This page reflects UNM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — UNM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $85.00 (7.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$3.65
±4.0%
Days to Expiry
15
Calendar days
Total Call OI
6,734
Nearest expiry
Total Put OI
1,518
Nearest expiry
P/C OI Ratio
0.23
Put-heavy
Spot Price
$92.34
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$80.00
5/15/2026, 11:43:34 PM
2026-06-18
$80.00
6/18/2026, 11:31:36 PM
2026-07-17NextUpdated
$85.00
7/3/2026, 11:30:51 PM
2026-08-21
$92.50
7/3/2026, 11:30:51 PM
2026-09-18
$77.50
7/3/2026, 11:30:51 PM
2026-12-18
$87.50
7/3/2026, 11:30:51 PM
Selected expiration: 2026-07-17 at max pain $85.00.
UNM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
45
0
4620000
4620000
50
500
3866000
3866500
55
1000
3117000
3118000
60
2000
2610000
2612000
65
3000
2106500
2109500
67.5
3500
1857000
1860500
70
4250
1612250
1616500
72.5
5250
1375250
1380500
75
7250
1139500
1146750
77.5
21750
923500
945250
80
44250
708750
753000
82.5
120250
498500
618750
85
216000
328000
544000
87.5
945500
161250
1106750
90
1791000
74500
1865500
92.5
2656000
250
2656250
95
3627000
0
3627000
97.5
4963750
0
4963750
100
6556000
0
6556000
105
9755500
0
9755500
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.