(UST)

UST trades at $43.19, 10.7% above the near-term max pain of $39 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($39-$42), signaling increased put positioning or downside protection. Key magnetic zone at 39 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for UST shows a downward trend from 42 to 39, indicating bearish sentiment or hedging activity. The 8% spread suggests strong consensus on fair value. Most levels below 43.19 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.