Sandstorm Gold Ltd. (SAND)
Sandstorm Gold Max Pain By Strike
SAND trades at $10.59, 5.9% above the near-term max pain of $10 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($3-$10), signaling increased put positioning or downside protection. Key magnetic zone at 7 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Sandstorm Gold Max Pain By Expiry
Max pain for SAND shows a downward trend from 10 to 3, indicating bearish sentiment or hedging activity. The 92% spread signals divergent expectations across timeframes. Most levels below 10.59 may cap rallies. Strong magnetic level at 7 (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 | 10 | -0.59 (-5.57%) |
| Sep 19, 2025 | 7 | -3.59 (-33.90%) |
| Oct 17, 2025 | 3 | -7.59 (-71.67%) |
| Nov 21, 2025 | 8 | -2.59 (-24.46%) |
| Dec 19, 2025 | 9 | -1.59 (-15.01%) |
| Jan 16, 2026 | 7 | -3.59 (-33.90%) |
| Mar 20, 2026 | 10 | -0.59 (-5.57%) |
| Jan 15, 2027 | 7 | -3.59 (-33.90%) |