Hess Midstream LP (HESM)

HESM trades at $34.98, 10.3% below the near-term max pain of $39 expiring Oct 17, 2025 (18 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($7-$490), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HESM shows a downward trend from 490 to 7, indicating bearish sentiment or hedging activity. The 449% spread signals divergent expectations across timeframes. Most levels above 34.98 could support dips. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.