NATURALGAS Max Pain Today

Updated 22:19

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

310max pain for 20 Nov · NATURALGAS futures 311, 1 points aboveLive

Expiry20 Nov 8d 23 Dec 41d

In plain words: If NATURALGAS futures settles at 310 on 20 Nov, option buyers together get the least, which is why some traders expect prices to drift towards it near expiry. Max pain moved between 300 and 310 today, from 300 at the open.

Max pain

310

20 Nov expiry

NATURALGAS futures

311.00

at 22:19

NATURALGAS futures vs max pain

+1 pts

above max pain

At the open

300

range 300 – 310

PCR (OI)

1.07

from 1.01

Days to expiry

Fri, 20 Nov

Pain at each expiry price

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

Calls in the moneyPuts in the moneyMax painNATURALGAS futures now

Through the day

max pain and NATURALGAS futures, minute by minute

Max painNATURALGAS futures

Max pain by expiry

each expiry has its own

Expiry	Days left	Max pain	vs NATURALGAS futures	PCR
20 Nov	8	310	−1	1.07
23 Dec	41	330	+19	0.99

On expiry day

where NATURALGAS futures closed against max pain

No expiry day recorded yet for NATURALGAS.

Grows with every expiry we record.

Daily history

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

Day	Expiry	Max pain	NATURALGAS futures	Gap
Thu, 12 Nov	20 Nov	310 ▲ 10	311.00	+1 pts
Wed, 11 Nov	20 Nov	300	306.10	+6 pts
Tue, 10 Nov	20 Nov	300 ▲ 10	310.50	+11 pts
Mon, 9 Nov	20 Nov	290 ▲ 5	301.80	+12 pts
Fri, 6 Nov	20 Nov	285	282.60	−2 pts
Thu, 5 Nov	20 Nov	285	282.00	−3 pts
Wed, 4 Nov	20 Nov	285	283.20	−2 pts
Tue, 3 Nov	20 Nov	285	275.00	−10 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 NATURALGAS max pain today?

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