(UNG)
Max Pain By Strike
UNG trades at $13.27, 2.1% above the near-term max pain of $13 expiring Sep 10, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($5-$15), reflecting growing call interest at higher strikes. Key magnetic zone at 13 where 8 expirations converge.
Max Pain By Expiry
Max pain for UNG shows an upward trend from 5 to 15, suggesting bullish positioning in longer-dated options. The 81% spread signals divergent expectations across timeframes. Most levels below 13.27 may cap rallies. Strong magnetic level at 13 (8 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 10, 2025 | 13 | -0.27 (-2.00%) |
| Sep 12, 2025 | 13 | -0.27 (-2.00%) |
| Sep 17, 2025 | 12.5 | -0.77 (-5.77%) |
| Sep 19, 2025 | 13 | -0.27 (-2.00%) |
| Sep 24, 2025 | 5 | -8.27 (-62.31%) |
| Sep 26, 2025 | 12 | -1.27 (-9.54%) |
| Oct 3, 2025 | 13 | -0.27 (-2.00%) |
| Oct 10, 2025 | 13 | -0.27 (-2.00%) |
| Oct 17, 2025 | 13 | -0.27 (-2.00%) |
| Oct 24, 2025 | 13.5 | 0.23 (1.77%) |
| Jan 16, 2026 | 13 | -0.27 (-2.00%) |
| Apr 17, 2026 | 12 | -1.27 (-9.54%) |
| Jan 15, 2027 | 15 | 1.73 (13.08%) |