This page reflects ENVA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — ENVA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $165.00 (0.41 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$165.00
Nearest expiry
Expected Move
±$14.55
±8.8%
Days to Expiry
29
Calendar days
Total Call OI
295
Nearest expiry
Total Put OI
1,805
Nearest expiry
P/C OI Ratio
6.12
Put-heavy
Spot Price
$164.59
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$140.00
4/17/2026, 11:10:13 PM
2026-05-15
$160.00
5/15/2026, 11:11:10 PM
2026-06-18NextUpdated
$165.00
5/20/2026, 11:13:07 PM
2026-09-18
$155.00
5/20/2026, 11:13:07 PM
2026-11-20
$105.00
5/20/2026, 11:13:07 PM
2026-12-18
$125.00
5/20/2026, 11:13:07 PM
Selected expiration: 2026-06-18 at max pain $165.00.
ENVA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
55
0
15774000
15774000
60
0
14916500
14916500
65
0
14077000
14077000
70
0
13257000
13257000
75
0
12470000
12470000
80
0
11703500
11703500
85
0
10951500
10951500
90
0
10208500
10208500
95
1000
9480000
9481000
100
2000
8766000
8768000
105
3000
8057500
8060500
110
4000
7357000
7361000
115
5000
6664000
6669000
120
6000
5971500
5977500
125
10500
5282000
5292500
130
17000
4594500
4611500
135
23500
3915000
3938500
140
30500
3238000
3268500
145
37500
2561000
2598500
150
47500
1894000
1941500
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.