thetaOwl

ESNT

Essent Group Ltd.Close $60.22EOD only
Max Pain
$60.00
Next expiry Oct 16, 2026
Expected Move
±$2.80
4.7% from close
Price Gap
-0.22
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
2.20
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot

This page reflects ESNT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Oct 2, 2026 close
Max Pain — ESNT
Data as of market close Oct 2, 2026

Nearest listed expiration 2026-10-16 shows max pain at $60.00 (0.22 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
±$2.80
±4.7%
Days to Expiry
14
Calendar days
Total Call OI
334
Nearest expiry
Total Put OI
761
Nearest expiry
P/C OI Ratio
2.28
Put-heavy
Spot Price
$60.22
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-10-16
ExpirationMax Pain StrikeLast Updated
2026-08-21$65.008/21/2026, 11:12:23 PM
2026-09-18$70.009/18/2026, 11:12:04 PM
2026-10-16NextUpdated$60.0010/2/2026, 11:11:53 PM
2027-01-15$60.0010/2/2026, 11:11:53 PM
Selected expiration: 2026-10-16 at max pain $60.00.
ESNT pain by strike for 2026-10-16 expiration
StrikeCall PainPut PainTotal Pain
30022700002270000
35018895001889500
40015095001509500
45011305001130500
500752500752500
55500375500376000
60100001000
65200002000
70600006000
751710000171000
855020000502000
906690000669000
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.