What is SLB max pain this week?

SLB max pain for the nearest expiration (2026-08-21) is $50.00. Total call open interest: 62,386. Total put open interest: 28,640.

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 $53.21EOD only

Max Pain

$50.00

Next expiry Aug 21, 2026

Expected Move

±$1.39

2.6% from close

Price Gap

-3.21

Distance to max pain

IV Rank

Low premium

P/C OI

0.56

Slightly call-heavy

Consensus

3/4

Partial coverage

Published snapshot: Aug 18, 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

Aug 18, 2026 close

Max Pain — SLB

Data as of market close Aug 18, 2026

Open Available Reports (3/4)

Nearest listed expiration 2026-08-21 shows max pain at $50.00 (3.21 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike

$50.00

Nearest expiry

Expected Move

±$1.39

±2.6%

Days to Expiry

Calendar days

Total Call OI

62,386

Nearest expiry

Total Put OI

28,640

Nearest expiry

P/C OI Ratio

0.46

Put-heavy

Spot Price

$53.21

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
2026-08-07	$50.00	8/7/2026, 11:32:39 PM
2026-08-14	$50.00	8/14/2026, 11:37:45 PM
2026-08-21NextUpdated	$50.00	8/18/2026, 11:28:26 PM
2026-08-28	$50.00	8/18/2026, 11:28:26 PM
2026-09-04	$52.00	8/18/2026, 11:28:26 PM
2026-09-11	$52.00	8/18/2026, 11:28:26 PM
2026-09-18	$42.50	8/18/2026, 11:28:26 PM
2026-09-25	$51.00	8/18/2026, 11:28:26 PM
2026-10-02	$50.00	8/18/2026, 11:28:26 PM
2026-11-20	$50.00	8/18/2026, 11:28:26 PM
2026-12-18	$47.50	8/18/2026, 11:28:26 PM
2027-01-15	$47.50	8/18/2026, 11:28:26 PM
2027-02-19	$42.50	8/18/2026, 11:28:26 PM
2027-03-19	$52.50	8/18/2026, 11:28:26 PM
2027-06-17	$50.00	8/18/2026, 11:28:26 PM

Selected expiration: 2026-08-21 at max pain $50.00.

SLB pain by strike for 2026-08-21 expiration
Strike	Call Pain	Put Pain	Total Pain
20	0	81705700	81705700
22.5	20000	74545700	74565700
25	42000	67386450	67428450
27.5	66750	60253700	60320450
30	92250	53129200	53221450
32.5	118750	46014200	46132950
35	145250	38934200	39079450
36	156150	36114500	36270650
37	167050	33294900	33461950
37.5	172500	31885800	32058300
38	179050	30489050	30668100
39	192250	27696850	27889100
40	205750	24904650	25110400
41	232550	22254250	22486800
41.5	246200	20929800	21176000
42	260150	19607400	19867550
42.5	274400	18285650	18560050
43	297000	17110000	17407000
43.5	319900	15935000	16254900
44	343050	14760750	15103800

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.