Hess Midstream LP (HESM) Most Active Options
The 25 most actively traded Hess Midstream LP (HESM) option contracts at the latest daily snapshot, ranked by volume. Each row shows the contract's price, implied volatility, delta, open interest, and how today's volume compares with its own 30-day average — click a contract to analyze it in the OptiView platform.
Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
Most Active HESM Contracts
| Contract | Expiration | DTE | Last | IV | IV rank (30d) | Delta | Open interest | Volume | vs 30d avg |
|---|---|---|---|---|---|---|---|---|---|
| HESM $42 call | Oct 16, 2026 | 53d | $0.28 | 21.0% | 60 | 0.17 | 0 | 528 | 20.8× avg |
| HESM $41 call | Nov 20, 2026 | 88d | $0.75 | 0.0% | 0 | 1.00 | 252 | 207 | 21.3× avg |
| HESM $40 call | Sep 18, 2026 | 25d | $0.35 | — | 30 | — | 79 | 152 | 0.5× avg |
| HESM $40 call | Oct 16, 2026 | 53d | $0.70 | — | — | — | 127 | 133 | — |
| HESM $39 call | Sep 18, 2026 | 25d | $0.75 | — | 13 | — | 9 | 34 | 7.0× avg |
| HESM $41 call | Sep 18, 2026 | 25d | $0.20 | 18.8% | 54 | 0.15 | 65 | 33 | 1.6× avg |
| HESM $37 put | Nov 20, 2026 | 88d | $1.00 | — | 4 | — | 88 | 32 | 24.5× avg |
| HESM $39 put | Sep 18, 2026 | 25d | $0.73 | — | 0 | — | 35 | 29 | 225.6× avg |
| HESM $40 call | Nov 20, 2026 | 88d | $1.10 | 0.0% | 0 | 1.00 | 546 | 23 | 2.4× avg |
| HESM $36 put | Nov 20, 2026 | 88d | $0.71 | 24.3% | 26 | -0.26 | 53 | 20 | 9.9× avg |
| HESM $34 put | Nov 20, 2026 | 88d | $0.39 | — | 11 | — | 101 | 20 | 15.3× avg |
| HESM $39 call | Oct 16, 2026 | 53d | $1.22 | — | — | — | 0 | 18 | — |
| HESM $41 call | Oct 16, 2026 | 53d | $0.43 | 0.0% | 0 | 1.00 | 0 | 11 | 1.1× avg |
| HESM $40 put | Sep 18, 2026 | 25d | $1.30 | — | 0 | — | 40 | 11 | 3.0× avg |
| HESM $40 put | Oct 16, 2026 | 53d | $1.77 | 0.0% | 0 | 1.00 | 0 | 10 | 1.6× avg |
| HESM $40 call | Feb 19, 2027 | 179d | $1.50 | 0.0% | 0 | 1.00 | 297 | 10 | 3.2× avg |
| HESM $39 put | Oct 16, 2026 | 53d | $1.10 | — | — | — | 0 | 10 | — |
| HESM $37 put | Sep 18, 2026 | 25d | $0.17 | — | 4 | — | 4 | 8 | 62.2× avg |
| HESM $29 put | Feb 19, 2027 | 179d | $0.29 | — | 34 | — | 107 | 7 | — |
| HESM $42 call | Sep 18, 2026 | 25d | $0.15 | — | 37 | — | 400 | 6 | 0.0× avg |
| HESM $38 put | Sep 18, 2026 | 25d | $0.40 | — | 1 | — | 79 | 6 | 46.7× avg |
| HESM $43 call | Nov 20, 2026 | 88d | $0.39 | — | 0 | — | 119 | 4 | 6.0× avg |
| HESM $30 call | Nov 20, 2026 | 88d | $9.30 | 0.0% | 0 | 1.00 | 3 | 3 | 1.0× avg |
| HESM $38 call | Oct 16, 2026 | 53d | $1.75 | — | — | — | 0 | 3 | — |
| HESM $37 call | Nov 20, 2026 | 88d | $2.70 | 0.0% | 0 | 1.00 | 19 | 3 | 3.3× avg |
Ranked by volume at the latest daily snapshot. "vs 30d avg" compares today's volume with the contract's own 30-day average.
The most active HESM contract today is the $42 call expiring in 53 days, with 528 contracts traded. Calls dominate the most-active list (15 of the top 25), showing where trading interest concentrates. One of these contracts is running well ahead of the usual daily volume.
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HESM Options FAQ
Which HESM option contract is most active today?
The most traded HESM contract is the $42 call expiring Oct 16, 2026, with 528 contracts traded as of Aug 24, 2026.
How does OptiView rank the most active HESM options?
The table lists the 25 HESM contracts with the highest volume at the latest daily snapshot, alongside price, implied volatility, delta, open interest, and each contract's volume versus its own 30-day average.
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.