ES Max Pain
ES Max Pain by Expiry
The Max Pain for all expiration dates of ES.
| Expiration | Max Pain | Max Pain vs Current Price |
|---|---|---|
ES Max Pain FAQ
What is max pain?
Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.
What is ES max pain this week?
As of the Nov 4, 2026 close, max pain for Eversource Energy options about one week from expiration was $65.00. The chart above shows the exact max pain for each expiration date.
Does ES trade above or below its max pain?
Eversource Energy closed above its near-term max pain on 12 of the last 20 trading days. On Nov 4, 2026 it closed at $70.46, 8.4% above max pain of $65.00.
How has ES max pain changed recently?
Over the last 20 trading days, near-term max pain for Eversource Energy ranged from $65.00 to $70.00. It went from $70.00 on Oct 8, 2026 to $65.00 on Nov 4, 2026. See the ES max pain history for a longer view.
What is Eversource Energy?
Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electricity and gas distribution service to more than 4 million customers in the Northeast US.