Max Pain — ENPH
Data as of market close Apr 2, 2026
ENPH Max Pain Data
- Max Pain Strike
- $38.00
- Expected Move
- ±$2.77 (±8.0%)
- Days to Expiry
- 8
- Total Call OI
- 3,451
- Total Put OI
- 3,008
- Put/Call OI Ratio
- 0.87
- Spot Price
- $34.92
Max Pain by Expiration
Pain by Strike
| Expiration | Max Pain Strike | Last Updated |
|---|---|---|
| 2026-03-27 | $42.50 | 3/27/2026, 2:24:36 PM |
| 2026-04-02 | $39.00 | 4/1/2026, 6:41:51 PM |
| 2026-04-10 | $38.00 | 4/3/2026, 12:27:20 AM |
| 2026-04-17 | $40.50 | 4/3/2026, 12:27:20 AM |
| 2026-04-24 | $40.00 | 4/3/2026, 12:27:20 AM |
| 2026-05-01 | $44.00 | 4/3/2026, 12:27:20 AM |
| 2026-05-08 | $38.00 | 4/3/2026, 12:27:20 AM |
| 2026-05-15 | $40.00 | 4/3/2026, 12:27:20 AM |
| 2026-06-18 | $40.00 | 4/3/2026, 12:27:20 AM |
| 2026-08-21 | $45.00 | 4/3/2026, 12:27:20 AM |
| 2026-09-18 | $40.00 | 4/3/2026, 12:27:20 AM |
| 2026-11-20 | $40.00 | 4/3/2026, 12:27:20 AM |
| 2026-12-18 | $45.00 | 4/3/2026, 12:27:20 AM |
| 2027-01-15 | $45.00 | 4/3/2026, 12:27:20 AM |
| Strike | Call Pain | Put Pain | Total Pain |
|---|---|---|---|
| 25 | 0 | 3457600 | 3457600 |
| 30 | 0 | 1955600 | 1955600 |
| 31 | 1600 | 1657300 | 1658900 |
| 32 | 3200 | 1386300 | 1389500 |
| 33 | 4800 | 1130900 | 1135700 |
| 34 | 6400 | 879100 | 885500 |
| 35 | 8400 | 648600 | 657000 |
| 36 | 12800 | 512300 | 525100 |
| 37 | 20400 | 386300 | 406700 |
| 38 | 33500 | 287500 | 321000 |
| 38.5 | 79450 | 242950 | 322400 |
| 39 | 126500 | 200350 | 326850 |
| 39.5 | 175300 | 174900 | 350200 |
| 40 | 225550 | 150050 | 375600 |
| 40.5 | 290900 | 128550 | 419450 |
| 41 | 360650 | 107300 | 467950 |
| 41.5 | 437000 | 90200 | 527200 |
| 42 | 519900 | 73350 | 593250 |
| 42.5 | 612750 | 59300 | 672050 |
| 43 | 708750 | 45500 | 754250 |
View max pain levels for ENPH options across expiration dates. Max pain marks the strike where the most contracts expire worthless — the point of maximum loss for option holders — along with the full open interest distribution.