(GLL)
Max Pain By Strike
GLL trades at $22.05, 10.3% above the near-term max pain of $20 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($12-$22), reflecting growing call interest at higher strikes.
Max Pain By Expiry
Max pain for GLL shows an upward trend from 12 to 22, suggesting bullish positioning in longer-dated options. The 53% spread signals divergent expectations across timeframes. Most levels below 22.05 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 | 20 | -2.05 (-9.30%) |
| Oct 17, 2025 | 21 | -1.05 (-4.76%) |
| Jan 16, 2026 | 22 | -0.05 (-0.23%) |
| Apr 17, 2026 | 12 | -10.05 (-45.58%) |