GOLD
Max pain for GOLD
04 Jul 2024 12:40 PM IST
Max Pain for GOLD is 72000
Strike 68000 has a total call value of 0 versus a total put value of 1,228,500,000 Combined total value = 1,228,500,000
Strike 68100 has a total call value of 0 versus a total put value of 1,184,670,000 Combined total value = 1,184,670,000
Strike 68200 has a total call value of 0 versus a total put value of 1,140,840,000 Combined total value = 1,140,840,000
Strike 68300 has a total call value of 0 versus a total put value of 1,097,010,000 Combined total value = 1,097,010,000
Strike 68400 has a total call value of 0 versus a total put value of 1,053,180,000 Combined total value = 1,053,180,000
Strike 68500 has a total call value of 0 versus a total put value of 1,009,350,000 Combined total value = 1,009,350,000
Strike 68600 has a total call value of 0 versus a total put value of 965,810,000 Combined total value = 965,810,000
Strike 68700 has a total call value of 0 versus a total put value of 922,270,000 Combined total value = 922,270,000
Strike 68800 has a total call value of 0 versus a total put value of 878,730,000 Combined total value = 878,730,000
Strike 68900 has a total call value of 0 versus a total put value of 835,190,000 Combined total value = 835,190,000
Strike 69000 has a total call value of 0 versus a total put value of 791,650,000 Combined total value = 791,650,000
Strike 69100 has a total call value of 0 versus a total put value of 755,490,000 Combined total value = 755,490,000
Strike 69200 has a total call value of 0 versus a total put value of 719,330,000 Combined total value = 719,330,000
Strike 69300 has a total call value of 0 versus a total put value of 683,170,000 Combined total value = 683,170,000
Strike 69400 has a total call value of 0 versus a total put value of 647,010,000 Combined total value = 647,010,000
Strike 69500 has a total call value of 0 versus a total put value of 610,850,000 Combined total value = 610,850,000
Strike 69600 has a total call value of 0 versus a total put value of 574,690,000 Combined total value = 574,690,000
Strike 69700 has a total call value of 0 versus a total put value of 538,530,000 Combined total value = 538,530,000
Strike 69800 has a total call value of 0 versus a total put value of 502,370,000 Combined total value = 502,370,000
Strike 69900 has a total call value of 0 versus a total put value of 466,210,000 Combined total value = 466,210,000
Strike 70000 has a total call value of 0 versus a total put value of 430,050,000 Combined total value = 430,050,000
Strike 70100 has a total call value of 450,000 versus a total put value of 403,760,000 Combined total value = 404,210,000
Strike 70200 has a total call value of 900,000 versus a total put value of 377,470,000 Combined total value = 378,370,000
Strike 70300 has a total call value of 1,350,000 versus a total put value of 351,180,000 Combined total value = 352,530,000
Strike 70400 has a total call value of 1,800,000 versus a total put value of 324,890,000 Combined total value = 326,690,000
Strike 70500 has a total call value of 2,250,000 versus a total put value of 298,600,000 Combined total value = 300,850,000
Strike 70600 has a total call value of 2,700,000 versus a total put value of 273,150,000 Combined total value = 275,850,000
Strike 70700 has a total call value of 3,150,000 versus a total put value of 247,700,000 Combined total value = 250,850,000
Strike 70800 has a total call value of 3,600,000 versus a total put value of 222,250,000 Combined total value = 225,850,000
Strike 70900 has a total call value of 4,050,000 versus a total put value of 196,800,000 Combined total value = 200,850,000
Strike 71000 has a total call value of 4,500,000 versus a total put value of 171,350,000 Combined total value = 175,850,000
Strike 71100 has a total call value of 6,170,000 versus a total put value of 156,600,000 Combined total value = 162,770,000
Strike 71200 has a total call value of 7,840,000 versus a total put value of 141,850,000 Combined total value = 149,690,000
Strike 71300 has a total call value of 9,510,000 versus a total put value of 127,100,000 Combined total value = 136,610,000
Strike 71400 has a total call value of 11,180,000 versus a total put value of 112,350,000 Combined total value = 123,530,000
Strike 71500 has a total call value of 12,850,000 versus a total put value of 97,600,000 Combined total value = 110,450,000
Strike 71600 has a total call value of 15,140,000 versus a total put value of 85,010,000 Combined total value = 100,150,000
Strike 71700 has a total call value of 17,430,000 versus a total put value of 72,420,000 Combined total value = 89,850,000
Strike 71800 has a total call value of 19,720,000 versus a total put value of 59,830,000 Combined total value = 79,550,000
Strike 71900 has a total call value of 22,010,000 versus a total put value of 47,240,000 Combined total value = 69,250,000
Strike 72000 has a total call value of 24,300,000 versus a total put value of 34,650,000 Combined total value = 58,950,000
Strike 72100 has a total call value of 32,290,000 versus a total put value of 31,020,000 Combined total value = 63,310,000
Strike 72200 has a total call value of 40,280,000 versus a total put value of 27,390,000 Combined total value = 67,670,000
Strike 72300 has a total call value of 48,270,000 versus a total put value of 23,760,000 Combined total value = 72,030,000
Strike 72400 has a total call value of 56,260,000 versus a total put value of 20,130,000 Combined total value = 76,390,000
Strike 72500 has a total call value of 64,250,000 versus a total put value of 16,500,000 Combined total value = 80,750,000
Strike 72600 has a total call value of 73,210,000 versus a total put value of 13,200,000 Combined total value = 86,410,000
Strike 72700 has a total call value of 82,170,000 versus a total put value of 9,900,000 Combined total value = 92,070,000
Strike 72800 has a total call value of 91,130,000 versus a total put value of 6,600,000 Combined total value = 97,730,000
Strike 72900 has a total call value of 100,090,000 versus a total put value of 3,300,000 Combined total value = 103,390,000
Strike 73000 has a total call value of 109,050,000 versus a total put value of 0 Combined total value = 109,050,000
Strike 73100 has a total call value of 125,120,000 versus a total put value of 0 Combined total value = 125,120,000
Strike 73200 has a total call value of 141,190,000 versus a total put value of 0 Combined total value = 141,190,000
Strike 73300 has a total call value of 157,260,000 versus a total put value of 0 Combined total value = 157,260,000
Strike 73400 has a total call value of 173,330,000 versus a total put value of 0 Combined total value = 173,330,000
Strike 73500 has a total call value of 189,400,000 versus a total put value of 0 Combined total value = 189,400,000
Strike 73600 has a total call value of 206,300,000 versus a total put value of 0 Combined total value = 206,300,000
Strike 73700 has a total call value of 223,200,000 versus a total put value of 0 Combined total value = 223,200,000
Strike 73800 has a total call value of 240,100,000 versus a total put value of 0 Combined total value = 240,100,000
Strike 73900 has a total call value of 257,000,000 versus a total put value of 0 Combined total value = 257,000,000
Strike 74000 has a total call value of 273,900,000 versus a total put value of 0 Combined total value = 273,900,000
Strike 74100 has a total call value of 300,090,000 versus a total put value of 0 Combined total value = 300,090,000
Strike 74200 has a total call value of 326,280,000 versus a total put value of 0 Combined total value = 326,280,000
Strike 74300 has a total call value of 352,470,000 versus a total put value of 0 Combined total value = 352,470,000
Strike 74400 has a total call value of 378,660,000 versus a total put value of 0 Combined total value = 378,660,000
Strike 74500 has a total call value of 404,850,000 versus a total put value of 0 Combined total value = 404,850,000
Strike 74600 has a total call value of 432,070,000 versus a total put value of 0 Combined total value = 432,070,000
Strike 74700 has a total call value of 459,290,000 versus a total put value of 0 Combined total value = 459,290,000
Strike 74800 has a total call value of 486,510,000 versus a total put value of 0 Combined total value = 486,510,000
Strike 74900 has a total call value of 513,730,000 versus a total put value of 0 Combined total value = 513,730,000
Strike 75000 has a total call value of 540,950,000 versus a total put value of 0 Combined total value = 540,950,000
Strike 75100 has a total call value of 578,540,000 versus a total put value of 0 Combined total value = 578,540,000
Strike 75200 has a total call value of 616,130,000 versus a total put value of 0 Combined total value = 616,130,000
Strike 75300 has a total call value of 653,720,000 versus a total put value of 0 Combined total value = 653,720,000
Strike 75400 has a total call value of 691,310,000 versus a total put value of 0 Combined total value = 691,310,000
Strike 75500 has a total call value of 728,900,000 versus a total put value of 0 Combined total value = 728,900,000
Strike 75600 has a total call value of 766,490,000 versus a total put value of 0 Combined total value = 766,490,000
Strike 75700 has a total call value of 804,080,000 versus a total put value of 0 Combined total value = 804,080,000
Strike 75800 has a total call value of 841,670,000 versus a total put value of 0 Combined total value = 841,670,000
Strike 75900 has a total call value of 879,260,000 versus a total put value of 0 Combined total value = 879,260,000
Strike 76000 has a total call value of 916,850,000 versus a total put value of 0 Combined total value = 916,850,000
Strike 76100 has a total call value of 957,580,000 versus a total put value of 0 Combined total value = 957,580,000
Strike 76200 has a total call value of 998,310,000 versus a total put value of 0 Combined total value = 998,310,000
Strike 76300 has a total call value of 1,039,040,000 versus a total put value of 0 Combined total value = 1,039,040,000
Strike 76400 has a total call value of 1,079,770,000 versus a total put value of 0 Combined total value = 1,079,770,000
Strike 76500 has a total call value of 1,120,500,000 versus a total put value of 0 Combined total value = 1,120,500,000
Strike 76600 has a total call value of 1,161,230,000 versus a total put value of 0 Combined total value = 1,161,230,000
Strike 76700 has a total call value of 1,201,960,000 versus a total put value of 0 Combined total value = 1,201,960,000
Strike 76800 has a total call value of 1,242,690,000 versus a total put value of 0 Combined total value = 1,242,690,000
Strike 76900 has a total call value of 1,283,420,000 versus a total put value of 0 Combined total value = 1,283,420,000
Strike 77000 has a total call value of 1,324,150,000 versus a total put value of 0 Combined total value = 1,324,150,000
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.