This page reflects ENLT 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 — ENLT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $75.00 (8.43 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$75.00
Nearest expiry
Expected Move
±$4.53
±5.4%
Days to Expiry
3
Calendar days
Total Call OI
4,917
Nearest expiry
Total Put OI
1,268
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$83.43
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
$85.00
6/18/2026, 11:12:11 PM
2026-07-17
$80.00
7/17/2026, 11:15:00 PM
2026-08-21NextUpdated
$75.00
8/18/2026, 11:12:25 PM
2026-09-18
$85.00
8/18/2026, 11:12:25 PM
2026-11-20
$80.00
8/18/2026, 11:12:25 PM
2027-02-19
$80.00
8/18/2026, 11:12:25 PM
Selected expiration: 2026-08-21 at max pain $75.00.
ENLT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
4880500
4880500
35
0
4246500
4246500
40
0
3620000
3620000
45
0
3028000
3028000
50
27500
2436000
2463500
55
146500
1932500
2079000
60
295500
1481500
1777000
65
456000
1041500
1497500
70
619500
638000
1257500
75
804000
257000
1061000
80
1463500
173500
1637000
85
2857000
114500
2971500
90
4536000
63500
4599500
95
6310000
46500
6356500
100
8209000
31000
8240000
105
10268000
15500
10283500
110
12376000
0
12376000
115
14786000
0
14786000
120
17203000
0
17203000
125
19623000
0
19623000
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.