Max Pain — XLI
Data as of market close Apr 2, 2026
XLI Max Pain Data
- Max Pain Strike
- $167.50
- Expected Move
- ±$5.21 (±3.2%)
- Days to Expiry
- 8
- Total Call OI
- 2,364
- Total Put OI
- 10,499
- Put/Call OI Ratio
- 4.44
- Spot Price
- $163.77
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-10 | $167.50 | 4/3/2026, 2:02:12 AM |
| 2026-04-17 | $168.00 | 4/3/2026, 2:02:12 AM |
| 2026-04-24 | $165.00 | 4/3/2026, 2:02:12 AM |
| 2026-05-01 | $163.00 | 4/3/2026, 2:02:12 AM |
| 2026-05-15 | $161.00 | 4/3/2026, 2:02:12 AM |
| 2026-06-18 | $165.00 | 4/3/2026, 2:02:12 AM |
| 2026-09-18 | $165.00 | 4/3/2026, 2:02:12 AM |
| 2026-11-20 | $171.00 | 4/3/2026, 2:02:12 AM |
| 2026-12-18 | $150.00 | 4/3/2026, 2:02:12 AM |
| 2027-01-15 | $163.00 | 4/3/2026, 2:02:12 AM |
| 2027-03-19 | $164.00 | 4/3/2026, 2:02:12 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 110 | 0 | 52757800 | 52757800 |
| 125 | 0 | 37012300 | 37012300 |
| 130 | 0 | 31783800 | 31783800 |
| 135 | 0 | 26585800 | 26585800 |
| 140 | 0 | 21388300 | 21388300 |
| 145 | 5000 | 16196300 | 16201300 |
| 150 | 10000 | 11457300 | 11467300 |
| 153 | 13000 | 8618400 | 8631400 |
| 154 | 14000 | 7672400 | 7686400 |
| 155 | 15000 | 6729600 | 6744600 |
| 156 | 16000 | 5788900 | 5804900 |
| 157 | 17000 | 4848400 | 4865400 |
| 158 | 18000 | 3910000 | 3928000 |
| 159 | 19000 | 2980900 | 2999900 |
| 160 | 20000 | 2240200 | 2260200 |
| 161 | 21000 | 1511800 | 1532800 |
| 162 | 22000 | 783600 | 805600 |
| 162.5 | 22600 | 511750 | 534350 |
| 163 | 23500 | 240150 | 263650 |
| 164 | 39200 | 197050 | 236250 |
View max pain levels for XLI 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.