GOLDM
Gold Mini
Max pain for GOLDM
28 Jun 2024 11:40 PM IST
Max Pain for GOLDM is 72000
Strike 68500 has a total call value of 0 versus a total put value of 55,238,000,000 Combined total value = 55,238,000,000
Strike 68600 has a total call value of 0 versus a total put value of 52,881,000,000 Combined total value = 52,881,000,000
Strike 68700 has a total call value of 0 versus a total put value of 50,524,000,000 Combined total value = 50,524,000,000
Strike 68800 has a total call value of 0 versus a total put value of 48,167,000,000 Combined total value = 48,167,000,000
Strike 68900 has a total call value of 0 versus a total put value of 45,810,000,000 Combined total value = 45,810,000,000
Strike 69000 has a total call value of 0 versus a total put value of 43,453,000,000 Combined total value = 43,453,000,000
Strike 69100 has a total call value of 0 versus a total put value of 41,310,000,000 Combined total value = 41,310,000,000
Strike 69200 has a total call value of 0 versus a total put value of 39,167,000,000 Combined total value = 39,167,000,000
Strike 69300 has a total call value of 0 versus a total put value of 37,024,000,000 Combined total value = 37,024,000,000
Strike 69400 has a total call value of 0 versus a total put value of 34,881,000,000 Combined total value = 34,881,000,000
Strike 69500 has a total call value of 0 versus a total put value of 32,738,000,000 Combined total value = 32,738,000,000
Strike 69600 has a total call value of 0 versus a total put value of 30,595,000,000 Combined total value = 30,595,000,000
Strike 69700 has a total call value of 0 versus a total put value of 28,452,000,000 Combined total value = 28,452,000,000
Strike 69800 has a total call value of 0 versus a total put value of 26,309,000,000 Combined total value = 26,309,000,000
Strike 69900 has a total call value of 0 versus a total put value of 24,166,000,000 Combined total value = 24,166,000,000
Strike 70000 has a total call value of 0 versus a total put value of 22,023,000,000 Combined total value = 22,023,000,000
Strike 70100 has a total call value of 90,000,000 versus a total put value of 20,529,000,000 Combined total value = 20,619,000,000
Strike 70200 has a total call value of 180,000,000 versus a total put value of 19,035,000,000 Combined total value = 19,215,000,000
Strike 70300 has a total call value of 270,000,000 versus a total put value of 17,541,000,000 Combined total value = 17,811,000,000
Strike 70400 has a total call value of 360,000,000 versus a total put value of 16,047,000,000 Combined total value = 16,407,000,000
Strike 70500 has a total call value of 450,000,000 versus a total put value of 14,553,000,000 Combined total value = 15,003,000,000
Strike 70600 has a total call value of 540,000,000 versus a total put value of 13,133,000,000 Combined total value = 13,673,000,000
Strike 70700 has a total call value of 630,000,000 versus a total put value of 11,713,000,000 Combined total value = 12,343,000,000
Strike 70800 has a total call value of 720,000,000 versus a total put value of 10,293,000,000 Combined total value = 11,013,000,000
Strike 70900 has a total call value of 810,000,000 versus a total put value of 8,873,000,000 Combined total value = 9,683,000,000
Strike 71000 has a total call value of 900,000,000 versus a total put value of 7,453,000,000 Combined total value = 8,353,000,000
Strike 71100 has a total call value of 1,289,000,000 versus a total put value of 6,817,000,000 Combined total value = 8,106,000,000
Strike 71200 has a total call value of 1,678,000,000 versus a total put value of 6,181,000,000 Combined total value = 7,859,000,000
Strike 71300 has a total call value of 2,067,000,000 versus a total put value of 5,545,000,000 Combined total value = 7,612,000,000
Strike 71400 has a total call value of 2,456,000,000 versus a total put value of 4,910,000,000 Combined total value = 7,366,000,000
Strike 71500 has a total call value of 2,847,000,000 versus a total put value of 4,275,000,000 Combined total value = 7,122,000,000
Strike 71600 has a total call value of 3,398,000,000 versus a total put value of 3,722,000,000 Combined total value = 7,120,000,000
Strike 71700 has a total call value of 3,949,000,000 versus a total put value of 3,169,000,000 Combined total value = 7,118,000,000
Strike 71800 has a total call value of 4,500,000,000 versus a total put value of 2,616,000,000 Combined total value = 7,116,000,000
Strike 71900 has a total call value of 5,051,000,000 versus a total put value of 2,063,000,000 Combined total value = 7,114,000,000
Strike 72000 has a total call value of 5,602,000,000 versus a total put value of 1,510,000,000 Combined total value = 7,112,000,000
Strike 72100 has a total call value of 7,303,000,000 versus a total put value of 1,359,000,000 Combined total value = 8,662,000,000
Strike 72200 has a total call value of 9,004,000,000 versus a total put value of 1,208,000,000 Combined total value = 10,212,000,000
Strike 72300 has a total call value of 10,705,000,000 versus a total put value of 1,057,000,000 Combined total value = 11,762,000,000
Strike 72400 has a total call value of 12,406,000,000 versus a total put value of 906,000,000 Combined total value = 13,312,000,000
Strike 72500 has a total call value of 14,107,000,000 versus a total put value of 755,000,000 Combined total value = 14,862,000,000
Strike 72600 has a total call value of 15,835,000,000 versus a total put value of 604,000,000 Combined total value = 16,439,000,000
Strike 72700 has a total call value of 17,563,000,000 versus a total put value of 453,000,000 Combined total value = 18,016,000,000
Strike 72800 has a total call value of 19,291,000,000 versus a total put value of 302,000,000 Combined total value = 19,593,000,000
Strike 72900 has a total call value of 21,019,000,000 versus a total put value of 151,000,000 Combined total value = 21,170,000,000
Strike 73000 has a total call value of 22,747,000,000 versus a total put value of 0 Combined total value = 22,747,000,000
Strike 73100 has a total call value of 25,338,000,000 versus a total put value of 0 Combined total value = 25,338,000,000
Strike 73200 has a total call value of 27,929,000,000 versus a total put value of 0 Combined total value = 27,929,000,000
Strike 73300 has a total call value of 30,520,000,000 versus a total put value of 0 Combined total value = 30,520,000,000
Strike 73400 has a total call value of 33,111,000,000 versus a total put value of 0 Combined total value = 33,111,000,000
Strike 73500 has a total call value of 35,702,000,000 versus a total put value of 0 Combined total value = 35,702,000,000
Strike 73600 has a total call value of 38,293,000,000 versus a total put value of 0 Combined total value = 38,293,000,000
Strike 73700 has a total call value of 40,884,000,000 versus a total put value of 0 Combined total value = 40,884,000,000
Strike 73800 has a total call value of 43,475,000,000 versus a total put value of 0 Combined total value = 43,475,000,000
Strike 73900 has a total call value of 46,066,000,000 versus a total put value of 0 Combined total value = 46,066,000,000
Strike 74000 has a total call value of 48,657,000,000 versus a total put value of 0 Combined total value = 48,657,000,000
Strike 74100 has a total call value of 51,729,000,000 versus a total put value of 0 Combined total value = 51,729,000,000
Strike 74200 has a total call value of 54,801,000,000 versus a total put value of 0 Combined total value = 54,801,000,000
Strike 74300 has a total call value of 57,873,000,000 versus a total put value of 0 Combined total value = 57,873,000,000
Strike 74400 has a total call value of 60,945,000,000 versus a total put value of 0 Combined total value = 60,945,000,000
Strike 74500 has a total call value of 64,017,000,000 versus a total put value of 0 Combined total value = 64,017,000,000
Strike 74600 has a total call value of 67,089,000,000 versus a total put value of 0 Combined total value = 67,089,000,000
Strike 74700 has a total call value of 70,161,000,000 versus a total put value of 0 Combined total value = 70,161,000,000
Strike 74800 has a total call value of 73,233,000,000 versus a total put value of 0 Combined total value = 73,233,000,000
Strike 74900 has a total call value of 76,305,000,000 versus a total put value of 0 Combined total value = 76,305,000,000
Strike 75000 has a total call value of 79,377,000,000 versus a total put value of 0 Combined total value = 79,377,000,000
Strike 75100 has a total call value of 82,696,000,000 versus a total put value of 0 Combined total value = 82,696,000,000
Strike 75200 has a total call value of 86,015,000,000 versus a total put value of 0 Combined total value = 86,015,000,000
Strike 75300 has a total call value of 89,334,000,000 versus a total put value of 0 Combined total value = 89,334,000,000
Strike 75400 has a total call value of 92,653,000,000 versus a total put value of 0 Combined total value = 92,653,000,000
Strike 75500 has a total call value of 95,972,000,000 versus a total put value of 0 Combined total value = 95,972,000,000
Strike 75600 has a total call value of 99,291,000,000 versus a total put value of 0 Combined total value = 99,291,000,000
Strike 75700 has a total call value of 102,610,000,000 versus a total put value of 0 Combined total value = 102,610,000,000
Strike 75800 has a total call value of 105,929,000,000 versus a total put value of 0 Combined total value = 105,929,000,000
Strike 75900 has a total call value of 109,248,000,000 versus a total put value of 0 Combined total value = 109,248,000,000
Strike 76000 has a total call value of 112,567,000,000 versus a total put value of 0 Combined total value = 112,567,000,000
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.