Sandstorm Gold Ltd. (SAND)

SAND trades at $12.26, 2.2% above the near-term max pain of $12 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($7-$12), reflecting growing call interest at higher strikes. Key magnetic zone at 7 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SAND shows an upward trend from 7 to 12, suggesting bullish positioning in longer-dated options. The 56% spread signals divergent expectations across timeframes. Most levels below 12.26 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.