Max Pain — XLF
Data as of market close Apr 2, 2026
XLF Max Pain Data
- Max Pain Strike
- $49.00
- Expected Move
- ±$1.32 (±2.7%)
- Days to Expiry
- 8
- Total Call OI
- 20,496
- Total Put OI
- 18,228
- Put/Call OI Ratio
- 0.89
- Spot Price
- $49.53
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-10 | $49.00 | 4/3/2026, 2:02:06 AM |
| 2026-04-17 | $50.00 | 4/3/2026, 2:02:06 AM |
| 2026-04-24 | $49.00 | 4/3/2026, 2:02:06 AM |
| 2026-05-01 | $49.50 | 4/3/2026, 2:02:06 AM |
| 2026-05-08 | $50.00 | 4/3/2026, 2:02:06 AM |
| 2026-05-15 | $52.00 | 4/3/2026, 2:02:06 AM |
| 2026-06-18 | $52.00 | 4/3/2026, 2:02:06 AM |
| 2026-06-30 | $52.00 | 4/3/2026, 2:02:06 AM |
| 2026-07-17 | $53.00 | 4/3/2026, 2:02:06 AM |
| 2026-08-21 | $49.00 | 4/3/2026, 2:02:06 AM |
| 2026-09-18 | $51.00 | 4/3/2026, 2:02:06 AM |
| 2026-09-30 | $54.00 | 4/3/2026, 2:02:06 AM |
| 2026-10-16 | $52.00 | 4/3/2026, 2:02:06 AM |
| 2026-11-20 | $50.00 | 4/3/2026, 2:02:06 AM |
| 2026-12-18 | $50.00 | 4/3/2026, 2:02:06 AM |
| 2026-12-31 | $48.00 | 4/3/2026, 2:02:06 AM |
| 2027-01-15 | $52.00 | 4/3/2026, 2:02:06 AM |
| 2027-03-19 | $49.00 | 4/3/2026, 2:02:06 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 30 | 0 | 31806800 | 31806800 |
| 35 | 0 | 22696800 | 22696800 |
| 40 | 0 | 13586800 | 13586800 |
| 42 | 200 | 10092600 | 10092800 |
| 43 | 300 | 8351000 | 8351300 |
| 43.5 | 400 | 7535600 | 7536000 |
| 44 | 750 | 6727300 | 6728050 |
| 44.5 | 1350 | 5931850 | 5933200 |
| 45 | 1950 | 5139950 | 5141900 |
| 45.5 | 2650 | 4391250 | 4393900 |
| 46 | 3350 | 3644300 | 3647650 |
| 46.5 | 4150 | 2948350 | 2952500 |
| 47 | 5400 | 2290150 | 2295550 |
| 47.5 | 7500 | 1687000 | 1694500 |
| 48 | 29550 | 1182900 | 1212450 |
| 48.5 | 57150 | 757000 | 814150 |
| 49 | 148200 | 457550 | 605750 |
| 49.5 | 344450 | 273500 | 617950 |
| 50 | 590350 | 131200 | 721550 |
| 50.5 | 1102700 | 52850 | 1155550 |
View max pain levels for XLF 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.