Max Pain — XLU
Data as of market close Apr 2, 2026
XLU Max Pain Data
- Max Pain Strike
- $45.50
- Expected Move
- ±$0.92 (±2.0%)
- Days to Expiry
- 8
- Total Call OI
- 2,951
- Total Put OI
- 2,910
- Put/Call OI Ratio
- 0.99
- Spot Price
- $46.34
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-04-10 | $45.50 | 4/3/2026, 2:02:33 AM |
| 2026-04-17 | $46.00 | 4/3/2026, 2:02:33 AM |
| 2026-04-24 | $45.50 | 4/3/2026, 2:02:33 AM |
| 2026-05-01 | $47.00 | 4/3/2026, 2:02:33 AM |
| 2026-05-08 | $45.50 | 4/3/2026, 2:02:33 AM |
| 2026-05-15 | $46.00 | 4/3/2026, 2:02:33 AM |
| 2026-06-18 | $47.00 | 4/3/2026, 2:02:33 AM |
| 2026-09-18 | $46.00 | 4/3/2026, 2:02:33 AM |
| 2026-12-18 | $45.00 | 4/3/2026, 2:02:33 AM |
| 2027-01-15 | $47.50 | 4/3/2026, 2:02:33 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 40 | 0 | 1193350 | 1193350 |
| 40.5 | 0 | 1047950 | 1047950 |
| 41 | 0 | 903050 | 903050 |
| 41.5 | 0 | 758900 | 758900 |
| 42 | 50 | 614750 | 614800 |
| 42.5 | 100 | 472100 | 472200 |
| 43 | 250 | 381850 | 382100 |
| 43.5 | 1300 | 293900 | 295200 |
| 44 | 2550 | 207250 | 209800 |
| 44.5 | 4850 | 151300 | 156150 |
| 45 | 28600 | 98600 | 127200 |
| 45.5 | 63200 | 62250 | 125450 |
| 46 | 100900 | 38750 | 139650 |
| 46.5 | 152450 | 20400 | 172850 |
| 47 | 240450 | 4350 | 244800 |
| 47.5 | 346350 | 550 | 346900 |
| 48 | 471750 | 250 | 472000 |
| 48.5 | 614350 | 100 | 614450 |
| 49 | 757950 | 50 | 758000 |
| 49.5 | 901900 | 0 | 901900 |
View max pain levels for XLU 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.