(XPND)
Max Pain By Strike
XPND trades at $35.49, 26.8% above the near-term max pain of $28 expiring Sep 19, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($23-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for XPND shows a downward trend from 95 to 23, indicating bearish sentiment or hedging activity. The 179% spread signals divergent expectations across timeframes. Most levels below 35.49 may cap rallies. 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 | 28 | -7.49 (-21.10%) |
| Oct 17, 2025 | 23 | -12.49 (-35.19%) |
| Jan 16, 2026 | 26 | -9.49 (-26.74%) |
| Apr 17, 2026 | 29 | -6.49 (-18.28%) |
| Dec 18, 2026 | 95 | 59.51 (167.70%) |