Centerra Gold Inc. (CGAU)
Centerra Gold Max Pain By Strike
CGAU trades at $7.01, 40.2% above the near-term max pain of $5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$97.5), signaling increased put positioning or downside protection. 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 a downward trend from 97.5 to 2.5, indicating bearish sentiment or hedging activity. The 465% spread signals divergent expectations across timeframes. Levels distributed around 7.01. 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 |
|---|---|---|
| Aug 15, 2025 | 5 | -2.01 (-28.72%) |
| Sep 19, 2025 | 7.5 | 0.49 (6.91%) |
| Oct 17, 2025 | 5 | -2.01 (-28.72%) |
| Dec 19, 2025 | 97.5 | 90.48 (1289.88%) |
| Jan 16, 2026 | 5 | -2.01 (-28.72%) |
| Apr 17, 2026 | 2.5 | -4.51 (-64.36%) |