(XLRE)
Max Pain By Strike
XLRE trades at $42.34, pinned near the near-term max pain of $42 expiring Sep 19, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($41-$99), signaling increased put positioning or downside protection. Key magnetic zone at 41 where 4 expirations converge.
Max Pain By Expiry
Max pain for XLRE shows a downward trend from 99 to 41, indicating bearish sentiment or hedging activity. The 116% spread signals divergent expectations across timeframes. Most levels below 42.34 may cap rallies. Strong magnetic level at 41 (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 19, 2025 | 42 | -0.34 (-0.81%) |
| Oct 17, 2025 | 41 | -1.34 (-3.18%) |
| Nov 21, 2025 | 42 | -0.34 (-0.81%) |
| Dec 19, 2025 | 60 | 17.66 (41.69%) |
| Jan 16, 2026 | 42 | -0.34 (-0.81%) |
| Feb 20, 2026 | 41 | -1.34 (-3.18%) |
| Mar 20, 2026 | 41 | -1.34 (-3.18%) |
| Dec 18, 2026 | 99 | 56.66 (133.79%) |
| Jan 15, 2027 | 41 | -1.34 (-3.18%) |