Energy Select Sector SPDR... (XLE)
Energy Select Sector SPDR Fund Max Pain By Strike
XLE trades at $90.38, 3.3% above the near-term max pain of $87.5 expiring Sep 5, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($80-$91), indicating stable market expectations. Key magnetic zone at 88 where 6 expirations converge.
Energy Select Sector SPDR Fund Max Pain By Expiry
Max pain for XLE shows stable levels around 87.41, reflecting balanced market expectations. The 13% spread signals divergent expectations across timeframes. Most levels below 90.38 may cap rallies. Strong magnetic level at 88 (6 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 5, 2025 | 87.5 | -2.88 (-3.19%) |
| Sep 12, 2025 | 89 | -1.38 (-1.53%) |
| Sep 19, 2025 | 87 | -3.38 (-3.74%) |
| Sep 26, 2025 | 86.5 | -3.88 (-4.29%) |
| Sep 30, 2025 | 86 | -4.38 (-4.85%) |
| Oct 3, 2025 | 88 | -2.38 (-2.63%) |
| Oct 10, 2025 | 87.5 | -2.88 (-3.19%) |
| Oct 17, 2025 | 87 | -3.38 (-3.74%) |
| Nov 21, 2025 | 88 | -2.38 (-2.63%) |
| Dec 19, 2025 | 87 | -3.38 (-3.74%) |
| Dec 31, 2025 | 86 | -4.38 (-4.85%) |
| Jan 16, 2026 | 90 | -0.38 (-0.42%) |
| Feb 20, 2026 | 88 | -2.38 (-2.63%) |
| Mar 20, 2026 | 86 | -4.38 (-4.85%) |
| Mar 31, 2026 | 80 | -10.38 (-11.48%) |
| Apr 17, 2026 | 90 | -0.38 (-0.42%) |
| Jun 18, 2026 | 90 | -0.38 (-0.42%) |
| Jun 30, 2026 | 89 | -1.38 (-1.53%) |
| Sep 18, 2026 | 88 | -2.38 (-2.63%) |
| Dec 18, 2026 | 91 | 0.62 (0.69%) |
| Jan 15, 2027 | 89 | -1.38 (-1.53%) |
| Jun 17, 2027 | 80 | -10.38 (-11.48%) |
| Dec 17, 2027 | 90 | -0.38 (-0.42%) |