Enterprise Products Partners L.Close $39.47EOD only
Max Pain
$38.50
Next expiry May 22, 2026
Expected Move
±$0.45
1.1% from close
Price Gap
-0.97
Distance to max pain
IV Rank
75
High premium
P/C OI
0.32
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 21, 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 21, 2026 close
Max Pain — EPD
Data as of market close May 21, 2026
Nearest listed expiration 2026-05-22 shows max pain at $38.50 (0.97 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
±$0.45
±1.1%
Days to Expiry
1
Calendar days
Total Call OI
6,406
Nearest expiry
Total Put OI
3,002
Nearest expiry
P/C OI Ratio
0.47
Put-heavy
Spot Price
$39.47
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
5/21/2026, 11:11:47 PM
2026-05-29
$38.00
5/21/2026, 11:11:47 PM
2026-06-05
$37.00
5/21/2026, 11:11:47 PM
2026-06-12
$39.00
5/21/2026, 11:11:47 PM
2026-06-18
$37.00
5/21/2026, 11:11:47 PM
2026-06-26
$38.00
5/21/2026, 11:11:47 PM
2026-07-17
$38.00
5/21/2026, 11:11:47 PM
2026-08-21
$37.00
5/21/2026, 11:11:47 PM
2026-09-18
$35.00
5/21/2026, 11:11:47 PM
2026-12-18
$35.00
5/21/2026, 11:11:47 PM
2027-01-15
$32.00
5/21/2026, 11:11:47 PM
2027-03-19
$30.00
5/21/2026, 11:11:47 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
5286750
5286750
27
1400
3185350
3186750
30
4700
2284750
2289450
31
5800
1984650
1990450
32
7500
1684550
1692050
32.5
8550
1534500
1543050
33
9800
1384450
1394250
33.5
12600
1235100
1247700
34
16750
1085750
1102500
34.5
21450
937150
958600
35
26950
788550
815500
35.5
34100
648200
682300
36
42100
512850
554950
36.5
68900
414050
482950
37
96650
318550
415200
37.5
125700
226150
351850
38
155800
135250
291050
38.5
203600
76050
279650
39
257850
22250
280100
39.5
322650
6300
328950
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.