(XLRE)
Max Pain By Strike
XLRE trades at $41.32, pinned near the near-term max pain of $41 expiring Sep 19, 2025 (34 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$99), signaling increased put positioning or downside protection. Key magnetic zone at 42 where 3 expirations converge.
Max Pain By Expiry
Max pain for XLRE shows a downward trend from 99 to 40, indicating bearish sentiment or hedging activity. The 119% spread signals divergent expectations across timeframes. Levels distributed around 41.32. Strong magnetic level at 42 (3 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 19, 2025 | 41 | -0.32 (-0.77%) |
| Oct 17, 2025 | 42 | 0.68 (1.65%) |
| Nov 21, 2025 | 42 | 0.68 (1.65%) |
| Dec 19, 2025 | 60 | 18.68 (45.21%) |
| Jan 16, 2026 | 42 | 0.68 (1.65%) |
| Feb 20, 2026 | 41 | -0.32 (-0.77%) |
| Mar 20, 2026 | 40 | -1.32 (-3.19%) |
| Dec 18, 2026 | 99 | 57.68 (139.59%) |
| Jan 15, 2027 | 40 | -1.32 (-3.19%) |