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 Viper Energy options about one week from expiration was $42.13. The chart above shows the exact max pain for each expiration date.

Viper Energy closed above its near-term max pain on 19 of the last 20 trading days. On Nov 4, 2026 it closed at $41.07, 2.5% below max pain of $42.13.

Over the last 20 trading days, near-term max pain for Viper Energy ranged from $41.60 to $43.32. It went from $42.01 on Oct 8, 2026 to $42.13 on Nov 4, 2026. See the VNOM max pain history for a longer view.

Viper Energy Inc is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties in the Permian Basin.