(XLP)
Max Pain By Strike
XLP trades at $82.45, pinned near the near-term max pain of $82.5 expiring Aug 22, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($77-$95), indicating stable market expectations. Key magnetic zone at 81 where 5 expirations converge.
Max Pain By Expiry
Max pain for XLP shows stable levels around 82.38, reflecting balanced market expectations. The 22% spread signals divergent expectations across timeframes. Most levels below 82.45 may cap rallies. Strong magnetic level at 81 (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 | 82.5 | 0.05 (0.05%) |
| Aug 29, 2025 | 81.5 | -0.95 (-1.16%) |
| Sep 5, 2025 | 81 | -1.45 (-1.76%) |
| Sep 12, 2025 | 81 | -1.45 (-1.76%) |
| Sep 19, 2025 | 82 | -0.45 (-0.55%) |
| Sep 26, 2025 | 82 | -0.45 (-0.55%) |
| Oct 3, 2025 | 77 | -5.45 (-6.62%) |
| Oct 17, 2025 | 80 | -2.45 (-2.98%) |
| Nov 21, 2025 | 82 | -0.45 (-0.55%) |
| Dec 19, 2025 | 81 | -1.45 (-1.76%) |
| Jan 16, 2026 | 81 | -1.45 (-1.76%) |
| Mar 20, 2026 | 81 | -1.45 (-1.76%) |
| Jun 18, 2026 | 83 | 0.55 (0.66%) |
| Sep 18, 2026 | 86 | 3.55 (4.30%) |
| Dec 18, 2026 | 95 | 12.55 (15.21%) |
| Jan 15, 2027 | 82 | -0.45 (-0.55%) |