Western Midstream Stock Options Expiring on 15th of August

WES Stock  USD 40.47  0.12  0.30%   
Western Midstream's latest option contracts expiring on August 15th 2025 are carrying combined implied volatility of 0.58 with a put-to-call open interest ratio of 0.46 over 46 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on August 15th 2025. The total put volume is at 118, with calls trading at the volume of 849. This yields a 0.14 put-to-call volume ratio.

Open Interest Against August 15th 2025 Option Contracts

Western Midstream option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Western Midstream's lending market. For example, when Western Midstream's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Western Midstream, he or she must hedge the risk by shorting Western Midstream stock over its option's life.
The chart above shows Western Midstream's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Western Midstream's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Western Midstream's option, there is no secondary market available for investors to trade.

Western Midstream Maximum Pain Price Across 2025-08-15 Option Contracts

Max pain occurs when Western Midstream's market makers reach a net positive position across all Western Midstream's options at a strike price where option holders stand to lose the most money. By contrast, Western Midstream's option sellers may reap the most after selling more options than buying, causing them to expire worthless.

Western Midstream In The Money Call Balance

When Western Midstream's strike price is surpassing the current stock price, the option contract against Western Midstream Partners stock is said to be in the money. When it comes to buying Western Midstream's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Western Midstream Partners are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Western Current Options Market Mood

Western Midstream's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Western Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Western Midstream's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Western Midstream's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current Western contract

Base on the Rule 16, the options market is currently suggesting that Western Midstream Partners will have an average daily up or down price movement of about 0.0363% per day over the life of the 2025-08-15 option contract. With Western Midstream trading at USD 40.47, that is roughly USD 0.0147. If you think that the market is fully incorporating Western Midstream's daily price movement you should consider buying Western Midstream Partners options at the current volatility level of 0.58%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Western Midstream Option Chain

When Western Midstream's strike price is surpassing the current stock price, the option contract against Western Midstream Partners stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Western Midstream's option chain is a display of a range of information that helps investors for ways to trade options on Western. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Western. It also shows strike prices and maturity days for a Western Midstream against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
Call
WES250815C000500002850.00.0 - 0.950.95Out
Call
WES250815C00049000149.00.0 - 1.21.2Out
Call
WES250815C00048000648.00.0 - 0.750.75Out
Call
WES250815C0004700061747.00.0 - 0.950.95Out
Call
WES250815C00046000946.00.0 - 0.950.95Out
Call
WES250815C0004500012845.00.0 - 0.950.09Out
Call
WES250815C0004400024244.00.0 - 0.50.08Out
Call
WES250815C0004300033643.00.0 - 0.20.1Out
Call
WES250815C00042000119942.00.05 - 0.250.29Out
Call
WES250815C00041000171341.00.3 - 0.550.66Out
Call
WES250815C00040000151440.00.8 - 1.050.89In
Call
WES250815C0003900028739.01.55 - 1.751.84In
Call
WES250815C0003800040038.02.45 - 2.652.72In
Call
WES250815C000370007437.03.3 - 3.73.75In
Call
WES250815C000360002836.04.2 - 4.84.74In
Call
WES250815C000350001035.05.3 - 6.63.75In
Call
WES250815C0003400027334.04.8 - 8.64.56In
Call
WES250815C000330001133.05.8 - 9.55.55In
Call
WES250815C000320002832.06.8 - 10.56.24In
Call
WES250815C00031000631.08.0 - 11.56.8In
Call
WES250815C000300002930.08.8 - 12.48.4In
Call
WES250815C00025000125.013.7 - 17.513.59In
Call
WES250815C00020000120.018.7 - 22.518.2In
 Put
WES250815P00050000150.09.6 - 11.19.6In
 Put
WES250815P00049000049.08.2 - 10.88.2In
 Put
WES250815P000480001548.07.8 - 10.07.8In
 Put
WES250815P00047000047.07.0 - 9.47.0In
 Put
WES250815P00046000046.06.2 - 7.16.2In
 Put
WES250815P00045000045.05.0 - 7.45.0In
 Put
WES250815P0004400014344.04.3 - 6.05.4In
 Put
WES250815P0004300018243.03.3 - 3.53.34In
 Put
WES250815P0004200018442.02.35 - 2.652.35In
 Put
WES250815P0004100015041.01.6 - 1.81.17In
 Put
WES250815P0004000029140.00.95 - 1.21.1Out
 Put
WES250815P0003900028939.00.55 - 0.750.65Out
 Put
WES250815P0003800030738.00.25 - 0.40.25Out
 Put
WES250815P0003700066137.00.15 - 0.250.2Out
 Put
WES250815P0003600031136.00.1 - 0.20.1Out
 Put
WES250815P0003500038135.00.05 - 0.250.5Out
 Put
WES250815P0003400011834.00.0 - 1.20.08Out
 Put
WES250815P000330006033.00.0 - 0.10.05Out
 Put
WES250815P000320006032.00.0 - 1.00.24Out
 Put
WES250815P000310004131.00.0 - 1.40.19Out
 Put
WES250815P000300002830.00.0 - 0.550.55Out
 Put
WES250815P00025000125.00.0 - 0.40.4Out
 Put
WES250815P00020000220.00.0 - 1.350.02Out

Western Midstream Market Cap Over Time

   Market Cap   
       Timeline  

Western Total Stockholder Equity

Total Stockholder Equity

2.03 Billion

At this time, Western Midstream's Total Stockholder Equity is comparatively stable compared to the past year.

Western Midstream Corporate Directors

Thomas HixIndependent Director of the General PartnerProfile
Nicole ClarkDirector of the General PartnerProfile
Jennifer KirkDirector of Western Gas Equity Holdings, LLCProfile
Steven ArnoldIndependent Director of Western Gas Holdings, LLCProfile

Additional Tools for Western Stock Analysis

When running Western Midstream's price analysis, check to measure Western Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Midstream is operating at the current time. Most of Western Midstream's value examination focuses on studying past and present price action to predict the probability of Western Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Midstream's price. Additionally, you may evaluate how the addition of Western Midstream to your portfolios can decrease your overall portfolio volatility.