GOLDM
Gold Mini
Max pain for GOLDM
04 Jul 2024 12:13 PM IST
Max Pain for GOLDM is 72000
Strike 69000 has a total call value of 0 versus a total put value of 101,690,000,000 Combined total value = 101,690,000,000
Strike 69100 has a total call value of 0 versus a total put value of 97,138,000,000 Combined total value = 97,138,000,000
Strike 69200 has a total call value of 0 versus a total put value of 92,586,000,000 Combined total value = 92,586,000,000
Strike 69300 has a total call value of 0 versus a total put value of 88,034,000,000 Combined total value = 88,034,000,000
Strike 69400 has a total call value of 0 versus a total put value of 83,482,000,000 Combined total value = 83,482,000,000
Strike 69500 has a total call value of 0 versus a total put value of 78,930,000,000 Combined total value = 78,930,000,000
Strike 69600 has a total call value of 0 versus a total put value of 74,378,000,000 Combined total value = 74,378,000,000
Strike 69700 has a total call value of 0 versus a total put value of 69,826,000,000 Combined total value = 69,826,000,000
Strike 69800 has a total call value of 0 versus a total put value of 65,274,000,000 Combined total value = 65,274,000,000
Strike 69900 has a total call value of 0 versus a total put value of 60,722,000,000 Combined total value = 60,722,000,000
Strike 70000 has a total call value of 0 versus a total put value of 56,170,000,000 Combined total value = 56,170,000,000
Strike 70100 has a total call value of 115,000,000 versus a total put value of 52,572,000,000 Combined total value = 52,687,000,000
Strike 70200 has a total call value of 230,000,000 versus a total put value of 48,974,000,000 Combined total value = 49,204,000,000
Strike 70300 has a total call value of 345,000,000 versus a total put value of 45,376,000,000 Combined total value = 45,721,000,000
Strike 70400 has a total call value of 460,000,000 versus a total put value of 41,778,000,000 Combined total value = 42,238,000,000
Strike 70500 has a total call value of 575,000,000 versus a total put value of 38,180,000,000 Combined total value = 38,755,000,000
Strike 70600 has a total call value of 690,000,000 versus a total put value of 34,659,000,000 Combined total value = 35,349,000,000
Strike 70700 has a total call value of 805,000,000 versus a total put value of 31,138,000,000 Combined total value = 31,943,000,000
Strike 70800 has a total call value of 920,000,000 versus a total put value of 27,617,000,000 Combined total value = 28,537,000,000
Strike 70900 has a total call value of 1,035,000,000 versus a total put value of 24,096,000,000 Combined total value = 25,131,000,000
Strike 71000 has a total call value of 1,150,000,000 versus a total put value of 20,575,000,000 Combined total value = 21,725,000,000
Strike 71100 has a total call value of 1,606,000,000 versus a total put value of 18,658,000,000 Combined total value = 20,264,000,000
Strike 71200 has a total call value of 2,062,000,000 versus a total put value of 16,741,000,000 Combined total value = 18,803,000,000
Strike 71300 has a total call value of 2,518,000,000 versus a total put value of 14,824,000,000 Combined total value = 17,342,000,000
Strike 71400 has a total call value of 2,974,000,000 versus a total put value of 12,907,000,000 Combined total value = 15,881,000,000
Strike 71500 has a total call value of 3,430,000,000 versus a total put value of 10,990,000,000 Combined total value = 14,420,000,000
Strike 71600 has a total call value of 4,054,000,000 versus a total put value of 9,533,000,000 Combined total value = 13,587,000,000
Strike 71700 has a total call value of 4,678,000,000 versus a total put value of 8,076,000,000 Combined total value = 12,754,000,000
Strike 71800 has a total call value of 5,302,000,000 versus a total put value of 6,619,000,000 Combined total value = 11,921,000,000
Strike 71900 has a total call value of 5,926,000,000 versus a total put value of 5,162,000,000 Combined total value = 11,088,000,000
Strike 72000 has a total call value of 6,550,000,000 versus a total put value of 3,705,000,000 Combined total value = 10,255,000,000
Strike 72100 has a total call value of 8,251,000,000 versus a total put value of 3,331,000,000 Combined total value = 11,582,000,000
Strike 72200 has a total call value of 9,952,000,000 versus a total put value of 2,957,000,000 Combined total value = 12,909,000,000
Strike 72300 has a total call value of 11,653,000,000 versus a total put value of 2,583,000,000 Combined total value = 14,236,000,000
Strike 72400 has a total call value of 13,354,000,000 versus a total put value of 2,209,000,000 Combined total value = 15,563,000,000
Strike 72500 has a total call value of 15,055,000,000 versus a total put value of 1,835,000,000 Combined total value = 16,890,000,000
Strike 72600 has a total call value of 16,888,000,000 versus a total put value of 1,468,000,000 Combined total value = 18,356,000,000
Strike 72700 has a total call value of 18,721,000,000 versus a total put value of 1,101,000,000 Combined total value = 19,822,000,000
Strike 72800 has a total call value of 20,554,000,000 versus a total put value of 734,000,000 Combined total value = 21,288,000,000
Strike 72900 has a total call value of 22,387,000,000 versus a total put value of 367,000,000 Combined total value = 22,754,000,000
Strike 73000 has a total call value of 24,220,000,000 versus a total put value of 0 Combined total value = 24,220,000,000
Strike 73100 has a total call value of 27,333,000,000 versus a total put value of 0 Combined total value = 27,333,000,000
Strike 73200 has a total call value of 30,446,000,000 versus a total put value of 0 Combined total value = 30,446,000,000
Strike 73300 has a total call value of 33,559,000,000 versus a total put value of 0 Combined total value = 33,559,000,000
Strike 73400 has a total call value of 36,672,000,000 versus a total put value of 0 Combined total value = 36,672,000,000
Strike 73500 has a total call value of 39,785,000,000 versus a total put value of 0 Combined total value = 39,785,000,000
Strike 73600 has a total call value of 42,898,000,000 versus a total put value of 0 Combined total value = 42,898,000,000
Strike 73700 has a total call value of 46,011,000,000 versus a total put value of 0 Combined total value = 46,011,000,000
Strike 73800 has a total call value of 49,124,000,000 versus a total put value of 0 Combined total value = 49,124,000,000
Strike 73900 has a total call value of 52,237,000,000 versus a total put value of 0 Combined total value = 52,237,000,000
Strike 74000 has a total call value of 55,350,000,000 versus a total put value of 0 Combined total value = 55,350,000,000
Strike 74100 has a total call value of 59,157,000,000 versus a total put value of 0 Combined total value = 59,157,000,000
Strike 74200 has a total call value of 62,964,000,000 versus a total put value of 0 Combined total value = 62,964,000,000
Strike 74300 has a total call value of 66,771,000,000 versus a total put value of 0 Combined total value = 66,771,000,000
Strike 74400 has a total call value of 70,578,000,000 versus a total put value of 0 Combined total value = 70,578,000,000
Strike 74500 has a total call value of 74,385,000,000 versus a total put value of 0 Combined total value = 74,385,000,000
Strike 74600 has a total call value of 78,192,000,000 versus a total put value of 0 Combined total value = 78,192,000,000
Strike 74700 has a total call value of 81,999,000,000 versus a total put value of 0 Combined total value = 81,999,000,000
Strike 74800 has a total call value of 85,806,000,000 versus a total put value of 0 Combined total value = 85,806,000,000
Strike 74900 has a total call value of 89,613,000,000 versus a total put value of 0 Combined total value = 89,613,000,000
Strike 75000 has a total call value of 93,420,000,000 versus a total put value of 0 Combined total value = 93,420,000,000
Strike 75100 has a total call value of 97,658,000,000 versus a total put value of 0 Combined total value = 97,658,000,000
Strike 75200 has a total call value of 101,896,000,000 versus a total put value of 0 Combined total value = 101,896,000,000
Strike 75300 has a total call value of 106,134,000,000 versus a total put value of 0 Combined total value = 106,134,000,000
Strike 75400 has a total call value of 110,372,000,000 versus a total put value of 0 Combined total value = 110,372,000,000
Strike 75500 has a total call value of 114,610,000,000 versus a total put value of 0 Combined total value = 114,610,000,000
Strike 75600 has a total call value of 118,848,000,000 versus a total put value of 0 Combined total value = 118,848,000,000
Strike 75700 has a total call value of 123,086,000,000 versus a total put value of 0 Combined total value = 123,086,000,000
Strike 75800 has a total call value of 127,324,000,000 versus a total put value of 0 Combined total value = 127,324,000,000
Strike 75900 has a total call value of 131,562,000,000 versus a total put value of 0 Combined total value = 131,562,000,000
Strike 76000 has a total call value of 135,800,000,000 versus a total put value of 0 Combined total value = 135,800,000,000
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.