(XPND)
Max Pain By Strike
XPND trades at $34.26, 22.4% above the near-term max pain of $28 expiring Sep 19, 2025 (32 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 34.26 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 | -6.26 (-18.27%) |
| Oct 17, 2025 | 23 | -11.26 (-32.87%) |
| Jan 16, 2026 | 26 | -8.26 (-24.11%) |
| Apr 17, 2026 | 29 | -5.26 (-15.35%) |
| Dec 18, 2026 | 95 | 60.74 (177.29%) |