WES250815C00050000 Option on Western Midstream

WES Stock  USD 40.01  0.00  0.00%   
WES250815C00050000 is a PUT option contract on Western Midstream's common stock with a strick price of 50.0 expiring on 2025-08-15. The contract was not traded in recent days and, as of today, has 23 days remaining before the expiration. The option is currently trading at an ask price of $0.95. The implied volatility as of the 23rd of July is 23.0.
When exercised, put options on Western Midstream produce a short position in Western Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Western Midstream's downside price movement.

Rule 16 of 2025-08-15 Option Contract

The options market is anticipating that Western Midstream Partners will have an average daily up or down price movement of about 0.048% per day over the life of the option. With Western Midstream trading at USD 40.01, that is roughly USD 0.0192. If you think that the market is fully understating Western Midstream's daily price movement you should consider buying Western Midstream Partners options at that current volatility level of 0.77%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on Western Midstream

An 'Out of The Money' option on Western has a strike price that Western Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Western Midstream's 'Out of The Money' options include buying the options if you expect a big move in Western Midstream's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Call Contract NameWES250815C00050000
Expires On2025-08-15
Days Before Expriration23
Delta0.131976
Vega0.021612
Gamma0.027471
Theoretical Value0.47
Open Interest28
Strike Price50.0
Current Price Spread0.0 | 0.95
Rule 16 Daily Up or DownUSD 0.0192

Western short PUT Option Greeks

Western Midstream's Option Greeks for the contract ending on 2025-08-15 at a strike price of 50.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Western Midstream's option greeks, its implied volatility helps estimate the risk of Western Midstream stock implied by the prices of the options on Western Midstream's stock.
Delta0.131976
Gamma0.027471
Theta-0.033929
Vega0.021612
Rho0.002885

Western long PUT Option Payoff at expiration

Put options written on Western Midstream grant holders of the option the right to sell a specified amount of Western Midstream at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Western Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Western Midstream is like buying insurance aginst Western Midstream's downside shift.
   Profit   
       Western Midstream Price At Expiration  

Western short PUT Option Payoff at expiration

By selling Western Midstream's put option, the investors signal their bearish sentiment. A short position in a put option written on Western Midstream will generally make money when the underlying price is above the strike price. Therefore Western Midstream's put payoff at expiration depends on where the Western Stock price is relative to the put option strike price. The breakeven price of 50.47 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Western Midstream's price. Finally, at the strike price of 50.0, the payoff chart is constant and positive.
   Profit   
       Western Midstream Price At Expiration  
View All Western Midstream Options

Western Midstream Available Call Options

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
WES250919C00048000048.00.0 - 0.950.95Out
Call
WES250919C00047000347.00.0 - 1.150.05Out
Call
WES250919C00046000046.00.0 - 0.950.95Out
Call
WES250919C00045000045.00.0 - 1.451.45Out
Call
WES250919C000440005144.00.0 - 0.150.07Out
Call
WES250919C0004300054943.00.05 - 0.250.12Out
Call
WES250919C0004200012042.00.15 - 0.30.35Out
Call
WES250919C000410004141.00.4 - 0.550.5Out
Call
WES250919C00040000140.00.7 - 0.90.85Out
Call
WES250919C00039000039.01.15 - 1.41.15In

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.