2.83K calls and 983 puts traded on Nov 4, 2026, 3.82K contracts in total. Open interest was 16.96K contracts. Over the past 30 days, volume averaged 773 contracts per day. The VNOM option volume chart shows volume by strike and expiration date.

Viper Energy IV rank is 6, so its 30-day implied volatility of 29.6% is near the bottom of its one-year range. Over the past year it ranged from 22.8% on Dec 8, 2025 to 137.9% on Jul 17, 2026. See the VNOM implied volatility history for a longer view.

The Viper Energy put/call volume ratio was 0.35 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.19. The VNOM open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Viper Energy options about one week from expiration was $42.13, 2.6% above the $41.07 close. The VNOM max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 30.7%, options price a move of about ±$1.75 (±4.3%) over the next week, a range of roughly $39.32 to $42.82 from the Nov 4, 2026 close. The VNOM expected move chart shows it for every expiration date.