This page reflects UAN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — UAN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $100.00 (21.85 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$13.75
±11.3%
Days to Expiry
29
Calendar days
Total Call OI
1,190
Nearest expiry
Total Put OI
194
Nearest expiry
P/C OI Ratio
0.16
Put-heavy
Spot Price
$121.85
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$125.00
4/17/2026, 11:33:21 PM
2026-05-15
$125.00
5/15/2026, 11:45:30 PM
2026-06-18NextUpdated
$100.00
5/20/2026, 11:33:03 PM
2026-07-17
$140.00
5/20/2026, 11:33:03 PM
2026-08-21
$105.00
5/20/2026, 11:33:03 PM
2026-09-18
$95.00
5/20/2026, 11:33:03 PM
2026-11-20
$110.00
5/20/2026, 11:33:03 PM
Selected expiration: 2026-06-18 at max pain $100.00.
UAN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
80
0
714000
714000
85
1500
617000
618500
90
6000
520000
526000
95
66500
423000
489500
100
127000
326500
453500
105
217500
236000
453500
110
338000
149000
487000
115
458500
83000
541500
120
760500
48500
809000
125
1085000
22000
1107000
130
1483000
8000
1491000
135
1941000
6000
1947000
140
2443000
4000
2447000
145
2979500
2000
2981500
150
3551000
0
3551000
155
4141000
0
4141000
160
4734000
0
4734000
165
5328000
0
5328000
170
5922500
0
5922500
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.