GOLDM
Gold Mini
Max pain for GOLDM
29 Oct 2024 09:20 PM IST
Max Pain for GOLDM is 78000
Strike 70000 has a total call value of 0 versus a total put value of 371,711,000,000 Combined total value = 371,711,000,000
Strike 70100 has a total call value of 0 versus a total put value of 365,995,000,000 Combined total value = 365,995,000,000
Strike 70200 has a total call value of 0 versus a total put value of 360,279,000,000 Combined total value = 360,279,000,000
Strike 70300 has a total call value of 0 versus a total put value of 354,563,000,000 Combined total value = 354,563,000,000
Strike 70400 has a total call value of 0 versus a total put value of 348,847,000,000 Combined total value = 348,847,000,000
Strike 70500 has a total call value of 0 versus a total put value of 343,131,000,000 Combined total value = 343,131,000,000
Strike 70600 has a total call value of 0 versus a total put value of 337,415,000,000 Combined total value = 337,415,000,000
Strike 70700 has a total call value of 0 versus a total put value of 331,699,000,000 Combined total value = 331,699,000,000
Strike 70800 has a total call value of 0 versus a total put value of 325,983,000,000 Combined total value = 325,983,000,000
Strike 70900 has a total call value of 0 versus a total put value of 320,267,000,000 Combined total value = 320,267,000,000
Strike 71000 has a total call value of 0 versus a total put value of 314,551,000,000 Combined total value = 314,551,000,000
Strike 71100 has a total call value of 0 versus a total put value of 308,835,000,000 Combined total value = 308,835,000,000
Strike 71200 has a total call value of 0 versus a total put value of 303,119,000,000 Combined total value = 303,119,000,000
Strike 71300 has a total call value of 0 versus a total put value of 297,403,000,000 Combined total value = 297,403,000,000
Strike 71400 has a total call value of 0 versus a total put value of 291,687,000,000 Combined total value = 291,687,000,000
Strike 71500 has a total call value of 0 versus a total put value of 285,971,000,000 Combined total value = 285,971,000,000
Strike 71600 has a total call value of 0 versus a total put value of 280,255,000,000 Combined total value = 280,255,000,000
Strike 71700 has a total call value of 0 versus a total put value of 274,539,000,000 Combined total value = 274,539,000,000
Strike 71800 has a total call value of 0 versus a total put value of 268,823,000,000 Combined total value = 268,823,000,000
Strike 71900 has a total call value of 0 versus a total put value of 263,107,000,000 Combined total value = 263,107,000,000
Strike 72000 has a total call value of 0 versus a total put value of 257,391,000,000 Combined total value = 257,391,000,000
Strike 72100 has a total call value of 0 versus a total put value of 251,699,000,000 Combined total value = 251,699,000,000
Strike 72200 has a total call value of 0 versus a total put value of 246,007,000,000 Combined total value = 246,007,000,000
Strike 72300 has a total call value of 0 versus a total put value of 240,315,000,000 Combined total value = 240,315,000,000
Strike 72400 has a total call value of 0 versus a total put value of 234,623,000,000 Combined total value = 234,623,000,000
Strike 72500 has a total call value of 0 versus a total put value of 228,931,000,000 Combined total value = 228,931,000,000
Strike 72600 has a total call value of 0 versus a total put value of 223,239,000,000 Combined total value = 223,239,000,000
Strike 72700 has a total call value of 0 versus a total put value of 217,547,000,000 Combined total value = 217,547,000,000
Strike 72800 has a total call value of 0 versus a total put value of 211,855,000,000 Combined total value = 211,855,000,000
Strike 72900 has a total call value of 0 versus a total put value of 206,163,000,000 Combined total value = 206,163,000,000
Strike 73000 has a total call value of 0 versus a total put value of 200,471,000,000 Combined total value = 200,471,000,000
Strike 73100 has a total call value of 0 versus a total put value of 194,935,000,000 Combined total value = 194,935,000,000
Strike 73200 has a total call value of 0 versus a total put value of 189,399,000,000 Combined total value = 189,399,000,000
Strike 73300 has a total call value of 0 versus a total put value of 183,863,000,000 Combined total value = 183,863,000,000
Strike 73400 has a total call value of 0 versus a total put value of 178,327,000,000 Combined total value = 178,327,000,000
Strike 73500 has a total call value of 0 versus a total put value of 172,791,000,000 Combined total value = 172,791,000,000
Strike 73600 has a total call value of 0 versus a total put value of 167,255,000,000 Combined total value = 167,255,000,000
Strike 73700 has a total call value of 0 versus a total put value of 161,719,000,000 Combined total value = 161,719,000,000
Strike 73800 has a total call value of 0 versus a total put value of 156,183,000,000 Combined total value = 156,183,000,000
Strike 73900 has a total call value of 0 versus a total put value of 150,647,000,000 Combined total value = 150,647,000,000
Strike 74000 has a total call value of 0 versus a total put value of 145,111,000,000 Combined total value = 145,111,000,000
Strike 74100 has a total call value of 0 versus a total put value of 139,778,000,000 Combined total value = 139,778,000,000
Strike 74200 has a total call value of 0 versus a total put value of 134,445,000,000 Combined total value = 134,445,000,000
Strike 74300 has a total call value of 0 versus a total put value of 129,112,000,000 Combined total value = 129,112,000,000
Strike 74400 has a total call value of 0 versus a total put value of 123,779,000,000 Combined total value = 123,779,000,000
Strike 74500 has a total call value of 0 versus a total put value of 118,446,000,000 Combined total value = 118,446,000,000
Strike 74600 has a total call value of 0 versus a total put value of 113,113,000,000 Combined total value = 113,113,000,000
Strike 74700 has a total call value of 0 versus a total put value of 107,780,000,000 Combined total value = 107,780,000,000
Strike 74800 has a total call value of 0 versus a total put value of 102,447,000,000 Combined total value = 102,447,000,000
Strike 74900 has a total call value of 0 versus a total put value of 97,114,000,000 Combined total value = 97,114,000,000
Strike 75000 has a total call value of 0 versus a total put value of 91,781,000,000 Combined total value = 91,781,000,000
Strike 75100 has a total call value of 284,000,000 versus a total put value of 87,988,000,000 Combined total value = 88,272,000,000
Strike 75200 has a total call value of 568,000,000 versus a total put value of 84,195,000,000 Combined total value = 84,763,000,000
Strike 75300 has a total call value of 852,000,000 versus a total put value of 80,402,000,000 Combined total value = 81,254,000,000
Strike 75400 has a total call value of 1,136,000,000 versus a total put value of 76,609,000,000 Combined total value = 77,745,000,000
Strike 75500 has a total call value of 1,420,000,000 versus a total put value of 72,816,000,000 Combined total value = 74,236,000,000
Strike 75600 has a total call value of 1,704,000,000 versus a total put value of 69,023,000,000 Combined total value = 70,727,000,000
Strike 75700 has a total call value of 1,988,000,000 versus a total put value of 65,230,000,000 Combined total value = 67,218,000,000
Strike 75800 has a total call value of 2,272,000,000 versus a total put value of 61,437,000,000 Combined total value = 63,709,000,000
Strike 75900 has a total call value of 2,556,000,000 versus a total put value of 57,644,000,000 Combined total value = 60,200,000,000
Strike 76000 has a total call value of 2,840,000,000 versus a total put value of 53,851,000,000 Combined total value = 56,691,000,000
Strike 76100 has a total call value of 3,334,000,000 versus a total put value of 50,700,000,000 Combined total value = 54,034,000,000
Strike 76200 has a total call value of 3,828,000,000 versus a total put value of 47,549,000,000 Combined total value = 51,377,000,000
Strike 76300 has a total call value of 4,322,000,000 versus a total put value of 44,398,000,000 Combined total value = 48,720,000,000
Strike 76400 has a total call value of 4,816,000,000 versus a total put value of 41,247,000,000 Combined total value = 46,063,000,000
Strike 76500 has a total call value of 5,310,000,000 versus a total put value of 38,096,000,000 Combined total value = 43,406,000,000
Strike 76600 has a total call value of 5,804,000,000 versus a total put value of 34,945,000,000 Combined total value = 40,749,000,000
Strike 76700 has a total call value of 6,298,000,000 versus a total put value of 31,794,000,000 Combined total value = 38,092,000,000
Strike 76800 has a total call value of 6,792,000,000 versus a total put value of 28,643,000,000 Combined total value = 35,435,000,000
Strike 76900 has a total call value of 7,286,000,000 versus a total put value of 25,492,000,000 Combined total value = 32,778,000,000
Strike 77000 has a total call value of 7,780,000,000 versus a total put value of 22,341,000,000 Combined total value = 30,121,000,000
Strike 77100 has a total call value of 8,672,000,000 versus a total put value of 20,439,000,000 Combined total value = 29,111,000,000
Strike 77200 has a total call value of 9,564,000,000 versus a total put value of 18,537,000,000 Combined total value = 28,101,000,000
Strike 77300 has a total call value of 10,456,000,000 versus a total put value of 16,635,000,000 Combined total value = 27,091,000,000
Strike 77400 has a total call value of 11,348,000,000 versus a total put value of 14,733,000,000 Combined total value = 26,081,000,000
Strike 77500 has a total call value of 12,240,000,000 versus a total put value of 12,831,000,000 Combined total value = 25,071,000,000
Strike 77600 has a total call value of 13,149,000,000 versus a total put value of 11,075,000,000 Combined total value = 24,224,000,000
Strike 77700 has a total call value of 14,058,000,000 versus a total put value of 9,319,000,000 Combined total value = 23,377,000,000
Strike 77800 has a total call value of 14,967,000,000 versus a total put value of 7,563,000,000 Combined total value = 22,530,000,000
Strike 77900 has a total call value of 15,876,000,000 versus a total put value of 5,807,000,000 Combined total value = 21,683,000,000
Strike 78000 has a total call value of 16,785,000,000 versus a total put value of 4,051,000,000 Combined total value = 20,836,000,000
Strike 78100 has a total call value of 18,705,000,000 versus a total put value of 3,635,000,000 Combined total value = 22,340,000,000
Strike 78200 has a total call value of 20,625,000,000 versus a total put value of 3,219,000,000 Combined total value = 23,844,000,000
Strike 78300 has a total call value of 22,545,000,000 versus a total put value of 2,803,000,000 Combined total value = 25,348,000,000
Strike 78400 has a total call value of 24,465,000,000 versus a total put value of 2,387,000,000 Combined total value = 26,852,000,000
Strike 78500 has a total call value of 26,385,000,000 versus a total put value of 1,971,000,000 Combined total value = 28,356,000,000
Strike 78600 has a total call value of 28,451,000,000 versus a total put value of 1,626,000,000 Combined total value = 30,077,000,000
Strike 78700 has a total call value of 30,517,000,000 versus a total put value of 1,288,000,000 Combined total value = 31,805,000,000
Strike 78800 has a total call value of 32,583,000,000 versus a total put value of 950,000,000 Combined total value = 33,533,000,000
Strike 78900 has a total call value of 34,649,000,000 versus a total put value of 615,000,000 Combined total value = 35,264,000,000
Strike 79000 has a total call value of 36,715,000,000 versus a total put value of 280,000,000 Combined total value = 36,995,000,000
Strike 79100 has a total call value of 39,771,000,000 versus a total put value of 252,000,000 Combined total value = 40,023,000,000
Strike 79200 has a total call value of 42,827,000,000 versus a total put value of 224,000,000 Combined total value = 43,051,000,000
Strike 79300 has a total call value of 45,883,000,000 versus a total put value of 196,000,000 Combined total value = 46,079,000,000
Strike 79400 has a total call value of 48,939,000,000 versus a total put value of 168,000,000 Combined total value = 49,107,000,000
Strike 79500 has a total call value of 51,995,000,000 versus a total put value of 140,000,000 Combined total value = 52,135,000,000
Strike 79600 has a total call value of 55,139,000,000 versus a total put value of 112,000,000 Combined total value = 55,251,000,000
Strike 79700 has a total call value of 58,285,000,000 versus a total put value of 84,000,000 Combined total value = 58,369,000,000
Strike 79800 has a total call value of 61,431,000,000 versus a total put value of 56,000,000 Combined total value = 61,487,000,000
Strike 79900 has a total call value of 64,577,000,000 versus a total put value of 28,000,000 Combined total value = 64,605,000,000
Strike 80000 has a total call value of 67,723,000,000 versus a total put value of 0 Combined total value = 67,723,000,000
Strike 80100 has a total call value of 71,911,000,000 versus a total put value of 0 Combined total value = 71,911,000,000
Strike 80200 has a total call value of 76,099,000,000 versus a total put value of 0 Combined total value = 76,099,000,000
Strike 80300 has a total call value of 80,287,000,000 versus a total put value of 0 Combined total value = 80,287,000,000
Strike 80400 has a total call value of 84,475,000,000 versus a total put value of 0 Combined total value = 84,475,000,000
Strike 80500 has a total call value of 88,663,000,000 versus a total put value of 0 Combined total value = 88,663,000,000
Strike 80600 has a total call value of 92,893,000,000 versus a total put value of 0 Combined total value = 92,893,000,000
Strike 80700 has a total call value of 97,123,000,000 versus a total put value of 0 Combined total value = 97,123,000,000
Strike 80800 has a total call value of 101,353,000,000 versus a total put value of 0 Combined total value = 101,353,000,000
Strike 80900 has a total call value of 105,583,000,000 versus a total put value of 0 Combined total value = 105,583,000,000
Strike 81000 has a total call value of 109,813,000,000 versus a total put value of 0 Combined total value = 109,813,000,000
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.