Western Midstream Partners, LPClose $43.67EOD only
Max Pain
$44.00
Next expiry Jul 17, 2026
Expected Move
±$1.18
2.7% from close
Price Gap
+0.33
Distance to max pain
IV Rank
1
Low premium
P/C OI
0.55
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Jul 2, 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
Jul 2, 2026 close
Max Pain — WES
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $44.00 (0.33 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$44.00
Nearest expiry
Expected Move
±$1.18
±2.7%
Days to Expiry
15
Calendar days
Total Call OI
2,277
Nearest expiry
Total Put OI
891
Nearest expiry
P/C OI Ratio
0.39
Put-heavy
Spot Price
$43.67
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$42.00
5/15/2026, 11:47:04 PM
2026-06-18
$43.00
6/18/2026, 11:37:56 PM
2026-07-17NextUpdated
$44.00
7/3/2026, 11:34:41 PM
2026-08-21
$42.00
7/3/2026, 11:34:41 PM
2026-11-20
$42.00
7/3/2026, 11:34:41 PM
2027-01-15
$37.00
7/3/2026, 11:34:41 PM
2027-02-19
$42.00
7/3/2026, 11:34:41 PM
Selected expiration: 2026-07-17 at max pain $44.00.
WES pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
38
0
363700
363700
39
0
276600
276600
40
0
190400
190400
41
0
108700
108700
42
100
42400
42500
43
500
14400
14900
44
4500
1600
6100
45
47100
0
47100
46
180300
0
180300
47
350600
0
350600
48
541200
0
541200
49
760400
0
760400
50
986300
0
986300
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.