This page reflects UAN 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 — UAN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $110.00 (4.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$110.00
Nearest expiry
Expected Move
±$10.80
±9.5%
Days to Expiry
15
Calendar days
Total Call OI
1,308
Nearest expiry
Total Put OI
601
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$114.00
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$125.00
5/15/2026, 11:45:30 PM
2026-06-18
$105.00
6/18/2026, 11:36:02 PM
2026-07-17NextUpdated
$110.00
7/3/2026, 11:26:21 PM
2026-08-21
$100.00
7/3/2026, 11:26:21 PM
2026-09-18
$110.00
7/3/2026, 11:26:21 PM
2026-11-20
$110.00
7/3/2026, 11:26:21 PM
2027-02-19
$130.00
7/3/2026, 11:26:21 PM
Selected expiration: 2026-07-17 at max pain $110.00.
UAN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
1230000
1230000
95
1500
930000
931500
100
26000
758000
784000
105
73500
608500
682000
110
139500
471000
610500
115
435000
356500
791500
120
758000
251500
1009500
125
1254500
157000
1411500
130
1813000
96500
1909500
135
2429500
42500
2472000
140
3056500
5000
3061500
145
3690000
0
3690000
150
4334500
0
4334500
155
4980500
0
4980500
160
5632000
0
5632000
165
6284000
0
6284000
170
6936500
0
6936500
175
7590000
0
7590000
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.