This page reflects VNOM 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 — VNOM
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $45.00 (2.70 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$3.53
±7.4%
Days to Expiry
29
Calendar days
Total Call OI
9,444
Nearest expiry
Total Put OI
4,254
Nearest expiry
P/C OI Ratio
0.45
Put-heavy
Spot Price
$47.70
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
$46.00
4/17/2026, 11:29:32 PM
2026-05-15
$48.00
5/15/2026, 11:44:46 PM
2026-06-18NextUpdated
$45.00
5/20/2026, 11:38:09 PM
2026-09-18
$42.00
5/20/2026, 11:38:09 PM
2026-11-20
$40.00
5/20/2026, 11:38:09 PM
2026-12-18
$43.00
5/20/2026, 11:38:09 PM
Selected expiration: 2026-06-18 at max pain $45.00.
VNOM pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
9742800
9742800
25
0
7616300
7616300
29
0
6025500
6025500
30
0
5627800
5627800
31
0
5235400
5235400
32
0
4845400
4845400
33
0
4461200
4461200
34
0
4082600
4082600
35
0
3709800
3709800
36
400
3352800
3353200
37
2300
3002500
3004800
38
4400
2657800
2662200
39
6500
2324000
2330500
40
51700
2004800
2056500
41
97200
1707900
1805100
42
143000
1417200
1560200
43
192300
1141900
1334200
44
279700
883200
1162900
45
477000
637000
1114000
46
701100
413300
1114400
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.