SPDR S&P Oil & Gas Explor... (XOP)
SPDR S&P Oil & Gas Exploration & Production ETF Max Pain By Strike
XOP trades at $134.19, pinned near the near-term max pain of $132.5 expiring Oct 10, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($125-$145), indicating stable market expectations. Key magnetic zone at 135 where 5 expirations converge.
SPDR S&P Oil & Gas Exploration & Production ETF Max Pain By Expiry
Max pain for XOP shows stable levels around 133.34, reflecting balanced market expectations. The 15% spread signals divergent expectations across timeframes. Levels distributed around 134.19. Strong magnetic level at 135 (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 |
|---|---|---|
| Oct 10, 2025 | 132.5 | n/a (n/a) |
| Oct 17, 2025 | 130 | n/a (n/a) |
| Oct 24, 2025 | 135 | n/a (n/a) |
| Oct 31, 2025 | 135 | n/a (n/a) |
| Nov 7, 2025 | 132 | n/a (n/a) |
| Nov 14, 2025 | 128 | n/a (n/a) |
| Nov 21, 2025 | 130 | n/a (n/a) |
| Dec 19, 2025 | 135 | n/a (n/a) |
| Jan 16, 2026 | 135 | n/a (n/a) |
| Mar 20, 2026 | 145 | n/a (n/a) |
| Jun 18, 2026 | 130 | n/a (n/a) |
| Sep 18, 2026 | 125 | n/a (n/a) |
| Dec 18, 2026 | 143 | n/a (n/a) |
| Jan 15, 2027 | 133 | n/a (n/a) |
| Dec 17, 2027 | 135 | n/a (n/a) |
| Jan 21, 2028 | 130 | n/a (n/a) |