(ENZL)
Max Pain By Strike
ENZL trades at $45.83, 9.1% above the near-term max pain of $42 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$43), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for ENZL shows a downward trend from 43 to 40, indicating bearish sentiment or hedging activity. The 7% spread suggests strong consensus on fair value. Most levels below 45.83 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 42 | -3.83 (-8.36%) |
| Oct 17, 2025 | 40 | -5.83 (-12.72%) |
| Jan 16, 2026 | 41 | -4.83 (-10.54%) |
| Apr 17, 2026 | 43 | -2.83 (-6.17%) |