Sandstorm Gold Ltd. (SAND)
Sandstorm Gold Max Pain By Strike
SAND trades at $10.33, 47.6% above the near-term max pain of $7 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7-$10), signaling increased put positioning or downside protection. Key magnetic zone at 7 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Sandstorm Gold Max Pain By Expiry
Max pain for SAND shows a downward trend from 10 to 7, indicating bearish sentiment or hedging activity. The 36% spread signals divergent expectations across timeframes. Most levels below 10.33 may cap rallies. Strong magnetic level at 7 (3 expirations). 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 | 7 | -3.33 (-32.24%) |
| Oct 17, 2025 | 10 | -0.33 (-3.19%) |
| Nov 21, 2025 | 8 | -2.33 (-22.56%) |
| Dec 19, 2025 | 9 | -1.33 (-12.88%) |
| Jan 16, 2026 | 7 | -3.33 (-32.24%) |
| Mar 20, 2026 | 10 | -0.33 (-3.19%) |
| Jan 15, 2027 | 7 | -3.33 (-32.24%) |