This page reflects ENLT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — ENLT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $85.00 (4.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$85.00
Nearest expiry
Expected Move
±$9.60
±10.8%
Days to Expiry
29
Calendar days
Total Call OI
199
Nearest expiry
Total Put OI
84
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$89.21
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$70.00
4/17/2026, 11:11:12 PM
2026-05-15
$70.00
5/15/2026, 11:13:38 PM
2026-06-18NextUpdated
$85.00
5/20/2026, 11:11:50 PM
2026-08-21
$75.00
5/20/2026, 11:11:50 PM
2026-11-20
$80.00
5/20/2026, 11:11:50 PM
Selected expiration: 2026-06-18 at max pain $85.00.
ENLT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
251000
251000
65
0
168000
168000
70
0
127500
127500
75
0
88500
88500
80
500
57000
57500
85
16500
34500
51000
90
37500
15500
53000
95
106500
5000
111500
100
188000
0
188000
105
279500
0
279500
110
377000
0
377000
115
475500
0
475500
120
574500
0
574500
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.