This page reflects ENB options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — ENB
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $47.50 (1.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$47.50
Nearest expiry
Expected Move
±$1.55
±3.4%
Days to Expiry
14
Calendar days
Total Call OI
12,431
Nearest expiry
Total Put OI
2,936
Nearest expiry
P/C OI Ratio
0.24
Put-heavy
Spot Price
$45.97
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$55.00
8/21/2026, 11:14:00 PM
2026-09-18
$50.00
9/18/2026, 11:13:04 PM
2026-10-16NextUpdated
$47.50
10/2/2026, 11:10:27 PM
2026-11-20
$47.50
10/2/2026, 11:10:27 PM
2026-12-18
$47.50
10/2/2026, 11:10:27 PM
2027-01-15
$47.50
10/2/2026, 11:10:27 PM
2027-04-16
$47.50
10/2/2026, 11:10:27 PM
Selected expiration: 2026-10-16 at max pain $47.50.
ENB pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
4927500
4927500
32.5
500
4199500
4200000
35
2250
3471500
3473750
37.5
5500
2743500
2749000
40
9000
2017750
2026750
42.5
13000
1296500
1309500
45
21750
586000
607750
47.5
64000
10750
74750
50
266500
0
266500
52.5
796250
0
796250
55
1708750
0
1708750
57.5
3333500
0
3333500
60
5111500
0
5111500
62.5
7395500
0
7395500
65
10465750
0
10465750
70
16617750
0
16617750
75
22769750
0
22769750
80
28922250
0
28922250
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.