Centerra Gold Inc. (CGAU)
Centerra Gold Max Pain By Strike
CGAU trades at $8.8, 17.3% above the near-term max pain of $7.5 expiring Sep 19, 2025 (9 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($5-$97.5), reflecting growing call interest at higher strikes. Key magnetic zone at 5 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Centerra Gold Max Pain By Expiry
Max pain for CGAU shows an upward trend from 5 to 97.5, suggesting bullish positioning in longer-dated options. The 385% spread signals divergent expectations across timeframes. Most levels below 8.8 may cap rallies. Strong magnetic level at 5 (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 | 7.5 | -1.30 (-14.82%) |
| Oct 17, 2025 | 5 | -3.80 (-43.21%) |
| Dec 19, 2025 | 97.5 | 88.69 (1007.33%) |
| Jan 16, 2026 | 5 | -3.80 (-43.21%) |
| Apr 17, 2026 | 5 | -3.80 (-43.21%) |