This page reflects LBRT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — LBRT
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $30.00 (2.72 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$4.03
±12.3%
Days to Expiry
29
Calendar days
Total Call OI
8,184
Nearest expiry
Total Put OI
6,812
Nearest expiry
P/C OI Ratio
0.83
Put-heavy
Spot Price
$32.72
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$28.00
4/17/2026, 11:19:43 PM
2026-05-15
$30.00
5/15/2026, 11:20:02 PM
2026-06-18NextUpdated
$30.00
5/20/2026, 11:18:58 PM
2026-09-18
$25.00
5/20/2026, 11:18:58 PM
2026-12-18
$27.00
5/20/2026, 11:18:58 PM
2027-01-15
$15.00
5/20/2026, 11:18:58 PM
Selected expiration: 2026-06-18 at max pain $30.00.
LBRT pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
15136400
15136400
7
0
13092800
13092800
8
0
12411900
12411900
11
0
10369200
10369200
12
0
9689900
9689900
13
400
9052100
9052500
14
800
8424500
8425300
15
1600
7798000
7799600
16
3200
7175500
7178700
17
4800
6563500
6568300
18
6400
5951500
5957900
19
8000
5340500
5348500
20
9600
4729500
4739100
21
24500
4118500
4143000
22
54300
3513600
3567900
23
105100
2910200
3015300
24
162700
2326700
2489400
25
221400
1744200
1965600
26
294700
1352200
1646900
27
370300
962200
1332500
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.