This page reflects ENVA 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 — ENVA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $240.00 (22.00 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$240.00
Nearest expiry
Expected Move
±$8.55
±3.3%
Days to Expiry
3
Calendar days
Total Call OI
221
Nearest expiry
Total Put OI
853
Nearest expiry
P/C OI Ratio
3.86
Put-heavy
Spot Price
$262.00
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
$165.00
6/18/2026, 11:12:41 PM
2026-07-17
$220.00
7/17/2026, 11:13:51 PM
2026-08-21NextUpdated
$240.00
8/18/2026, 11:12:33 PM
2026-09-18
$220.00
8/18/2026, 11:12:33 PM
2026-10-16
$280.00
8/18/2026, 11:12:33 PM
2026-11-20
$220.00
8/18/2026, 11:12:33 PM
2026-12-18
$155.00
8/18/2026, 11:12:33 PM
2027-03-19
$160.00
8/18/2026, 11:12:33 PM
2027-05-21
$190.00
8/18/2026, 11:12:33 PM
Selected expiration: 2026-08-21 at max pain $240.00.
ENVA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
130
0
7202500
7202500
135
500
6780000
6780500
140
1500
6360500
6362000
145
3500
5947000
5950500
150
6500
5537000
5543500
155
9500
5134500
5144000
160
12500
4735000
4747500
165
15500
4339000
4354500
170
19000
3944000
3963000
175
22500
3549500
3572000
180
27000
3157500
3184500
185
32500
2770000
2802500
190
38000
2388500
2426500
195
43500
2012000
2055500
200
49000
1646000
1695000
210
61000
1075000
1136000
220
77000
528000
605000
230
101000
197000
298000
240
143000
54000
197000
250
219000
32000
251000
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.