GOLD Max Pain Today

Updated 22:29

The strike where GOLD 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 GOLD futures settled on past expiry days.

1,40,000max pain for 31 Dec · GOLD futures 1,36,212, 3,788 points belowLive

Expiry27 Nov 15d 31 Dec 49d

In plain words: If GOLD futures settles at 1,40,000 on 31 Dec, option buyers together get the least, which is why some traders expect prices to drift towards it near expiry. Max pain moved between 1,31,500 and 1,40,000 today, from 1,40,000 at the open.

Max pain

1,40,000

31 Dec expiry

GOLD futures

1,36,212.00

at 22:29

GOLD futures vs max pain

−3,788 pts

below max pain

At the open

1,40,000

range 1,31,500 – 1,40,000

PCR (OI)

–

Days to expiry

Thu, 31 Dec

Pain at each expiry price

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

Calls in the moneyPuts in the moneyMax painGOLD futures now

Through the day

max pain and GOLD futures, minute by minute

Max painGOLD futures

Max pain by expiry

each expiry has its own

Expiry	Days left	Max pain	vs GOLD futures	PCR
27 Nov	15	1,39,000	+2,788	1.11
31 Dec	49	1,40,000	+3,788	–

On expiry day

where GOLD futures closed against max pain

No expiry day recorded yet for GOLD.

Grows with every expiry we record.

Daily history

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

Day	Expiry	Max pain	GOLD futures	Gap
Thu, 12 Nov	27 Nov	1,39,000 ▼ 1,000	1,36,212.00	−2,788 pts
Wed, 11 Nov	27 Nov	1,40,000	1,39,709.00	−291 pts
Tue, 10 Nov	27 Nov	1,40,000 ▼ 1,000	1,40,650.00	+650 pts
Mon, 9 Nov	27 Nov	1,41,000 ▲ 1,000	1,43,106.00	+2,106 pts
Fri, 6 Nov	27 Nov	1,40,000 ▼ 2,000	1,42,099.00	+2,099 pts
Thu, 5 Nov	27 Nov	1,42,000 ▲ 2,000	1,44,300.00	+2,300 pts
Wed, 4 Nov	27 Nov	1,40,000	1,43,201.00	+3,201 pts
Tue, 3 Nov	27 Nov	1,40,000	1,39,430.00	−570 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 GOLD max pain today?

It is shown at the top of this page for each GOLD 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 GOLD 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.