Hess Midstream LP (HESM)
Hess Midstream LP Max Pain By Strike
HESM trades at $41.48, pinned near the near-term max pain of $42 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($7-$490), reflecting growing call interest at higher strikes. Key magnetic zone at 39 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Hess Midstream LP Max Pain By Expiry
Max pain for HESM shows an upward trend from 7 to 490, suggesting bullish positioning in longer-dated options. The 489% spread signals divergent expectations across timeframes. Most levels below 41.48 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 42 | 0.52 (1.25%) |
| Sep 19, 2025 | 41 | -0.48 (-1.16%) |
| Oct 17, 2025 | 34 | -7.48 (-18.03%) |
| Nov 21, 2025 | 39 | -2.48 (-5.98%) |
| Jan 16, 2026 | 7 | -34.48 (-83.12%) |
| Feb 20, 2026 | 39 | -2.48 (-5.98%) |
| Dec 18, 2026 | 490 | 448.52 (1081.29%) |