(XLU)
Max Pain By Strike
XLU trades at $85.75, pinned near the near-term max pain of $85.5 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($70-$87.5), indicating stable market expectations. Key magnetic zone at 85 where 5 expirations converge.
Max Pain By Expiry
Max pain for XLU shows stable levels around 81.38, reflecting balanced market expectations. The 22% spread signals divergent expectations across timeframes. Most levels below 85.75 may cap rallies. Strong magnetic level at 85 (5 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 15, 2025 | 85.5 | -0.25 (-0.29%) |
| Aug 22, 2025 | 85 | -0.75 (-0.87%) |
| Aug 29, 2025 | 85 | -0.75 (-0.87%) |
| Sep 5, 2025 | 87.5 | 1.75 (2.04%) |
| Sep 12, 2025 | 84.5 | -1.25 (-1.46%) |
| Sep 19, 2025 | 80 | -5.75 (-6.71%) |
| Sep 26, 2025 | 84.5 | -1.25 (-1.46%) |
| Oct 17, 2025 | 80 | -5.75 (-6.71%) |
| Dec 19, 2025 | 74 | -11.75 (-13.70%) |
| Jan 16, 2026 | 81 | -4.75 (-5.54%) |
| Mar 20, 2026 | 86 | 0.25 (0.29%) |
| Jun 18, 2026 | 81 | -4.75 (-5.54%) |
| Sep 18, 2026 | 70 | -15.75 (-18.37%) |
| Dec 18, 2026 | 74 | -11.75 (-13.70%) |
| Jan 15, 2027 | 79 | -6.75 (-7.87%) |
| Dec 17, 2027 | 85 | -0.75 (-0.87%) |