Hess Midstream LP (HESM)
Hess Midstream LP Max Pain By Strike
HESM trades at $40.83, pinned near the near-term max pain of $41 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7-$490), signaling increased put positioning or downside protection. Key magnetic zone at 39 where 2 expirations converge.
Hess Midstream LP Max Pain By Expiry
Max pain for HESM shows a downward trend from 490 to 7, indicating bearish sentiment or hedging activity. The 446% spread signals divergent expectations across timeframes. Levels distributed around 40.83. 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 |
|---|---|---|
| Sep 19, 2025 | 41 | 0.17 (0.43%) |
| Oct 17, 2025 | 34 | -6.83 (-16.72%) |
| Nov 21, 2025 | 39 | -1.83 (-4.47%) |
| Jan 16, 2026 | 7 | -33.83 (-82.85%) |
| Feb 20, 2026 | 39 | -1.83 (-4.47%) |
| Dec 18, 2026 | 490 | 449.18 (1100.24%) |