This page reflects UGI 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 — UGI
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $35.00 (2.20 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$2.45
±6.6%
Days to Expiry
14
Calendar days
Total Call OI
4,928
Nearest expiry
Total Put OI
1,117
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$37.20
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
$35.00
8/21/2026, 11:35:42 PM
2026-09-18
$35.00
9/18/2026, 11:35:30 PM
2026-10-16NextUpdated
$35.00
10/2/2026, 11:30:50 PM
2026-12-18
$35.00
10/2/2026, 11:30:50 PM
2027-01-15
$35.00
10/2/2026, 11:30:50 PM
2027-04-16
$35.00
10/2/2026, 11:30:50 PM
Selected expiration: 2026-10-16 at max pain $35.00.
UGI pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
1581750
1581750
22.5
0
1303750
1303750
25
0
1026500
1026500
30
0
495500
495500
35
2000
0
2000
40
873000
0
873000
45
3332500
0
3332500
50
5792000
0
5792000
55
8251500
0
8251500
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.