What is ENR max pain this week?

ENR max pain for the nearest expiration (2026-10-16) is $20.00. Total call open interest: 785. Total put open interest: 313.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options ENRMax Pain

ENR

Energizer Holdings, Inc.Close $22.11EOD only

Max Pain

$20.00

Next expiry Oct 16, 2026

Expected Move

±$1.95

8.8% from close

Price Gap

-2.11

Distance to max pain

IV Rank

Low premium

P/C OI

0.23

Slightly call-heavy

Consensus

—

No reports available

Published snapshot: Oct 2, 2026 close

End-of-day snapshot

This page reflects ENR 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 — ENR

Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-16 shows max pain at $20.00 (2.11 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$20.00

Nearest expiry

Expected Move

±$1.95

±8.8%

Days to Expiry

Calendar days

Total Call OI

785

Nearest expiry

Total Put OI

313

Nearest expiry

P/C OI Ratio

0.40

Put-heavy

Spot Price

$22.11

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-10-16

Expiration	Max Pain Strike	Last Updated
2026-08-21	$20.00	8/21/2026, 11:13:50 PM
2026-09-18	$22.50	9/18/2026, 11:12:39 PM
2026-10-16NextUpdated	$20.00	10/2/2026, 11:10:02 PM
2026-11-20	$20.00	10/2/2026, 11:10:02 PM
2026-12-18	$20.00	10/2/2026, 11:10:02 PM
2027-02-19	$17.50	10/2/2026, 11:10:02 PM
2027-05-21	$22.50	10/2/2026, 11:10:02 PM

Selected expiration: 2026-10-16 at max pain $20.00.

ENR pain by strike for 2026-10-16 expiration
Strike	Call Pain	Put Pain	Total Pain
17.5	0	57250	57250
20	0	3750	3750
22.5	38000	1500	39500
25	212000	0	212000
30	602000	0	602000

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.