(XPH)
Max Pain By Strike
XPH trades at $46.55, 8.3% above the near-term max pain of $43 expiring Sep 19, 2025 (24 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($39-$60), signaling increased put positioning or downside protection. Key magnetic zone at 41 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for XPH shows a downward trend from 60 to 39, indicating bearish sentiment or hedging activity. The 47% spread signals divergent expectations across timeframes. Most levels below 46.55 may cap rallies. 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 19, 2025 | 43 | -3.55 (-7.63%) |
| Oct 17, 2025 | 41 | -5.55 (-11.92%) |
| Jan 16, 2026 | 41 | -5.55 (-11.92%) |
| Apr 17, 2026 | 39 | -7.55 (-16.22%) |
| Dec 18, 2026 | 60 | 13.45 (28.89%) |