This page reflects LBRT 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 — LBRT
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $19.00 (0.31 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$19.00
Nearest expiry
Expected Move
±$1.80
±9.3%
Days to Expiry
14
Calendar days
Total Call OI
8,689
Nearest expiry
Total Put OI
3,994
Nearest expiry
P/C OI Ratio
0.46
Put-heavy
Spot Price
$19.31
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$19.00
8/21/2026, 11:19:00 PM
2026-09-18
$20.00
9/18/2026, 11:19:02 PM
2026-10-16NextUpdated
$19.00
10/2/2026, 11:19:30 PM
2026-11-20
$18.00
10/2/2026, 11:19:30 PM
2026-12-18
$20.00
10/2/2026, 11:19:30 PM
2027-01-15
$15.00
10/2/2026, 11:19:30 PM
2027-03-19
$20.00
10/2/2026, 11:19:30 PM
Selected expiration: 2026-10-16 at max pain $19.00.
LBRT pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
15
0
865700
865700
16
100
466900
467000
17
300
69400
69700
18
500
36800
37300
19
12600
16700
29300
20
28800
4700
33500
21
111500
1400
112900
22
205000
400
205400
23
811100
100
811200
24
1454300
0
1454300
25
2280300
0
2280300
26
3148400
0
3148400
27
4016700
0
4016700
28
4885400
0
4885400
29
5754200
0
5754200
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.