This page reflects VNOM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — VNOM
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $43.00 (2.25 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.00
Nearest expiry
Expected Move
±$1.98
±4.8%
Days to Expiry
15
Calendar days
Total Call OI
2,048
Nearest expiry
Total Put OI
648
Nearest expiry
P/C OI Ratio
0.32
Put-heavy
Spot Price
$40.75
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$48.00
5/15/2026, 11:44:46 PM
2026-06-18
$43.00
6/18/2026, 11:37:49 PM
2026-07-17NextUpdated
$43.00
7/3/2026, 11:33:35 PM
2026-08-21
$43.00
7/3/2026, 11:33:35 PM
2026-09-18
$44.00
7/3/2026, 11:33:35 PM
2026-11-20
$40.00
7/3/2026, 11:33:35 PM
2026-12-18
$42.00
7/3/2026, 11:33:35 PM
Selected expiration: 2026-07-17 at max pain $43.00.
VNOM pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
37
0
380500
380500
38
0
315800
315800
39
0
252500
252500
40
100
189500
189600
41
1400
140600
142000
42
3100
95800
98900
43
7900
59100
67000
44
46100
35900
82000
45
120700
18000
138700
46
215300
8700
224000
47
327100
3400
330500
48
447100
0
447100
49
582800
0
582800
50
737700
0
737700
55
1598700
0
1598700
60
2622700
0
2622700
65
3646700
0
3646700
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.