(GEM)
Max Pain By Strike
GEM trades at $38.51, 13.3% above the near-term max pain of $34 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($26-$35), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for GEM shows a downward trend from 35 to 26, indicating bearish sentiment or hedging activity. The 28% spread signals divergent expectations across timeframes. Most levels below 38.51 may cap rallies. 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 | 34 | -4.51 (-11.71%) |
| Oct 17, 2025 | 26 | -12.51 (-32.49%) |
| Jan 16, 2026 | 32 | -6.51 (-16.90%) |
| Apr 17, 2026 | 35 | -3.51 (-9.11%) |