Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for United Parcel Service options about one week from expiration was $101.71. The chart above shows the exact max pain for each expiration date.

United Parcel Service closed above its near-term max pain on 17 of the last 20 trading days. On Nov 4, 2026 it closed at $114.30, 12.4% above max pain of $101.71.

Over the last 20 trading days, near-term max pain for United Parcel Service ranged from $94.14 to $101.71. It went from $94.86 on Oct 8, 2026 to $101.71 on Nov 4, 2026. See the UPS max pain history for a longer view.

As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe.