This page reflects UAN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — UAN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $130.00 (8.89 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
±$5.32
±4.4%
Days to Expiry
3
Calendar days
Total Call OI
3,679
Nearest expiry
Total Put OI
1,311
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$121.11
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$105.00
6/18/2026, 11:36:02 PM
2026-07-17
$110.00
7/17/2026, 11:35:10 PM
2026-08-21NextUpdated
$130.00
8/18/2026, 11:38:01 PM
2026-09-18
$120.00
8/18/2026, 11:38:01 PM
2026-11-20
$110.00
8/18/2026, 11:38:01 PM
2027-02-19
$125.00
8/18/2026, 11:38:01 PM
Selected expiration: 2026-08-21 at max pain $130.00.
UAN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
9408000
9408000
55
500
8759000
8759500
60
1000
8115500
8116500
65
1500
7489000
7490500
70
2000
6871000
6873000
75
2500
6253000
6255500
80
3000
5635000
5638000
85
3500
5024000
5027500
90
4000
4419000
4423000
95
4500
3831500
3836000
100
5000
3271000
3276000
105
8500
2768000
2776500
110
14000
2291000
2305000
115
22500
1842500
1865000
120
79000
1442000
1521000
125
151000
1138000
1289000
130
432500
853500
1286000
135
826000
572000
1398000
140
1507500
292000
1799500
145
2287500
12500
2300000
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.