This page reflects UNM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — UNM
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $87.50 (2.27 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$87.50
Nearest expiry
Expected Move
±$1.98
±2.2%
Days to Expiry
3
Calendar days
Total Call OI
5,878
Nearest expiry
Total Put OI
4,011
Nearest expiry
P/C OI Ratio
0.68
Put-heavy
Spot Price
$89.77
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$80.00
6/18/2026, 11:31:36 PM
2026-07-17
$85.00
7/17/2026, 11:39:47 PM
2026-08-21NextUpdated
$87.50
8/18/2026, 11:33:15 PM
2026-09-18
$82.50
8/18/2026, 11:33:15 PM
2026-12-18
$90.00
8/18/2026, 11:33:15 PM
2027-03-19
$75.00
8/18/2026, 11:33:15 PM
Selected expiration: 2026-08-21 at max pain $87.50.
UNM pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
5044500
5044500
75
0
3039500
3039500
77.5
500
2321500
2322000
80
1000
1629000
1630000
82.5
2000
961750
963750
85
24000
551750
575750
87.5
133500
257750
391250
90
411000
37500
448500
92.5
766000
1750
767750
95
1314500
500
1315000
97.5
2130250
0
2130250
100
3242750
0
3242750
105
5686750
0
5686750
110
8524250
0
8524250
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.