Western Midstream Partners, LPClose $46.02EOD only
Max Pain
$43.00
Next expiry Jun 18, 2026
Expected Move
±$2.05
4.5% from close
Price Gap
-3.02
Distance to max pain
IV Rank
3
Low premium
P/C OI
0.41
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects WES options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — WES
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $43.00 (3.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$43.00
Nearest expiry
Expected Move
±$2.05
±4.5%
Days to Expiry
29
Calendar days
Total Call OI
5,749
Nearest expiry
Total Put OI
986
Nearest expiry
P/C OI Ratio
0.17
Put-heavy
Spot Price
$46.02
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$41.00
4/17/2026, 11:28:52 PM
2026-05-15
$42.00
5/15/2026, 11:47:04 PM
2026-06-18NextUpdated
$43.00
5/20/2026, 11:41:31 PM
2026-07-17
$44.00
5/20/2026, 11:41:31 PM
2026-08-21
$41.00
5/20/2026, 11:41:31 PM
2026-11-20
$41.00
5/20/2026, 11:41:31 PM
2027-01-15
$40.00
5/20/2026, 11:41:31 PM
Selected expiration: 2026-06-18 at max pain $43.00.
WES pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
34
0
755100
755100
37
600
459300
459900
38
800
371200
372000
39
1000
295900
296900
40
1200
223900
225100
41
2600
171000
173600
42
4100
122900
127000
43
31000
80400
111400
44
102800
43000
145800
45
339600
7600
347200
46
605100
0
605100
47
897100
0
897100
48
1302400
0
1302400
49
1827600
0
1827600
50
2396600
0
2396600
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.