This page reflects UNP 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 — UNP
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $275.00 (3.28 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$275.00
Nearest expiry
Expected Move
±$6.72
±2.4%
Days to Expiry
7
Calendar days
Total Call OI
418
Nearest expiry
Total Put OI
292
Nearest expiry
P/C OI Ratio
0.70
Put-heavy
Spot Price
$278.28
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$275.00
9/25/2026, 11:30:50 PM
2026-10-02Updated
$272.50
10/2/2026, 11:33:07 PM
2026-10-09Next
$275.00
10/2/2026, 11:33:07 PM
2026-10-16
$277.50
10/2/2026, 11:33:07 PM
2026-10-23
$275.00
10/2/2026, 11:33:07 PM
2026-10-30
$275.00
10/2/2026, 11:33:07 PM
2026-11-06
$275.00
10/2/2026, 11:33:07 PM
2026-11-20
$275.00
10/2/2026, 11:33:07 PM
2026-12-18
$270.00
10/2/2026, 11:33:07 PM
2027-01-15
$260.00
10/2/2026, 11:33:07 PM
2027-02-19
$285.00
10/2/2026, 11:33:07 PM
2027-03-19
$290.00
10/2/2026, 11:33:07 PM
2027-06-17
$275.00
10/2/2026, 11:33:07 PM
2027-09-17
$250.00
10/2/2026, 11:33:07 PM
Selected expiration: 2026-10-09 at max pain $275.00.
UNP pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
215
0
1487500
1487500
250
14000
465500
479500
257.5
19250
251000
270250
260
21000
189750
210750
262.5
22750
134000
156750
265
24750
82250
107000
267.5
27750
46250
74000
270
32000
20000
52000
272.5
37250
10500
47750
275
45000
2750
47750
277.5
65250
1250
66500
280
97000
0
97000
282.5
137000
0
137000
285
183250
0
183250
290
287750
0
287750
292.5
343250
0
343250
295
401750
0
401750
300
519750
0
519750
305
658250
0
658250
310
836750
0
836750
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.