Western Midstream Partners, LP (WES) Options Statistics & Positioning

Western Midstream Partners, LP (WES) options trade at a 30-day at-the-money implied volatility of 14.2%, an IV rank of 29 out of 100 over the past year. The options market prices a ±$0.90 (±2.0%) move in WES for the front expiration. Max pain sits at $45 and the put/call open interest ratio is 0.48. 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

$45.74

52-week range

$37.35 – $49.61

ATM IV (30d)

14.2%

IV rank

29 / 100

Low

Expected move

±$0.90 (±2.0%)

Put/call OI

0.48

Call-heavy

Max pain

$45

↓ 1.6% below close

Next earnings

Nov 3, 2026

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

Most Active WES Contracts

Contract	Expiration	DTE	Last	IV	Volume
WES $40 put	Jan 21, 2028	469d	$2.80	23.7%	70
WES $55 put	Jan 21, 2028	469d	$11.55	22.8%	70
WES $45 put	Jan 21, 2028	469d	$4.86	21.6%	30
WES $40 put	Jan 15, 2027	98d	$0.40	24.9%	18
WES $47 call	May 21, 2027	224d	$2.04	21.0%	11

See all active WES contracts →

Explore WES Options Statistics

WES Implied Volatility

14.2% ATM IV (30d)

An IV rank of 29 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

WES Open Interest

0.48 put/call OI ratio

24,647 calls and 11,925 puts outstanding across all expirations.

Full open interest analysis →

WES Max Pain

$45 max pain

1.6% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

WES Gamma Exposure

$198.85M net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

WES Options Volume

276 contracts traded

Put/call volume ratio 4.41 — plus contracts running far above their usual volume.

Full volume & flow analysis →

WES Most Active Options

$40 top volume strike

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

Full active contracts analysis →

Upcoming Earnings

WES's next expected earnings date is Nov 3, 2026. Options currently price a ±$0.90 (±2.0%) move for the front expiration.

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WES Options FAQ

When is WES's next earnings date?

WES's next expected earnings date is Nov 3, 2026. Options currently price a ±$0.90 (±2.0%) move for the front expiration.

How often is WES options data on this page updated?

All WES 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 WES max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated WES 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.