GOLD
Max pain for GOLD
02 Jul 2024 11:20 AM IST
Max Pain for GOLD is 72000
Strike 67000 has a total call value of 0 versus a total put value of 1,486,150,000 Combined total value = 1,486,150,000
Strike 67100 has a total call value of 0 versus a total put value of 1,442,390,000 Combined total value = 1,442,390,000
Strike 67200 has a total call value of 0 versus a total put value of 1,398,630,000 Combined total value = 1,398,630,000
Strike 67300 has a total call value of 0 versus a total put value of 1,354,870,000 Combined total value = 1,354,870,000
Strike 67400 has a total call value of 0 versus a total put value of 1,311,110,000 Combined total value = 1,311,110,000
Strike 67500 has a total call value of 0 versus a total put value of 1,267,350,000 Combined total value = 1,267,350,000
Strike 67600 has a total call value of 0 versus a total put value of 1,223,590,000 Combined total value = 1,223,590,000
Strike 67700 has a total call value of 0 versus a total put value of 1,179,830,000 Combined total value = 1,179,830,000
Strike 67800 has a total call value of 0 versus a total put value of 1,136,070,000 Combined total value = 1,136,070,000
Strike 67900 has a total call value of 0 versus a total put value of 1,092,310,000 Combined total value = 1,092,310,000
Strike 68000 has a total call value of 0 versus a total put value of 1,048,550,000 Combined total value = 1,048,550,000
Strike 68100 has a total call value of 0 versus a total put value of 1,009,640,000 Combined total value = 1,009,640,000
Strike 68200 has a total call value of 0 versus a total put value of 970,730,000 Combined total value = 970,730,000
Strike 68300 has a total call value of 0 versus a total put value of 931,820,000 Combined total value = 931,820,000
Strike 68400 has a total call value of 0 versus a total put value of 892,910,000 Combined total value = 892,910,000
Strike 68500 has a total call value of 0 versus a total put value of 854,000,000 Combined total value = 854,000,000
Strike 68600 has a total call value of 0 versus a total put value of 815,090,000 Combined total value = 815,090,000
Strike 68700 has a total call value of 0 versus a total put value of 776,180,000 Combined total value = 776,180,000
Strike 68800 has a total call value of 0 versus a total put value of 737,270,000 Combined total value = 737,270,000
Strike 68900 has a total call value of 0 versus a total put value of 698,360,000 Combined total value = 698,360,000
Strike 69000 has a total call value of 0 versus a total put value of 659,450,000 Combined total value = 659,450,000
Strike 69100 has a total call value of 0 versus a total put value of 627,630,000 Combined total value = 627,630,000
Strike 69200 has a total call value of 0 versus a total put value of 595,810,000 Combined total value = 595,810,000
Strike 69300 has a total call value of 0 versus a total put value of 563,990,000 Combined total value = 563,990,000
Strike 69400 has a total call value of 0 versus a total put value of 532,170,000 Combined total value = 532,170,000
Strike 69500 has a total call value of 0 versus a total put value of 500,350,000 Combined total value = 500,350,000
Strike 69600 has a total call value of 0 versus a total put value of 468,530,000 Combined total value = 468,530,000
Strike 69700 has a total call value of 0 versus a total put value of 436,710,000 Combined total value = 436,710,000
Strike 69800 has a total call value of 0 versus a total put value of 404,890,000 Combined total value = 404,890,000
Strike 69900 has a total call value of 0 versus a total put value of 373,070,000 Combined total value = 373,070,000
Strike 70000 has a total call value of 0 versus a total put value of 341,250,000 Combined total value = 341,250,000
Strike 70100 has a total call value of 820,000 versus a total put value of 319,110,000 Combined total value = 319,930,000
Strike 70200 has a total call value of 1,640,000 versus a total put value of 296,970,000 Combined total value = 298,610,000
Strike 70300 has a total call value of 2,460,000 versus a total put value of 274,830,000 Combined total value = 277,290,000
Strike 70400 has a total call value of 3,280,000 versus a total put value of 252,690,000 Combined total value = 255,970,000
Strike 70500 has a total call value of 4,100,000 versus a total put value of 230,550,000 Combined total value = 234,650,000
Strike 70600 has a total call value of 4,920,000 versus a total put value of 209,670,000 Combined total value = 214,590,000
Strike 70700 has a total call value of 5,740,000 versus a total put value of 188,790,000 Combined total value = 194,530,000
Strike 70800 has a total call value of 6,560,000 versus a total put value of 167,910,000 Combined total value = 174,470,000
Strike 70900 has a total call value of 7,380,000 versus a total put value of 147,030,000 Combined total value = 154,410,000
Strike 71000 has a total call value of 8,200,000 versus a total put value of 126,150,000 Combined total value = 134,350,000
Strike 71100 has a total call value of 10,880,000 versus a total put value of 115,640,000 Combined total value = 126,520,000
Strike 71200 has a total call value of 13,560,000 versus a total put value of 105,130,000 Combined total value = 118,690,000
Strike 71300 has a total call value of 16,240,000 versus a total put value of 94,620,000 Combined total value = 110,860,000
Strike 71400 has a total call value of 18,920,000 versus a total put value of 84,110,000 Combined total value = 103,030,000
Strike 71500 has a total call value of 21,600,000 versus a total put value of 73,600,000 Combined total value = 95,200,000
Strike 71600 has a total call value of 25,340,000 versus a total put value of 64,760,000 Combined total value = 90,100,000
Strike 71700 has a total call value of 29,080,000 versus a total put value of 55,920,000 Combined total value = 85,000,000
Strike 71800 has a total call value of 32,820,000 versus a total put value of 47,080,000 Combined total value = 79,900,000
Strike 71900 has a total call value of 36,560,000 versus a total put value of 38,240,000 Combined total value = 74,800,000
Strike 72000 has a total call value of 40,300,000 versus a total put value of 29,400,000 Combined total value = 69,700,000
Strike 72100 has a total call value of 55,860,000 versus a total put value of 26,460,000 Combined total value = 82,320,000
Strike 72200 has a total call value of 71,420,000 versus a total put value of 23,520,000 Combined total value = 94,940,000
Strike 72300 has a total call value of 86,980,000 versus a total put value of 20,580,000 Combined total value = 107,560,000
Strike 72400 has a total call value of 102,540,000 versus a total put value of 17,640,000 Combined total value = 120,180,000
Strike 72500 has a total call value of 118,100,000 versus a total put value of 14,700,000 Combined total value = 132,800,000
Strike 72600 has a total call value of 134,660,000 versus a total put value of 11,760,000 Combined total value = 146,420,000
Strike 72700 has a total call value of 151,220,000 versus a total put value of 8,820,000 Combined total value = 160,040,000
Strike 72800 has a total call value of 167,780,000 versus a total put value of 5,880,000 Combined total value = 173,660,000
Strike 72900 has a total call value of 184,340,000 versus a total put value of 2,940,000 Combined total value = 187,280,000
Strike 73000 has a total call value of 200,900,000 versus a total put value of 0 Combined total value = 200,900,000
Strike 73100 has a total call value of 227,440,000 versus a total put value of 0 Combined total value = 227,440,000
Strike 73200 has a total call value of 253,980,000 versus a total put value of 0 Combined total value = 253,980,000
Strike 73300 has a total call value of 280,520,000 versus a total put value of 0 Combined total value = 280,520,000
Strike 73400 has a total call value of 307,060,000 versus a total put value of 0 Combined total value = 307,060,000
Strike 73500 has a total call value of 333,600,000 versus a total put value of 0 Combined total value = 333,600,000
Strike 73600 has a total call value of 362,300,000 versus a total put value of 0 Combined total value = 362,300,000
Strike 73700 has a total call value of 391,000,000 versus a total put value of 0 Combined total value = 391,000,000
Strike 73800 has a total call value of 419,700,000 versus a total put value of 0 Combined total value = 419,700,000
Strike 73900 has a total call value of 448,400,000 versus a total put value of 0 Combined total value = 448,400,000
Strike 74000 has a total call value of 477,100,000 versus a total put value of 0 Combined total value = 477,100,000
Strike 74100 has a total call value of 516,800,000 versus a total put value of 0 Combined total value = 516,800,000
Strike 74200 has a total call value of 556,500,000 versus a total put value of 0 Combined total value = 556,500,000
Strike 74300 has a total call value of 596,200,000 versus a total put value of 0 Combined total value = 596,200,000
Strike 74400 has a total call value of 635,900,000 versus a total put value of 0 Combined total value = 635,900,000
Strike 74500 has a total call value of 675,600,000 versus a total put value of 0 Combined total value = 675,600,000
Strike 74600 has a total call value of 717,290,000 versus a total put value of 0 Combined total value = 717,290,000
Strike 74700 has a total call value of 758,980,000 versus a total put value of 0 Combined total value = 758,980,000
Strike 74800 has a total call value of 800,670,000 versus a total put value of 0 Combined total value = 800,670,000
Strike 74900 has a total call value of 842,360,000 versus a total put value of 0 Combined total value = 842,360,000
Strike 75000 has a total call value of 884,050,000 versus a total put value of 0 Combined total value = 884,050,000
Strike 75100 has a total call value of 936,920,000 versus a total put value of 0 Combined total value = 936,920,000
Strike 75200 has a total call value of 989,790,000 versus a total put value of 0 Combined total value = 989,790,000
Strike 75300 has a total call value of 1,042,660,000 versus a total put value of 0 Combined total value = 1,042,660,000
Strike 75400 has a total call value of 1,095,530,000 versus a total put value of 0 Combined total value = 1,095,530,000
Strike 75500 has a total call value of 1,148,400,000 versus a total put value of 0 Combined total value = 1,148,400,000
Strike 75600 has a total call value of 1,201,270,000 versus a total put value of 0 Combined total value = 1,201,270,000
Strike 75700 has a total call value of 1,254,140,000 versus a total put value of 0 Combined total value = 1,254,140,000
Strike 75800 has a total call value of 1,307,010,000 versus a total put value of 0 Combined total value = 1,307,010,000
Strike 75900 has a total call value of 1,359,880,000 versus a total put value of 0 Combined total value = 1,359,880,000
Strike 76000 has a total call value of 1,412,750,000 versus a total put value of 0 Combined total value = 1,412,750,000
Strike 76100 has a total call value of 1,468,460,000 versus a total put value of 0 Combined total value = 1,468,460,000
Strike 76200 has a total call value of 1,524,170,000 versus a total put value of 0 Combined total value = 1,524,170,000
Strike 76300 has a total call value of 1,579,880,000 versus a total put value of 0 Combined total value = 1,579,880,000
Strike 76400 has a total call value of 1,635,590,000 versus a total put value of 0 Combined total value = 1,635,590,000
Strike 76500 has a total call value of 1,691,300,000 versus a total put value of 0 Combined total value = 1,691,300,000
Strike 76600 has a total call value of 1,747,010,000 versus a total put value of 0 Combined total value = 1,747,010,000
Strike 76700 has a total call value of 1,802,720,000 versus a total put value of 0 Combined total value = 1,802,720,000
Strike 76800 has a total call value of 1,858,430,000 versus a total put value of 0 Combined total value = 1,858,430,000
Strike 76900 has a total call value of 1,914,140,000 versus a total put value of 0 Combined total value = 1,914,140,000
Strike 77000 has a total call value of 1,969,850,000 versus a total put value of 0 Combined total value = 1,969,850,000
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.