Western Midstream Partners, LPClose $49.80EOD only
Max Pain
$45.00
Next expiry Aug 21, 2026
Expected Move
±$0.80
1.6% from close
Price Gap
-4.80
Distance to max pain
IV Rank
30
Middle-high premium
P/C OI
0.48
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: Aug 18, 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
Aug 18, 2026 close
Max Pain — WES
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $45.00 (4.80 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$0.80
±1.6%
Days to Expiry
3
Calendar days
Total Call OI
4,838
Nearest expiry
Total Put OI
3,746
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$49.80
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$43.00
6/18/2026, 11:37:56 PM
2026-07-17
$44.00
7/17/2026, 11:36:08 PM
2026-08-21NextUpdated
$45.00
8/18/2026, 11:36:00 PM
2026-09-18
$47.00
8/18/2026, 11:36:00 PM
2026-11-20
$44.00
8/18/2026, 11:36:00 PM
2027-01-15
$42.00
8/18/2026, 11:36:00 PM
2027-02-19
$48.00
8/18/2026, 11:36:00 PM
Selected expiration: 2026-08-21 at max pain $45.00.
WES pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
30
0
3684800
3684800
31
0
3311300
3311300
32
0
2937800
2937800
33
0
2567000
2567000
34
900
2203400
2204300
35
1800
1843400
1845200
36
2700
1502400
1505100
37
3600
1191500
1195100
38
4500
894300
898800
39
6400
630500
636900
40
9300
427700
437000
41
15300
315700
331000
42
23300
221500
244800
43
31400
147200
178600
44
60000
84200
144200
45
101200
33600
134800
46
187700
10500
198200
47
292900
3900
296800
48
567300
2000
569300
49
905800
1200
907000
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.