This page reflects UNM 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 — UNM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $80.00 (3.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$80.00
Nearest expiry
Expected Move
±$4.15
±5.0%
Days to Expiry
29
Calendar days
Total Call OI
5,070
Nearest expiry
Total Put OI
1,962
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$83.83
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
$75.00
4/17/2026, 11:32:21 PM
2026-05-15
$80.00
5/15/2026, 11:43:34 PM
2026-06-18NextUpdated
$80.00
5/20/2026, 11:39:29 PM
2026-07-17
$75.00
5/20/2026, 11:39:29 PM
2026-09-18
$75.00
5/20/2026, 11:39:29 PM
2026-12-18
$75.00
5/20/2026, 11:39:29 PM
Selected expiration: 2026-06-18 at max pain $80.00.
UNM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
6762250
6762250
50
0
4800250
4800250
55
0
3819250
3819250
60
4000
2842250
2846250
62.5
7750
2362500
2370250
65
11750
1885750
1897500
67.5
15750
1440750
1456500
70
19750
1017500
1037250
72.5
28500
718750
747250
75
44500
432000
476500
77.5
73750
155750
229500
80
122500
36500
159000
82.5
618250
1750
620000
85
1407250
0
1407250
87.5
2333250
0
2333250
90
3364000
0
3364000
95
5882000
0
5882000
100
8417000
0
8417000
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.