Enterprise Products Partners L.Close $39.39EOD only
Max Pain
$38.50
Next expiry May 22, 2026
Expected Move
±$0.58
1.5% from close
Price Gap
-0.89
Distance to max pain
IV Rank
57
Middle-high premium
P/C OI
0.31
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects EPD 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 — EPD
Data as of market close May 20, 2026
Nearest listed expiration 2026-05-22 shows max pain at $38.50 (0.89 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$38.50
Nearest expiry
Expected Move
±$0.58
±1.5%
Days to Expiry
2
Calendar days
Total Call OI
6,265
Nearest expiry
Total Put OI
2,945
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$39.39
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-05-22
Expiration
Max Pain Strike
Last Updated
2026-05-08
$37.50
5/8/2026, 11:12:27 PM
2026-05-15
$38.00
5/15/2026, 11:13:40 PM
2026-05-22NextUpdated
$38.50
5/20/2026, 11:12:02 PM
2026-05-29
$38.00
5/20/2026, 11:12:02 PM
2026-06-05
$37.00
5/20/2026, 11:12:02 PM
2026-06-12
$39.00
5/20/2026, 11:12:02 PM
2026-06-18
$37.00
5/20/2026, 11:12:02 PM
2026-06-26
$38.00
5/20/2026, 11:12:02 PM
2026-07-17
$37.00
5/20/2026, 11:12:02 PM
2026-08-21
$37.00
5/20/2026, 11:12:02 PM
2026-09-18
$35.00
5/20/2026, 11:12:02 PM
2026-12-18
$35.00
5/20/2026, 11:12:02 PM
2027-01-15
$32.00
5/20/2026, 11:12:02 PM
2027-03-19
$30.00
5/20/2026, 11:12:02 PM
Selected expiration: 2026-05-22 at max pain $38.50.
EPD pain by strike for 2026-05-22 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
5177900
5177900
27
1400
3116400
3117800
30
4700
2232900
2237600
31
5800
1938500
1944300
32
7300
1644100
1651400
32.5
8250
1496900
1505150
33
9400
1349700
1359100
33.5
11900
1203200
1215100
34
15500
1056700
1072200
34.5
19700
910950
930650
35
24750
765200
789950
35.5
31150
627700
658850
36
38500
495150
533650
36.5
64450
399150
463600
37
92000
306450
398450
37.5
121350
216850
338200
38
151850
128700
280550
38.5
199900
72250
272150
39
254500
20500
275000
39.5
319650
5500
325150
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.