This page reflects UNM 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 — UNM
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $92.50 (3.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$92.50
Nearest expiry
Expected Move
±$3.75
±4.2%
Days to Expiry
14
Calendar days
Total Call OI
11,204
Nearest expiry
Total Put OI
2,591
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$88.57
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
$87.50
8/21/2026, 11:36:25 PM
2026-09-18
$90.00
9/18/2026, 11:32:39 PM
2026-10-16NextUpdated
$92.50
10/2/2026, 11:32:21 PM
2026-11-20
$92.50
10/2/2026, 11:32:21 PM
2026-12-18
$87.50
10/2/2026, 11:32:21 PM
2027-03-19
$77.50
10/2/2026, 11:32:21 PM
Selected expiration: 2026-10-16 at max pain $92.50.
UNM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
70
0
4959250
4959250
80
0
2368250
2368250
82.5
750
1721250
1722000
85
2000
1251750
1253750
87.5
3750
792500
796250
90
9500
364750
374250
92.5
48250
138250
186500
95
210500
13000
223500
97.5
589750
1000
590750
100
1150000
0
1150000
105
2813000
0
2813000
110
5452000
0
5452000
115
10832500
0
10832500
120
16217000
0
16217000
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.