Western Midstream Stock Options Expiring on 19th of September
| WES Stock | USD 39.39 1.08 2.67% |
Western Midstream's latest option contracts expiring on September 19th 2025 are carrying combined implied volatility of 0.33 with a put-to-call open interest ratio of 0.0 over 20 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on September 19th 2025. The total put volume is at 19.0, with calls trading at the volume of 493. This yields a 0.04 put-to-call volume ratio.
Open Interest Against September 19th 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.
2025-09-19
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 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 0.0206% per day over the life of the 2025-09-19 option contract. With Western Midstream trading at USD 39.39, that is roughly USD 0.008124. 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 0.33%. 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 Int | Strike Price | Current Spread | Last Price | |||
Call | WES250919C00048000 | 0 | 48.0 | 0.0 - 1.5 | 1.5 | |
Call | WES250919C00047000 | 3 | 47.0 | 0.0 - 1.0 | 0.05 | Out |
Call | WES250919C00046000 | 0 | 46.0 | 0.0 - 1.15 | 1.15 | |
Call | WES250919C00045000 | 0 | 45.0 | 0.0 - 0.25 | 0.25 | |
Call | WES250919C00044000 | 50 | 44.0 | 0.0 - 0.15 | 0.15 | Out |
Call | WES250919C00043000 | 100 | 43.0 | 0.1 - 0.15 | 0.12 | Out |
Call | WES250919C00042000 | 119 | 42.0 | 0.15 - 0.35 | 0.35 | Out |
Call | WES250919C00041000 | 41 | 41.0 | 0.35 - 0.55 | 0.84 | Out |
Call | WES250919C00040000 | 0 | 40.0 | 0.65 - 0.9 | 1.28 | |
Call | WES250919C00039000 | 0 | 39.0 | 1.1 - 1.35 | 1.1 | In |
Put | WES250919P00048000 | 0 | 48.0 | 9.1 - 10.3 | 9.1 | In |
Put | WES250919P00047000 | 0 | 47.0 | 7.7 - 10.1 | 7.7 | In |
Put | WES250919P00046000 | 0 | 46.0 | 7.1 - 8.4 | 7.1 | In |
Put | WES250919P00045000 | 0 | 45.0 | 5.9 - 8.4 | 5.9 | In |
Put | WES250919P00044000 | 0 | 44.0 | 4.9 - 5.9 | 4.9 | In |
Put | WES250919P00043000 | 0 | 43.0 | 4.3 - 6.5 | 4.3 | In |
Put | WES250919P00042000 | 0 | 42.0 | 3.4 - 4.8 | 3.4 | In |
Put | WES250919P00041000 | 0 | 41.0 | 2.6 - 3.1 | 2.6 | In |
Put | WES250919P00040000 | 1 | 40.0 | 1.85 - 2.2 | 1.8 | In |
Put | WES250919P00039000 | 0 | 39.0 | 0.55 - 2.05 | 1.1 |
Western Midstream Market Cap Over Time
Market Cap |
| Timeline |
Western Total Stockholder Equity
Total Stockholder Equity |
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Western Midstream Corporate Directors
| Thomas Hix | Independent Director of the General Partner | Profile | |
| Nicole Clark | Director of the General Partner | Profile | |
| Jennifer Kirk | Director of Western Gas Equity Holdings, LLC | Profile | |
| Steven Arnold | Independent Director of Western Gas Holdings, LLC | Profile |
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.