(XLP)
Max Pain By Strike
XLP trades at $81.97, pinned near the near-term max pain of $82.5 expiring Aug 22, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($65-$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 81.11, reflecting balanced market expectations. The 37% spread signals divergent expectations across timeframes. Levels distributed around 81.97. 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 |
|---|---|---|
| Aug 22, 2025 | 82.5 | 0.53 (0.64%) |
| Aug 29, 2025 | 81 | -0.97 (-1.19%) |
| Sep 5, 2025 | 80.5 | -1.47 (-1.80%) |
| Sep 12, 2025 | 80.5 | -1.47 (-1.80%) |
| Sep 19, 2025 | 82 | 0.03 (0.03%) |
| Sep 26, 2025 | 82 | 0.03 (0.03%) |
| Oct 17, 2025 | 80 | -1.97 (-2.41%) |
| Dec 19, 2025 | 81 | -0.97 (-1.19%) |
| Jan 16, 2026 | 81 | -0.97 (-1.19%) |
| Mar 20, 2026 | 81 | -0.97 (-1.19%) |
| Jun 18, 2026 | 83 | 1.03 (1.25%) |
| Sep 18, 2026 | 65 | -16.97 (-20.71%) |
| Dec 18, 2026 | 95 | 13.03 (15.89%) |
| Jan 15, 2027 | 81 | -0.97 (-1.19%) |