United Airlines Holdings, Inc.Close $112.51EOD only
Max Pain
$109.00
Next expiry Oct 9, 2026
Expected Move
±$7.75
6.9% from close
Price Gap
-3.51
Distance to max pain
IV Rank
11
Low premium
P/C OI
0.73
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Oct 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
Oct 2, 2026 close
Max Pain — UAL
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $109.00 (3.51 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$109.00
Nearest expiry
Expected Move
±$7.75
±6.9%
Days to Expiry
7
Calendar days
Total Call OI
9,302
Nearest expiry
Total Put OI
5,573
Nearest expiry
P/C OI Ratio
0.60
Put-heavy
Spot Price
$112.51
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$109.00
9/25/2026, 11:32:22 PM
2026-10-02Updated
$112.00
10/2/2026, 11:34:35 PM
2026-10-09Next
$109.00
10/2/2026, 11:34:35 PM
2026-10-16
$113.00
10/2/2026, 11:34:35 PM
2026-10-23
$108.00
10/2/2026, 11:34:35 PM
2026-10-30
$110.00
10/2/2026, 11:34:35 PM
2026-11-06
$110.00
10/2/2026, 11:34:35 PM
2026-11-20
$115.00
10/2/2026, 11:34:35 PM
2026-12-18
$95.00
10/2/2026, 11:34:35 PM
2027-01-15
$100.00
10/2/2026, 11:34:35 PM
2027-03-19
$115.00
10/2/2026, 11:34:35 PM
2027-06-17
$120.00
10/2/2026, 11:34:35 PM
2027-09-17
$110.00
10/2/2026, 11:34:35 PM
Selected expiration: 2026-10-09 at max pain $109.00.
UAL pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
19086700
19086700
75
500
16300200
16300700
80
1000
13514200
13515200
85
1500
10728700
10730200
90
2000
7962200
7964200
92
3200
6879000
6882200
93
3800
6338200
6342000
94
4400
5799300
5803700
95
5100
5263400
5268500
96
7700
4751000
4758700
97
12000
4248500
4260500
98
18100
3754600
3772700
99
26100
3275400
3301500
100
34200
2809600
2843800
101
43900
2378800
2422700
102
53800
1999500
2053300
103
64900
1630000
1694900
104
76000
1293400
1369400
105
88300
991700
1080000
106
103100
766200
869300
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.