(XSLV)
Max Pain By Strike
XSLV trades at $47.57, 25.2% above the near-term max pain of $38 expiring Sep 19, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($36-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 38 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for XSLV shows a downward trend from 97.5 to 36, indicating bearish sentiment or hedging activity. The 124% spread signals divergent expectations across timeframes. Most levels below 47.57 may cap rallies. Strong magnetic level at 38 (3 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 |
|---|---|---|
| Sep 19, 2025 | 38 | -9.57 (-20.12%) |
| Oct 17, 2025 | 38 | -9.57 (-20.12%) |
| Dec 19, 2025 | 36 | -11.57 (-24.32%) |
| Jan 16, 2026 | 97.5 | 49.93 (104.96%) |
| Mar 20, 2026 | 38 | -9.57 (-20.12%) |