This page reflects VNOM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 5, 2026 close
Max Pain — VNOM
Data as of market close Oct 5, 2026
Nearest listed expiration 2026-10-16 shows max pain at $42.00 (1.13 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$42.00
Nearest expiry
Expected Move
±$1.52
±3.7%
Days to Expiry
11
Calendar days
Total Call OI
3,520
Nearest expiry
Total Put OI
2,279
Nearest expiry
P/C OI Ratio
0.65
Put-heavy
Spot Price
$40.87
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$42.00
8/21/2026, 11:34:00 PM
2026-09-18
$43.00
9/18/2026, 11:36:42 PM
2026-10-16NextUpdated
$42.00
10/5/2026, 11:35:29 PM
2026-11-20
$41.00
10/5/2026, 11:35:29 PM
2026-12-18
$42.00
10/5/2026, 11:35:29 PM
2027-03-19
$42.00
10/5/2026, 11:35:29 PM
2027-05-21
$38.00
10/5/2026, 11:35:29 PM
Selected expiration: 2026-10-16 at max pain $42.00.
VNOM pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
1198900
1198900
37
800
743500
744300
38
1200
516100
517300
39
1600
293500
295100
40
2000
98600
100600
41
3300
64000
67300
42
9800
35700
45500
43
123200
16700
139900
44
262800
6400
269200
45
447700
0
447700
46
677900
0
677900
47
985100
0
985100
48
1322100
0
1322100
49
1664900
0
1664900
50
2012400
0
2012400
55
3771400
0
3771400
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.