This page reflects ENPH options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — ENPH
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $35.00 (1.53 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$35.00
Nearest expiry
Expected Move
±$1.91
±5.7%
Days to Expiry
7
Calendar days
Total Call OI
4,057
Nearest expiry
Total Put OI
4,535
Nearest expiry
P/C OI Ratio
1.12
Put-heavy
Spot Price
$33.47
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$34.00
9/25/2026, 11:11:24 PM
2026-10-02Updated
$33.00
10/2/2026, 11:12:48 PM
2026-10-09Next
$35.00
10/2/2026, 11:12:48 PM
2026-10-16
$35.00
10/2/2026, 11:12:48 PM
2026-10-23
$35.00
10/2/2026, 11:12:48 PM
2026-10-30
$34.00
10/2/2026, 11:12:48 PM
2026-11-06
$35.00
10/2/2026, 11:12:48 PM
2026-11-20
$40.00
10/2/2026, 11:12:48 PM
2026-12-18
$40.00
10/2/2026, 11:12:48 PM
2027-01-15
$40.00
10/2/2026, 11:12:48 PM
2027-02-19
$40.00
10/2/2026, 11:12:48 PM
2027-05-21
$40.00
10/2/2026, 11:12:48 PM
2027-06-17
$50.00
10/2/2026, 11:12:48 PM
Selected expiration: 2026-10-09 at max pain $35.00.
ENPH pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
3600950
3600950
26
0
3148950
3148950
27
0
2698850
2698850
28
0
2251050
2251050
28.5
0
2029350
2029350
29
0
1812550
1812550
29.5
100
1602300
1602400
30
200
1394050
1394250
30.5
450
1192150
1192600
31
700
995700
996400
31.5
1300
806450
807750
32
1900
626000
627900
32.5
4050
555750
559800
33
11800
489950
501750
33.5
23550
433400
456950
34
37650
380800
418450
34.5
59850
335600
395450
35
84350
291800
376150
35.5
127850
257000
384850
36
181650
223900
405550
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.