This page reflects ESNT 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 — ESNT
Data as of market close May 20, 2026
Nearest listed expiration 2026-07-17 shows max pain at $60.00 (2.05 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$60.00
Nearest expiry
Expected Move
±$5.15
±8.3%
Days to Expiry
58
Calendar days
Total Call OI
97
Nearest expiry
Total Put OI
9
Nearest expiry
P/C OI Ratio
0.09
Put-heavy
Spot Price
$62.05
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-04-17
$65.00
4/17/2026, 11:11:20 PM
2026-05-15
$60.00
5/15/2026, 11:15:01 PM
2026-07-17NextUpdated
$60.00
5/20/2026, 11:11:40 PM
2026-10-16
$50.00
5/20/2026, 11:11:40 PM
Selected expiration: 2026-07-17 at max pain $60.00.
ESNT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
40
0
20000
20000
45
0
16500
16500
55
1000
9500
10500
60
1500
6500
8000
65
42500
4500
47000
70
90500
3000
93500
75
138500
1500
140000
80
187000
0
187000
90
284000
0
284000
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.