Hess Midstream LP (HESM) Options Statistics & Positioning

Hess Midstream LP (HESM) options trade at a 30-day at-the-money implied volatility of 30.9%, an IV rank of 92 out of 100 over the past year. The options market prices a ±$1.38 (±4.3%) move in HESM for the front expiration. Max pain sits at $36 and the put/call open interest ratio is 3.03. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$32.31

52-week range

$32.03 – $40.92

ATM IV (30d)

30.9%

IV rank

92 / 100

High

Expected move

±$1.38 (±4.3%)

Put/call OI

3.03

Put-heavy

Max pain

$36

↑ 11.4% above close

Next earnings

Nov 4, 2026

What's HESM's IV rank right now?Where's the max pain for HESM?Explain what gamma exposure means for HESM.

Most Active HESM Contracts

Contract	Expiration	DTE	Last	IV	Volume
HESM $30 call	May 21, 2027	221d	$3.58	29.9%	425
HESM $32 call	May 21, 2027	221d	$2.62	29.0%	169
HESM $33 call	May 21, 2027	221d	$2.00	27.5%	167
HESM $34 call	Dec 18, 2026	67d	$0.90	27.8%	61
HESM $38 call	Nov 20, 2026	39d	$0.15	33.0%	57

See all active HESM contracts →

Explore HESM Options Statistics

HESM Implied Volatility

30.9% ATM IV (30d)

An IV rank of 92 places implied volatility near the top of its 52-week range.

Full implied volatility analysis →

HESM Open Interest

3.03 put/call OI ratio

8,835 calls and 26,737 puts outstanding across all expirations.

Full open interest analysis →

HESM Max Pain

$36 max pain

11.4% above the last close — see how max pain has moved over the past year.

Full max pain analysis →

HESM Gamma Exposure

-$166.36M net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

HESM Options Volume

9,917 contracts traded

Put/call volume ratio 6.17 — plus contracts running far above their usual volume.

Full volume & flow analysis →

HESM Most Active Options

$31 top volume strike

The 25 most actively traded HESM contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

HESM's next expected earnings date is Nov 4, 2026. Options currently price a ±$1.38 (±4.3%) move for the front expiration.

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HESM Options FAQ

When is HESM's next earnings date?

HESM's next expected earnings date is Nov 4, 2026. Options currently price a ±$1.38 (±4.3%) move for the front expiration.

How often is HESM options data on this page updated?

All HESM statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see HESM max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated HESM pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.