COPPER Max Pain Today

Updated 22:29

The strike where COPPER option buyers as a whole would get the least at expiry, worked out every minute from our recorded open interest, for each expiry, with how it moved and how close COPPER futures settled on past expiry days.

1,320max pain for 23 Dec · COPPER futures 1,327, 7 points aboveLive

Expiry23 Nov 11d 23 Dec 41d

In plain words: If COPPER futures settles at 1,320 on 23 Dec, option buyers together get the least, which is why some traders expect prices to drift towards it near expiry. Max pain moved between 1,320 and 1,350 today, from 1,320 at the open.

Max pain

1,320

23 Dec expiry

COPPER futures

1,327.15

at 22:29

COPPER futures vs max pain

+7 pts

above max pain

At the open

1,320

range 1,320 – 1,350

PCR (OI)

0.25

from 0.33

Days to expiry

Wed, 23 Dec

Pain at each expiry price

what option buyers would be paid in total if COPPER futures settled there · the lowest is max pain · tap a bar

Calls in the moneyPuts in the moneyMax painCOPPER futures now

Through the day

max pain and COPPER futures, minute by minute

Max painCOPPER futures

Max pain by expiry

each expiry has its own

Expiry	Days left	Max pain	vs COPPER futures	PCR
23 Nov	11	1,350	+23	0.83
23 Dec	41	1,320	−7	0.25

On expiry day

where COPPER futures closed against max pain

No expiry day recorded yet for COPPER.

Grows with every expiry we record.

Daily history

max pain of the nearest expiry at each day's close

Day	Expiry	Max pain	COPPER futures	Gap
Thu, 12 Nov	23 Nov	1,350	1,327.15	−23 pts
Wed, 11 Nov	23 Nov	1,350 ▼ 10	1,342.00	−8 pts
Tue, 10 Nov	23 Nov	1,360	1,337.35	−23 pts
Mon, 9 Nov	23 Nov	1,360	1,351.95	−8 pts
Fri, 6 Nov	23 Nov	1,360 ▼ 10	1,339.60	−20 pts
Thu, 5 Nov	23 Nov	1,370 ▼ 10	1,351.45	−19 pts
Wed, 4 Nov	23 Nov	1,380	1,367.80	−12 pts
Tue, 3 Nov	23 Nov	1,380	1,365.40	−15 pts

Max pain for other symbols

NIFTY BANKNIFTY FINNIFTY MIDCPNIFTY SENSEX BANKEX CRUDEOIL NATURALGAS GOLD SILVER CRUDEOILM NATGASMINI GOLDM SILVERM COPPER ZINC

Information only, not investment advice.

What is COPPER max pain today?

It is shown at the top of this page for each COPPER expiry, worked out every minute from the open interest at every strike.

How is max pain calculated?

For each possible settlement price, add up what every open call and put would be worth at expiry (open interest × how far in the money). The price with the smallest total is max pain.

Does COPPER futures really close near max pain on expiry?

Sometimes, especially in quiet markets: option writers hold most open interest and gain most there. The table on this page shows how close it came on past expiry days. It is a tendency, not a rule; news can move prices far from it.

Why is max pain different for each expiry?

Each expiry has its own open interest at each strike, so each has its own max pain.

How often is it updated?

Every minute during market hours, from our recorded option chains. After the close the page shows the day's final reading.