This page reflects ENS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — ENS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $190.00 (10.56 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$7.83
±3.9%
Days to Expiry
3
Calendar days
Total Call OI
1,570
Nearest expiry
Total Put OI
564
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$200.56
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$230.00
6/18/2026, 11:12:10 PM
2026-07-17
$210.00
7/17/2026, 11:13:32 PM
2026-08-21NextUpdated
$190.00
8/18/2026, 11:10:49 PM
2026-09-18
$200.00
8/18/2026, 11:10:49 PM
2026-12-18
$185.00
8/18/2026, 11:10:49 PM
2027-03-19
$185.00
8/18/2026, 11:10:49 PM
Selected expiration: 2026-08-21 at max pain $190.00.
ENS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
125
0
4133500
4133500
130
0
3852000
3852000
140
0
3291000
3291000
150
0
2731000
2731000
155
1000
2460500
2461500
160
2000
2190500
2192500
165
3500
1927000
1930500
170
5000
1671500
1676500
175
7000
1439500
1446500
180
10000
1260000
1270000
185
14500
1118000
1132500
190
85500
994500
1080000
195
316500
889500
1206000
200
632000
800000
1432000
210
1351000
635000
1986000
220
2410000
475000
2885000
230
3635000
316000
3951000
240
5020000
158000
5178000
250
6526000
0
6526000
260
8059000
0
8059000
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.