This page reflects UNP 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 — UNP
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $265.00 (17.25 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$265.00
Nearest expiry
Expected Move
±$3.90
±1.4%
Days to Expiry
8
Calendar days
Total Call OI
757
Nearest expiry
Total Put OI
864
Nearest expiry
P/C OI Ratio
1.14
Put-heavy
Spot Price
$282.25
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$265.00
6/26/2026, 11:31:50 PM
2026-07-02
$270.00
7/2/2026, 11:33:30 PM
2026-07-10NextUpdated
$265.00
7/3/2026, 11:32:22 PM
2026-07-17
$270.00
7/3/2026, 11:32:22 PM
2026-07-24
$265.00
7/3/2026, 11:32:22 PM
2026-07-31
$265.00
7/3/2026, 11:32:22 PM
2026-08-07
$250.00
7/3/2026, 11:32:22 PM
2026-08-21
$270.00
7/3/2026, 11:32:22 PM
2026-09-18
$260.00
7/3/2026, 11:32:22 PM
2026-11-20
$255.00
7/3/2026, 11:32:22 PM
2026-12-18
$250.00
7/3/2026, 11:32:22 PM
2027-01-15
$250.00
7/3/2026, 11:32:22 PM
2027-02-19
$245.00
7/3/2026, 11:32:22 PM
2027-03-19
$260.00
7/3/2026, 11:32:22 PM
2027-06-17
$250.00
7/3/2026, 11:32:22 PM
Selected expiration: 2026-07-10 at max pain $265.00.
UNP pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
190
0
5515250
5515250
220
3000
2923250
2926250
235
4500
1628750
1633250
240
5000
1199750
1204750
245
5500
790250
795750
250
6000
439250
445250
255
6500
235250
241750
257.5
16000
163250
179250
260
25750
118500
144250
262.5
39000
79750
118750
265
54000
50250
104250
267.5
78750
33000
111750
270
105500
22000
127500
272.5
168750
16500
185250
275
240000
11000
251000
280
455000
0
455000
282.5
619750
0
619750
285
786750
0
786750
290
1134250
0
1134250
295
1502750
0
1502750
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.