This page reflects ENB options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — ENB
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $55.00 (0.92 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$55.00
Nearest expiry
Expected Move
±$1.65
±3.0%
Days to Expiry
15
Calendar days
Total Call OI
12,022
Nearest expiry
Total Put OI
6,436
Nearest expiry
P/C OI Ratio
0.54
Put-heavy
Spot Price
$54.08
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$52.50
5/15/2026, 11:13:14 PM
2026-06-18
$55.00
6/18/2026, 11:12:21 PM
2026-07-17NextUpdated
$55.00
7/3/2026, 11:10:06 PM
2026-08-21
$55.00
7/3/2026, 11:10:06 PM
2026-10-16
$55.00
7/3/2026, 11:10:06 PM
2027-01-15
$45.00
7/3/2026, 11:10:06 PM
Selected expiration: 2026-07-17 at max pain $55.00.
ENB pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
13635250
13635250
32.5
0
12027250
12027250
35
250
10419250
10419500
37.5
750
8811750
8812500
40
1250
7208750
7210000
42.5
4500
5646500
5651000
45
9500
4285750
4295250
47.5
16750
2990500
3007250
50
27500
1794250
1821750
52.5
59750
833500
893250
55
341500
29000
370500
57.5
1504500
0
1504500
60
3124750
0
3124750
62.5
5214000
0
5214000
65
8213000
0
8213000
70
14223500
0
14223500
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.