Western Midstream Partner... (WES)
NYSE: WES
· Real-Time Price · USD
38.26
0.11 (0.29%)
At close: Aug 19, 2025, 3:59 PM
38.25
-0.01%
After-hours: Aug 19, 2025, 04:10 PM EDT
WES Delta Exposure By Expiry
The total Delta Exposure (DEX) for WES across all expirations shows 29,149.78 net shares that market makers must hedge, with 167,510.04 from calls and 138,360.26 from puts. The put-call delta ratio of 0.83 suggests neutral market maker positioning. The largest delta concentration at Jan 15, 27 with 53,228.16 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
WES DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 20,826.33 | -27,022.57 | -6,196.24 | 1.30 |
| Oct 17, 25 | 548.32 | -266.72 | 281.6 | 0.49 |
| Nov 21, 25 | 30,772.89 | -34,330.51 | -3,557.62 | 1.12 |
| Jan 16, 26 | 41,378.99 | -57,685.77 | -16,306.78 | 1.39 |
| Feb 20, 26 | 11,082.89 | -9,382.23 | 1,700.66 | 0.85 |
| Jan 15, 27 | 62,900.62 | -9,672.46 | 53,228.16 | 0.15 |