This page reflects UAN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — UAN
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $130.00 (4.07 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$130.00
Nearest expiry
Expected Move
±$5.43
±4.3%
Days to Expiry
11
Calendar days
Total Call OI
1,161
Nearest expiry
Total Put OI
755
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$125.93
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$125.00
8/21/2026, 11:29:53 PM
2026-09-18
$120.00
9/18/2026, 11:34:31 PM
2026-10-16NextUpdated
$130.00
10/5/2026, 11:33:50 PM
2026-11-20
$110.00
10/5/2026, 11:33:50 PM
2027-02-19
$125.00
10/5/2026, 11:33:50 PM
2027-05-21
$145.00
10/5/2026, 11:33:50 PM
Selected expiration: 2026-10-16 at max pain $130.00.
UAN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
85
0
2982000
2982000
90
1000
2604500
2605500
95
3500
2227000
2230500
100
10500
1899500
1910000
105
18000
1572000
1590000
110
26000
1245000
1271000
115
34500
926500
961000
120
44000
625000
669000
125
74000
380500
454500
130
122000
149500
271500
135
217000
108500
325500
140
577500
71000
648500
145
998000
34000
1032000
150
1549000
25500
1574500
155
2119000
17000
2136000
160
2689500
8500
2698000
165
3260000
0
3260000
180
4971500
0
4971500
185
5542000
0
5542000
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.