| Sep 5, 2025 | 262.5 | -0.40 (-0.15%) |
| Sep 12, 2025 | 262.5 | -0.40 (-0.15%) |
| Sep 19, 2025 | 245 | -17.90 (-6.81%) |
| Sep 26, 2025 | 260 | -2.90 (-1.10%) |
| Oct 3, 2025 | 262.5 | -0.40 (-0.15%) |
| Oct 10, 2025 | 262.5 | -0.40 (-0.15%) |
| Oct 17, 2025 | 255 | -7.90 (-3.00%) |
| Oct 24, 2025 | 225 | -37.90 (-14.42%) |
| Dec 19, 2025 | 250 | -12.90 (-4.91%) |
| Jan 16, 2026 | 230 | -32.90 (-12.51%) |
| Mar 20, 2026 | 240 | -22.90 (-8.71%) |
| Jun 18, 2026 | 220 | -42.90 (-16.32%) |
| Sep 18, 2026 | 270 | 7.10 (2.70%) |
| Dec 18, 2026 | 235 | -27.90 (-10.61%) |
| Jan 15, 2027 | 220 | -42.90 (-16.32%) |
| Jun 17, 2027 | 205 | -57.90 (-22.02%) |
| Dec 17, 2027 | 290 | 27.10 (10.31%) |