(GLL)
Max Pain By Strike
GLL trades at $21.71, 8.6% above the near-term max pain of $20 expiring Sep 19, 2025 (24 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$26), signaling increased put positioning or downside protection.
Max Pain By Expiry
Max pain for GLL shows a downward trend from 26 to 20, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Levels distributed around 21.71. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 20 | -1.71 (-7.88%) |
| Oct 17, 2025 | 21 | -0.71 (-3.27%) |
| Jan 16, 2026 | 22 | 0.29 (1.34%) |
| Apr 17, 2026 | 26 | 4.29 (19.76%) |