Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Kinetik options about one week from expiration was $50.43. The chart above shows the exact max pain for each expiration date.

Kinetik closed above its near-term max pain on 19 of the last 20 trading days. On Nov 4, 2026 it closed at $51.23, 1.6% above max pain of $50.43.

Over the last 20 trading days, near-term max pain for Kinetik ranged from $50.00 to $54.43. It went from $50.03 on Oct 8, 2026 to $50.43 on Nov 4, 2026. See the KNTK max pain history for a longer view.

Kinetik Holdings Inc is a midstream operator that provides comprehensive gathering, transportation, compression, processing and treating services.