XLE Max Pain
XLE $69.64 · Updated Oct 26, 4:00 PM ET
XLE max pain for Oct 28, 2026 (2 days out) is $68.00, 2.4% below the current $69.64. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $67.50.
MAX PAIN BY EXPIRATION
| Expiration | DTE | Max pain | vs spot | Call OI | Put OI |
|---|---|---|---|---|---|
| Oct 28, 2026 | 2 | $68.00 | -2.4% | 5,549 | 6,063 |
| Oct 30, 2026 | 4 | $66.00 | -5.2% | 31,695 | 42,949 |
| Nov 2, 2026 | 7 | $67.00 | -3.8% | 338 | 627 |
| Nov 4, 2026 | 9 | $68.00 | -2.4% | 694 | 550 |
| Nov 6, 2026 | 11 | $67.00 | -3.8% | 13,080 | 11,916 |
| Nov 13, 2026 | 18 | $66.50 | -4.5% | 6,108 | 6,987 |
| Nov 20, 2026 | 25 | $65.00 | -6.7% | 197,415 | 178,551 |
| Nov 27, 2026 | 32 | $67.50 | -3.1% | 3,903 | 3,819 |
| Dec 4, 2026 | 39 | $68.00 | -2.4% | 865 | 119 |
| Dec 18, 2026 | 53 | $62.50 | -10.3% | 326,500 | 687,692 |
| Dec 31, 2026 | 66 | $48.00 | -31.1% | 44,455 | 5,910 |
| Jan 15, 2027 | 81 | $55.00 | -21.0% | 288,803 | 583,137 |
How this is calculated: Max Pain methodology