This page reflects ENB options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — ENB
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $55.00 (3.61 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
±$1.37
±2.7%
Days to Expiry
3
Calendar days
Total Call OI
6,936
Nearest expiry
Total Put OI
4,119
Nearest expiry
P/C OI Ratio
0.59
Put-heavy
Spot Price
$51.39
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$55.00
6/18/2026, 11:12:21 PM
2026-07-17
$55.00
7/17/2026, 11:14:11 PM
2026-08-21NextUpdated
$55.00
8/18/2026, 11:12:19 PM
2026-09-18
$55.00
8/18/2026, 11:12:19 PM
2026-10-16
$55.00
8/18/2026, 11:12:19 PM
2026-11-20
$50.00
8/18/2026, 11:12:19 PM
2027-01-15
$47.50
8/18/2026, 11:12:19 PM
Selected expiration: 2026-08-21 at max pain $55.00.
ENB pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
9382000
9382000
32.5
0
8352750
8352750
35
0
7324000
7324000
37.5
0
6295500
6295500
40
0
5267250
5267250
42.5
0
4239250
4239250
45
500
3211500
3212000
47.5
1000
2185250
2186250
50
3000
1190250
1193250
52.5
9250
403250
412500
55
330250
0
330250
57.5
1073500
0
1073500
60
2481750
0
2481750
62.5
4140750
0
4140750
65
5863000
0
5863000
70
9324500
0
9324500
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.