(XLE)
Max Pain By Strike
XLE trades at $85, pinned near the near-term max pain of $85.5 expiring Aug 22, 2025 (3 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 86 where 8 expirations converge.
Max Pain By Expiry
Max pain for XLE shows stable levels around 86.36, reflecting balanced market expectations. The 13% spread signals divergent expectations across timeframes. Most levels above 85 could support dips. Strong magnetic level at 86 (8 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 |
|---|---|---|
| Aug 22, 2025 | 85.5 | 0.50 (0.58%) |
| Aug 29, 2025 | 85.5 | 0.50 (0.58%) |
| Sep 5, 2025 | 83.5 | -1.50 (-1.77%) |
| Sep 12, 2025 | 85.5 | 0.50 (0.58%) |
| Sep 19, 2025 | 87 | 2.00 (2.35%) |
| Sep 26, 2025 | 84 | -1.00 (-1.18%) |
| Sep 30, 2025 | 86 | 1.00 (1.17%) |
| Oct 17, 2025 | 86 | 1.00 (1.17%) |
| Nov 21, 2025 | 87 | 2.00 (2.35%) |
| Dec 19, 2025 | 87 | 2.00 (2.35%) |
| Dec 31, 2025 | 86 | 1.00 (1.17%) |
| Jan 16, 2026 | 90 | 5.00 (5.88%) |
| Feb 20, 2026 | 86 | 1.00 (1.17%) |
| Mar 20, 2026 | 86 | 1.00 (1.17%) |
| Mar 31, 2026 | 80 | -5.00 (-5.89%) |
| Jun 18, 2026 | 90 | 5.00 (5.88%) |
| Jun 30, 2026 | 83 | -2.00 (-2.36%) |
| Sep 18, 2026 | 89 | 4.00 (4.70%) |
| Dec 18, 2026 | 91 | 6.00 (7.05%) |
| Jan 15, 2027 | 90 | 5.00 (5.88%) |
| Jun 17, 2027 | 82 | -3.00 (-3.54%) |
| Dec 17, 2027 | 90 | 5.00 (5.88%) |