This page reflects ENPH 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 — ENPH
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $52.00 (8.93 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$52.00
Nearest expiry
Expected Move
±$4.33
±10.1%
Days to Expiry
8
Calendar days
Total Call OI
6,540
Nearest expiry
Total Put OI
5,535
Nearest expiry
P/C OI Ratio
0.85
Put-heavy
Spot Price
$43.07
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$49.00
6/26/2026, 11:13:01 PM
2026-07-02
$48.50
7/2/2026, 11:11:35 PM
2026-07-10NextUpdated
$52.00
7/3/2026, 11:11:55 PM
2026-07-17
$51.00
7/3/2026, 11:11:55 PM
2026-07-24
$50.00
7/3/2026, 11:11:55 PM
2026-07-31
$48.00
7/3/2026, 11:11:55 PM
2026-08-07
$47.00
7/3/2026, 11:11:55 PM
2026-08-21
$50.00
7/3/2026, 11:11:55 PM
2026-09-18
$50.00
7/3/2026, 11:11:55 PM
2026-11-20
$45.00
7/3/2026, 11:11:55 PM
2026-12-18
$45.00
7/3/2026, 11:11:55 PM
2027-01-15
$45.00
7/3/2026, 11:11:55 PM
2027-02-19
$50.00
7/3/2026, 11:11:55 PM
2027-06-17
$60.00
7/3/2026, 11:11:55 PM
Selected expiration: 2026-07-10 at max pain $52.00.
ENPH pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
10885700
10885700
35
1000
8130700
8131700
35.5
1100
7858550
7859650
36.5
1300
7314550
7315850
37
1400
7063600
7065000
38
1600
6563400
6565000
39
1800
6068700
6070500
39.5
1900
5822800
5824700
40
2000
5577200
5579200
40.5
4700
5346900
5351600
41
9400
5116600
5126000
41.5
14450
4887300
4901750
42
19500
4660000
4679500
42.5
24850
4435600
4460450
43
30200
4212100
4242300
44
41400
3770100
3811500
44.5
47650
3559950
3607600
45
53900
3350800
3404700
45.5
62350
3150800
3213150
46
71250
2954100
3025350
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.