What is SLB max pain this week?

SLB max pain for the nearest expiration (2026-05-22) is $54.00. Total call open interest: 3,672. Total put open interest: 3,189.

What is max pain in options?

Max pain is the strike price where option holders (buyers of both puts and calls) would collectively lose the most money at expiration. It represents the point of maximum financial pain for option buyers, and theory suggests stock prices tend to gravitate toward max pain as expiration approaches.

Home Options SLBMax Pain

SLB

SLB LimitedClose $57.28EOD only

Max Pain

$54.00

Next expiry May 22, 2026

Expected Move

±$1.64

2.9% from close

Price Gap

-3.28

Distance to max pain

IV Rank

Low premium

P/C OI

0.59

Slightly call-heavy

Consensus

3/4

Partial coverage

Published snapshot: May 20, 2026 close

End-of-day snapshot

This page reflects SLB 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 — SLB

Data as of market close May 20, 2026

Open Available Reports (3/4)

Nearest listed expiration 2026-05-22 shows max pain at $54.00 (3.28 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$54.00

Nearest expiry

Expected Move

±$1.64

±2.9%

Days to Expiry

Calendar days

Total Call OI

3,672

Nearest expiry

Total Put OI

3,189

Nearest expiry

P/C OI Ratio

0.87

Put-heavy

Spot Price

$57.28

Published close

Consensus

Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration

Selected: 2026-05-22

Expiration	Max Pain Strike	Last Updated
2026-05-08	$55.00	5/8/2026, 11:31:22 PM
2026-05-15	$47.50	5/15/2026, 11:36:35 PM
2026-05-22NextUpdated	$54.00	5/20/2026, 11:31:51 PM
2026-05-29	$54.00	5/20/2026, 11:31:51 PM
2026-06-05	$55.00	5/20/2026, 11:31:51 PM
2026-06-12	$55.00	5/20/2026, 11:31:51 PM
2026-06-18	$45.00	5/20/2026, 11:31:51 PM
2026-06-26	$52.00	5/20/2026, 11:31:51 PM
2026-07-17	$52.50	5/20/2026, 11:31:51 PM
2026-08-21	$55.00	5/20/2026, 11:31:51 PM
2026-09-18	$42.50	5/20/2026, 11:31:51 PM
2026-11-20	$47.50	5/20/2026, 11:31:51 PM
2026-12-18	$42.50	5/20/2026, 11:31:51 PM
2027-01-15	$42.50	5/20/2026, 11:31:51 PM
2027-03-19	$55.00	5/20/2026, 11:31:51 PM

Selected expiration: 2026-05-22 at max pain $54.00.

SLB pain by strike for 2026-05-22 expiration
Strike	Call Pain	Put Pain	Total Pain
35	0	5508450	5508450
40	1500	3913950	3915450
41	1900	3595050	3596950
43	2900	2957250	2960150
44	4200	2638350	2642550
45	5500	2319450	2324950
46	6900	2007950	2014850
47	8500	1708950	1717450
48	16800	1414450	1431250
49	27800	1124650	1152450
49.5	33400	981750	1015150
50	39000	839000	878000
51	61500	559100	620600
52	106200	405100	511300
53	155000	257000	412000
54	213000	125400	338400
55	284800	59000	343800
56	394400	28200	422600
57	530800	13200	544000
58	707000	9600	716600

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.