United Airlines Holdings, Inc.Close $133.32EOD only
Max Pain
$125.00
Next expiry Jul 10, 2026
Expected Move
±$9.43
7.1% from close
Price Gap
-8.32
Distance to max pain
IV Rank
21
Low premium
P/C OI
1.18
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects UAL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — UAL
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $125.00 (8.32 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$125.00
Nearest expiry
Expected Move
±$9.43
±7.1%
Days to Expiry
8
Calendar days
Total Call OI
5,703
Nearest expiry
Total Put OI
5,045
Nearest expiry
P/C OI Ratio
0.88
Put-heavy
Spot Price
$133.32
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$115.00
6/26/2026, 11:35:32 PM
2026-07-02
$128.00
7/2/2026, 11:36:16 PM
2026-07-10NextUpdated
$125.00
7/3/2026, 11:34:25 PM
2026-07-17
$110.00
7/3/2026, 11:34:25 PM
2026-07-24
$120.00
7/3/2026, 11:34:25 PM
2026-07-31
$108.00
7/3/2026, 11:34:25 PM
2026-08-07
$138.00
7/3/2026, 11:34:25 PM
2026-08-21
$110.00
7/3/2026, 11:34:25 PM
2026-09-18
$100.00
7/3/2026, 11:34:25 PM
2026-10-16
$125.00
7/3/2026, 11:34:25 PM
2026-11-20
$115.00
7/3/2026, 11:34:25 PM
2026-12-18
$87.50
7/3/2026, 11:34:25 PM
2027-01-15
$95.00
7/3/2026, 11:34:25 PM
2027-03-19
$100.00
7/3/2026, 11:34:25 PM
2027-06-17
$125.00
7/3/2026, 11:34:25 PM
Selected expiration: 2026-07-10 at max pain $125.00.
UAL pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
60
0
26594500
26594500
65
0
24077000
24077000
70
0
21560000
21560000
75
0
19050500
19050500
80
0
16604500
16604500
85
0
14238500
14238500
90
3500
11900000
11903500
91
4200
11465500
11469700
92
4900
11034700
11039600
93
5600
10607800
10613400
94
6500
10181100
10187600
95
7400
9754900
9762300
96
10700
9331200
9341900
97
14000
8913400
8927400
98
17300
8496800
8514100
99
23300
8086200
8109500
100
29300
7677100
7706400
101
36200
7286100
7322300
102
45600
6899600
6945200
103
55100
6552500
6607600
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.