Western Midstream Partner... (WES)
Western Midstream Partners LP Max Pain By Strike
WES trades at $38.62, pinned near the near-term max pain of $38 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($30-$39), signaling increased put positioning or downside protection. Key magnetic zone at 38 where 3 expirations converge.
Western Midstream Partners LP Max Pain By Expiry
Max pain for WES shows a downward trend from 39 to 30, indicating bearish sentiment or hedging activity. The 25% spread signals divergent expectations across timeframes. Most levels below 38.62 may cap rallies. Strong magnetic level at 38 (3 expirations). 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 | 38 | -0.62 (-1.61%) |
| Sep 19, 2025 | 39 | 0.38 (0.98%) |
| Oct 17, 2025 | 30 | -8.62 (-22.32%) |
| Nov 21, 2025 | 39 | 0.38 (0.98%) |
| Jan 16, 2026 | 38 | -0.62 (-1.61%) |
| Feb 20, 2026 | 38 | -0.62 (-1.61%) |
| Jan 15, 2027 | 30 | -8.62 (-22.32%) |