(XLF)
Max Pain By Strike
XLF trades at $52.77, pinned near the near-term max pain of $52.5 expiring Aug 22, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($42-$55), indicating stable market expectations. Key magnetic zone at 51 where 5 expirations converge.
Max Pain By Expiry
Max pain for XLF shows stable levels around 50.45, reflecting balanced market expectations. The 26% spread signals divergent expectations across timeframes. Most levels below 52.77 may cap rallies. Strong magnetic level at 51 (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 |
|---|---|---|
| Aug 22, 2025 | 52.5 | -0.27 (-0.50%) |
| Aug 29, 2025 | 52.5 | -0.27 (-0.50%) |
| Sep 5, 2025 | 51.5 | -1.27 (-2.40%) |
| Sep 12, 2025 | 52 | -0.77 (-1.45%) |
| Sep 19, 2025 | 51 | -1.77 (-3.35%) |
| Sep 26, 2025 | 53.5 | 0.73 (1.39%) |
| Sep 30, 2025 | 52 | -0.77 (-1.45%) |
| Oct 17, 2025 | 51 | -1.77 (-3.35%) |
| Nov 21, 2025 | 52 | -0.77 (-1.45%) |
| Dec 19, 2025 | 51 | -1.77 (-3.35%) |
| Dec 31, 2025 | 47 | -5.77 (-10.93%) |
| Jan 16, 2026 | 51 | -1.77 (-3.35%) |
| Mar 20, 2026 | 51 | -1.77 (-3.35%) |
| Mar 31, 2026 | 50 | -2.77 (-5.24%) |
| Jun 18, 2026 | 52 | -0.77 (-1.45%) |
| Jun 30, 2026 | 55 | 2.23 (4.24%) |
| Sep 18, 2026 | 42 | -10.77 (-20.40%) |
| Dec 18, 2026 | 45 | -7.77 (-14.72%) |
| Jan 15, 2027 | 50 | -2.77 (-5.24%) |
| Dec 17, 2027 | 47 | -5.77 (-10.93%) |