WES250815P00030000 Option on Western Midstream
WES Stock | USD 40.47 0.12 0.30% |
WES250815P00030000 is a PUT option contract on Western Midstream's common stock with a strick price of 30.0 expiring on 2025-08-15. The contract was not traded in recent days and, as of today, has 25 days remaining before the expiration. The option is currently trading at an ask price of $0.55. The implied volatility as of the 21st of July is 25.0.
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 0.0489% per day over the life of the option. With Western Midstream trading at USD 40.47, that is roughly USD 0.0198. 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 0.78%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put 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.
Put Contract Name | WES250815P00030000 |
Expires On | 2025-08-15 |
Days Before Expriration | 25 |
Vega | 0.014215 |
Gamma | 0.014985 |
Theoretical Value | 0.28 |
Open Interest | 28 |
Strike Price | 30.0 |
Current Price Spread | 0.0 | 0.55 |
Rule 16 Daily Up or Down | USD 0.0198 |
Western short PUT Option Greeks
Western Midstream's Option Greeks for the contract ending on 2025-08-15 at a strike price of 30.0 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.
Delta | -0.066676 | |
Gamma | 0.014985 | |
Theta | -0.020891 | |
Vega | 0.014215 | |
Rho | -0.002199 |
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 29.72 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 30.0, the payoff chart is constant and positive.
Profit |
Western Midstream Price At Expiration |
Western Midstream Available Put 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 Int | Strike Price | Current Spread | Last Price | |||
Put | WES250919P00048000 | 0 | 48.0 | 8.2 - 9.3 | 8.2 | In |
Put | WES250919P00047000 | 0 | 47.0 | 7.1 - 9.3 | 7.1 | In |
Put | WES250919P00046000 | 0 | 46.0 | 6.0 - 7.3 | 6.0 | In |
Put | WES250919P00045000 | 0 | 45.0 | 5.0 - 7.2 | 5.0 | In |
Put | WES250919P00044000 | 0 | 44.0 | 4.2 - 5.0 | 4.2 | In |
Put | WES250919P00043000 | 0 | 43.0 | 3.4 - 4.2 | 3.4 | In |
Put | WES250919P00042000 | 0 | 42.0 | 2.55 - 2.8 | 2.55 | In |
Put | WES250919P00041000 | 0 | 41.0 | 0.9 - 2.1 | 0.9 | In |
Put | WES250919P00040000 | 0 | 40.0 | 0.65 - 1.55 | 1.42 | |
Put | WES250919P00039000 | 0 | 39.0 | 0.9 - 1.1 | 0.9 |
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.