This page reflects LBRT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — LBRT
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $29.00 (5.21 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$29.00
Nearest expiry
Expected Move
±$1.20
±5.0%
Days to Expiry
15
Calendar days
Total Call OI
4,266
Nearest expiry
Total Put OI
1,917
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$23.79
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
2026-05-15
$30.00
5/15/2026, 11:20:02 PM
2026-06-18
$28.00
6/18/2026, 11:20:49 PM
2026-07-17NextUpdated
$29.00
7/3/2026, 11:17:45 PM
2026-08-21
$27.00
7/3/2026, 11:17:45 PM
2026-09-18
$26.00
7/3/2026, 11:17:45 PM
2026-12-18
$23.00
7/3/2026, 11:17:45 PM
2027-01-15
$15.00
7/3/2026, 11:17:45 PM
Selected expiration: 2026-07-17 at max pain $29.00.
LBRT pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
19
0
1716500
1716500
21
0
1333300
1333300
22
0
1143300
1143300
23
0
953900
953900
24
300
767500
767800
25
600
586800
587400
26
3400
411200
414600
27
8400
238200
246600
28
14800
69800
84600
29
39300
4900
44200
30
115000
2400
117400
31
497400
1400
498800
32
895800
500
896300
33
1298700
200
1298900
34
1703600
0
1703600
35
2110300
0
2110300
36
2517800
0
2517800
37
2925900
0
2925900
38
3334400
0
3334400
39
3743000
0
3743000
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.