(XLP)
Max Pain By Strike
XLP trades at $80.86, pinned near the near-term max pain of $80.5 expiring Sep 12, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($50-$95), indicating stable market expectations. Key magnetic zone at 81 where 7 expirations converge.
Max Pain By Expiry
Max pain for XLP shows stable levels around 79.83, reflecting balanced market expectations. The 56% spread signals divergent expectations across timeframes. Levels distributed around 80.86. Strong magnetic level at 81 (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 12, 2025 | 80.5 | -0.36 (-0.45%) |
| Sep 19, 2025 | 82 | 1.14 (1.40%) |
| Sep 26, 2025 | 80 | -0.86 (-1.07%) |
| Oct 3, 2025 | 80.5 | -0.36 (-0.45%) |
| Oct 10, 2025 | 80.5 | -0.36 (-0.45%) |
| Oct 17, 2025 | 80 | -0.86 (-1.07%) |
| Oct 24, 2025 | 50 | -30.86 (-38.17%) |
| Nov 21, 2025 | 81 | 0.14 (0.17%) |
| Dec 19, 2025 | 81 | 0.14 (0.17%) |
| Jan 16, 2026 | 81 | 0.14 (0.17%) |
| Mar 20, 2026 | 81 | 0.14 (0.17%) |
| Jun 18, 2026 | 83 | 2.14 (2.64%) |
| Sep 18, 2026 | 80 | -0.86 (-1.07%) |
| Dec 18, 2026 | 95 | 14.14 (17.48%) |
| Jan 15, 2027 | 82 | 1.14 (1.40%) |