Westlake Chemical Partner... (WLKP)
Westlake Chemical Partners LP Max Pain By Strike
WLKP trades at $21.87, 2.8% below the near-term max pain of $22.5 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($12.5-$22.5), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 3 expirations converge.
Westlake Chemical Partners LP Max Pain By Expiry
Max pain for WLKP shows a downward trend from 22.5 to 12.5, indicating bearish sentiment or hedging activity. The 54% spread signals divergent expectations across timeframes. Levels distributed around 21.87. Strong magnetic level at 23 (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 | 22.5 | 0.63 (2.88%) |
| Sep 19, 2025 | 12.5 | -9.37 (-42.84%) |
| Oct 17, 2025 | 12.5 | -9.37 (-42.84%) |
| Nov 21, 2025 | 22.5 | 0.63 (2.88%) |
| Feb 20, 2026 | 22.5 | 0.63 (2.88%) |