Max Pain — XLB
Data as of market close Apr 2, 2026
XLB Max Pain Data
- Max Pain Strike
- $50.00
- Expected Move
- ±$3.04 (±6.0%)
- Days to Expiry
- 8
- Total Call OI
- 274
- Total Put OI
- 684
- Put/Call OI Ratio
- 2.50
- Spot Price
- $50.41
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-10 | $50.00 | 4/3/2026, 2:01:48 AM |
| 2026-04-17 | $52.00 | 4/3/2026, 2:01:48 AM |
| 2026-04-24 | $49.50 | 4/3/2026, 2:01:48 AM |
| 2026-05-01 | $49.00 | 4/3/2026, 2:01:48 AM |
| 2026-05-08 | $49.00 | 4/3/2026, 2:01:48 AM |
| 2026-05-15 | $49.00 | 4/3/2026, 2:01:48 AM |
| 2026-06-18 | $49.00 | 4/3/2026, 2:01:48 AM |
| 2026-09-18 | $50.00 | 4/3/2026, 2:01:48 AM |
| 2026-12-18 | $48.00 | 4/3/2026, 2:01:48 AM |
| 2027-01-15 | $50.00 | 4/3/2026, 2:01:48 AM |
| 2027-03-19 | $43.00 | 4/3/2026, 2:01:48 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 40 | 0 | 525650 | 525650 |
| 44 | 0 | 253250 | 253250 |
| 44.5 | 0 | 219600 | 219600 |
| 45 | 0 | 186000 | 186000 |
| 45.5 | 0 | 156650 | 156650 |
| 46 | 0 | 129700 | 129700 |
| 46.5 | 50 | 105400 | 105450 |
| 47 | 100 | 82500 | 82600 |
| 47.5 | 200 | 60650 | 60850 |
| 48 | 400 | 39450 | 39850 |
| 48.5 | 800 | 23550 | 24350 |
| 49 | 1450 | 12700 | 14150 |
| 49.5 | 2250 | 7100 | 9350 |
| 50 | 3550 | 3550 | 7100 |
| 50.5 | 9500 | 1700 | 11200 |
| 51 | 18050 | 550 | 18600 |
| 51.5 | 28350 | 0 | 28350 |
| 52 | 40150 | 0 | 40150 |
| 53 | 65050 | 0 | 65050 |
| 53.5 | 77700 | 0 | 77700 |
View max pain levels for XLB options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.