This page reflects ENVX 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 — ENVX
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $4.00 (0.87 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$4.00
Nearest expiry
Expected Move
±$0.28
±8.9%
Days to Expiry
3
Calendar days
Total Call OI
27,753
Nearest expiry
Total Put OI
10,121
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$3.13
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
2026-08-07
$4.00
8/7/2026, 11:13:29 PM
2026-08-14
$4.50
8/14/2026, 11:11:37 PM
2026-08-21NextUpdated
$4.00
8/18/2026, 11:14:28 PM
2026-08-28
$4.50
8/18/2026, 11:14:28 PM
2026-09-04
$3.50
8/18/2026, 11:14:28 PM
2026-09-11
$4.00
8/18/2026, 11:14:28 PM
2026-09-18
$5.00
8/18/2026, 11:14:28 PM
2026-09-25
$1.00
8/18/2026, 11:14:28 PM
2026-10-02
$8.00
8/18/2026, 11:14:28 PM
2026-10-16
$5.00
8/18/2026, 11:14:28 PM
2026-11-20
$4.00
8/18/2026, 11:14:28 PM
2027-01-15
$7.00
8/18/2026, 11:14:28 PM
Selected expiration: 2026-08-21 at max pain $4.00.
ENVX pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
1
0
3423600
3423600
1.5
250
2917550
2917800
2
1200
2411500
2412700
2.5
3300
1905950
1909250
3
7000
1402300
1409300
3.5
28400
919250
947650
4
66450
540100
606550
4.5
272350
345550
617900
5
514850
229200
744050
5.5
1143300
164600
1307900
6
1793000
101600
1894600
6.5
2570600
70300
2640900
7
3362450
39400
3401850
7.5
4268150
25800
4293950
8
5175650
13000
5188650
8.5
6190300
9750
6200050
9
7205000
6550
7211550
9.5
8227950
4050
8232000
10
9250900
1600
9252500
11
11346600
800
11347400
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.