Enterprise Products Partners L.Close $38.12EOD only
Max Pain
$38.00
Next expiry Aug 21, 2026
Expected Move
±$0.62
1.6% from close
Price Gap
-0.12
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.22
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 19, 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
Aug 19, 2026 close
Max Pain — EPD
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $38.00 (0.12 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$38.00
Nearest expiry
Expected Move
±$0.62
±1.6%
Days to Expiry
2
Calendar days
Total Call OI
11,430
Nearest expiry
Total Put OI
3,569
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$38.12
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
$38.00
8/7/2026, 11:13:09 PM
2026-08-14
$37.00
8/14/2026, 11:13:32 PM
2026-08-21NextUpdated
$38.00
8/19/2026, 11:12:17 PM
2026-08-28
$38.00
8/19/2026, 11:12:17 PM
2026-09-04
$38.00
8/19/2026, 11:12:17 PM
2026-09-11
$38.00
8/19/2026, 11:12:17 PM
2026-09-18
$37.00
8/19/2026, 11:12:17 PM
2026-09-25
$38.00
8/19/2026, 11:12:17 PM
2026-10-02
$39.00
8/19/2026, 11:12:17 PM
2026-12-18
$35.00
8/19/2026, 11:12:17 PM
2027-01-15
$32.00
8/19/2026, 11:12:17 PM
2027-03-19
$33.00
8/19/2026, 11:12:17 PM
2027-06-17
$33.00
8/19/2026, 11:12:17 PM
Selected expiration: 2026-08-21 at max pain $38.00.
EPD pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
5751100
5751100
22
600
5037300
5037900
23
1900
4680400
4682300
24
4900
4323500
4328400
25
10300
3966600
3976900
26
18100
3609700
3627800
27
25900
3252900
3278800
28
35100
2896100
2931200
29
46000
2539700
2585700
30
57200
2183300
2240500
31
69100
1832600
1901700
32
81600
1482000
1563600
33
94200
1133600
1227800
33.5
100650
965150
1065800
34
107350
796750
904100
34.5
114100
632900
747000
35
120950
471000
591950
35.5
127850
367250
495100
36
134800
265550
400350
36.5
142050
192000
334050
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.