thetaOwl

UNH

UnitedHealth Group IncorporatedClose $371.90EOD only
Max Pain
$375.00
Next expiry Oct 9, 2026
Expected Move
±$13.85
3.7% from close
Price Gap
+3.10
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.86
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects UNH 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 — UNH
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-09 shows max pain at $375.00 (3.10 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$375.00
Nearest expiry
Expected Move
±$13.85
±3.7%
Days to Expiry
7
Calendar days
Total Call OI
12,083
Nearest expiry
Total Put OI
27,979
Nearest expiry
P/C OI Ratio
2.32
Put-heavy
Spot Price
$371.90
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-09
ExpirationMax Pain StrikeLast Updated
2026-09-25$375.009/25/2026, 11:33:32 PM
2026-10-02Updated$370.0010/2/2026, 11:32:46 PM
2026-10-09Next$375.0010/2/2026, 11:32:46 PM
2026-10-16$390.0010/2/2026, 11:32:46 PM
2026-10-23$380.0010/2/2026, 11:32:46 PM
2026-10-30$370.0010/2/2026, 11:32:46 PM
2026-11-06$370.0010/2/2026, 11:32:46 PM
2026-11-20$390.0010/2/2026, 11:32:46 PM
2026-12-18$350.0010/2/2026, 11:32:46 PM
2027-01-15$300.0010/2/2026, 11:32:46 PM
2027-03-19$380.0010/2/2026, 11:32:46 PM
2027-06-17$300.0010/2/2026, 11:32:46 PM
2027-09-17$360.0010/2/2026, 11:32:46 PM
Selected expiration: 2026-10-09 at max pain $375.00.
UNH pain by strike for 2026-10-09 expiration
StrikeCall PainPut PainTotal Pain
2150419245250419245250
2200405258750405258750
2250391279750391279750
2300377302250377302250
2350363328250363328250
2400349355750349355750
245500335385750335386250
2502500321415750321418250
2559500307525250307534750
26017500293634750293652250
26525500279894250279919750
27034000266153750266187750
27557500252416750252474250
28081500238684750238766250
285110500224952750225063250
290139500211220750211360250
295169000197489250197658250
300198500183758250183956750
305233000170029250170262250
310267500156303750156571250
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.