thetaOwl

UMC

United Microelectronics CorporaClose $17.56EOD only
Max Pain
$13.00
Next expiry Jun 18, 2026
Expected Move
±$3.00
17.1% from close
Price Gap
-4.56
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.20
Slightly call-heavy
Consensus
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot

This page reflects UMC 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 — UMC
Data as of market close May 20, 2026

Nearest listed expiration 2026-06-18 shows max pain at $13.00 (4.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$13.00
Nearest expiry
Expected Move
±$3.00
±17.1%
Days to Expiry
29
Calendar days
Total Call OI
57,401
Nearest expiry
Total Put OI
4,671
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$17.56
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-06-18
ExpirationMax Pain StrikeLast Updated
2026-04-17$10.004/17/2026, 11:29:44 PM
2026-05-15$11.005/15/2026, 11:46:00 PM
2026-06-18NextUpdated$13.005/20/2026, 11:39:44 PM
2026-07-17$12.005/20/2026, 11:39:44 PM
2026-10-16$11.005/20/2026, 11:39:44 PM
2027-01-15$10.005/20/2026, 11:39:44 PM
Selected expiration: 2026-06-18 at max pain $13.00.
UMC pain by strike for 2026-06-18 expiration
StrikeCall PainPut PainTotal Pain
2054132005413200
320049463004946500
450044794004479900
580040125004013300
6110035457003546800
8190026123002614200
9260021456002148200
10870016792001687900
111650012285001245000
1230100833300863400
1358900518700577600
14390300216000606300
1527158001171002832900
165245200327005277900
1796915006009692100
181448920030014489500
191991270020019912900
202554980010025549900
2131257800031257800
2236984300036984300
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.