United Airlines Inc. (UAL)
United Airlines Max Pain By Strike
UAL trades at $109.36, 5.2% above the near-term max pain of $104 expiring Sep 12, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($45-$110), signaling increased put positioning or downside protection. Key magnetic zone at 83 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
United Airlines Max Pain By Expiry
Max pain for UAL shows a downward trend from 110 to 45, indicating bearish sentiment or hedging activity. The 75% spread signals divergent expectations across timeframes. Most levels below 109.36 may cap rallies. Strong magnetic level at 83 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 12, 2025 | 104 | -5.36 (-4.90%) |
| Sep 19, 2025 | 90 | -19.36 (-17.70%) |
| Sep 26, 2025 | 99 | -10.36 (-9.47%) |
| Oct 3, 2025 | 109 | -0.36 (-0.33%) |
| Oct 10, 2025 | 102 | -7.36 (-6.73%) |
| Oct 17, 2025 | 95 | -14.36 (-13.13%) |
| Oct 24, 2025 | 107 | -2.36 (-2.16%) |
| Nov 21, 2025 | 110 | 0.64 (0.59%) |
| Dec 19, 2025 | 80 | -29.36 (-26.85%) |
| Jan 16, 2026 | 70 | -39.36 (-35.99%) |
| Mar 20, 2026 | 82.5 | -26.86 (-24.56%) |
| May 15, 2026 | 105 | -4.36 (-3.99%) |
| Jun 18, 2026 | 82.5 | -26.86 (-24.56%) |
| Sep 18, 2026 | 82.5 | -26.86 (-24.56%) |
| Dec 18, 2026 | 45 | -64.36 (-58.85%) |
| Jan 15, 2027 | 67.5 | -41.86 (-38.28%) |
| Dec 17, 2027 | 50 | -59.36 (-54.28%) |