EnLink Midstream (ENLC)
EnLink Midstream Max Pain By Strike
ENLC trades at $14.12, 101.7% above the near-term max pain of $7 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($3-$7), indicating stable market expectations. High dispersion in max pain levels suggests competing forces and potential volatility.
EnLink Midstream Max Pain By Expiry
Max pain for ENLC shows stable levels around 5.00, reflecting balanced market expectations. The 80% spread signals divergent expectations across timeframes. Most levels below 14.12 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 | 7 | -7.12 (-50.42%) |
| Jan 16, 2026 | 3 | -11.12 (-78.75%) |