Western Midstream Partner... (WES)
Western Midstream Partners LP Max Pain By Strike
WES trades at $38.18, 2.1% below the near-term max pain of $39 expiring Sep 19, 2025 (28 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($33-$39), reflecting growing call interest at higher strikes. Key magnetic zone at 39 where 3 expirations converge.
Western Midstream Partners LP Max Pain By Expiry
Max pain for WES shows an upward trend from 33 to 39, suggesting bullish positioning in longer-dated options. The 16% spread signals divergent expectations across timeframes. Levels distributed around 38.18. Strong magnetic level at 39 (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 |
|---|---|---|
| Sep 19, 2025 | 39 | 0.82 (2.15%) |
| Oct 17, 2025 | 38 | -0.18 (-0.47%) |
| Nov 21, 2025 | 39 | 0.82 (2.15%) |
| Jan 16, 2026 | 38 | -0.18 (-0.47%) |
| Feb 20, 2026 | 39 | 0.82 (2.15%) |
| Jan 15, 2027 | 33 | -5.18 (-13.57%) |