This page reflects LBRT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — LBRT
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $18.00 (3.29 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$18.00
Nearest expiry
Expected Move
±$1.23
±5.8%
Days to Expiry
3
Calendar days
Total Call OI
15,416
Nearest expiry
Total Put OI
6,346
Nearest expiry
P/C OI Ratio
0.41
Put-heavy
Spot Price
$21.29
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$28.00
6/18/2026, 11:20:49 PM
2026-07-17
$26.00
7/17/2026, 11:21:14 PM
2026-08-21NextUpdated
$18.00
8/18/2026, 11:24:39 PM
2026-09-18
$20.00
8/18/2026, 11:24:39 PM
2026-12-18
$20.00
8/18/2026, 11:24:39 PM
2027-01-15
$15.00
8/18/2026, 11:24:39 PM
2027-03-19
$20.00
8/18/2026, 11:24:39 PM
Selected expiration: 2026-08-21 at max pain $18.00.
LBRT pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
3
0
9991700
9991700
4
0
9358200
9358200
8
0
6824200
6824200
13
0
3657200
3657200
14
0
3033500
3033500
15
0
2424700
2424700
16
100
1830100
1830200
17
2600
1239400
1242000
18
6200
929500
935700
19
494400
627400
1121800
20
1233400
327000
1560400
21
1985300
33900
2019200
22
2744500
21200
2765700
23
3506900
12600
3519500
24
4272900
5100
4278000
25
5052900
2000
5054900
26
6049700
900
6050600
27
7059200
0
7059200
28
8306200
0
8306200
29
9558900
0
9558900
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.