(XPH)

XPH trades at $47.22, 9.8% above the near-term max pain of $43 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($39-$60), signaling increased put positioning or downside protection. Key magnetic zone at 41 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for XPH shows a downward trend from 60 to 39, indicating bearish sentiment or hedging activity. The 47% spread signals divergent expectations across timeframes. Most levels below 47.22 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.