Hess Midstream (HESM) Options Chain

NYSE: HESMEnergyOil & Gas ProductionUSD

32.26-1.74 (-5.12%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: May 21, 2027
Days to expiration: 223
Share price: $32.26
Put/call ratio (OI): 0.44
Put/call ratio (volume): 1.32
ATM implied volatility: 36.3%
Expected move: ±$9.15
Open interest (C / P): 527 / 233

HESM options summary

The HESM options chain for the May 21, 2027 expiration lists 10 call and 7 put contracts, with 223 days until expiration. Open interest stands at 527 calls and 233 puts, a put/call ratio of 0.44, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $32.00 strike is 36.3%, which implies the market expects a move of about ±$9.15 (28.4%) in Hess Midstream stock by expiration.

The most open interest sits at the $37.00 call (273 contracts) and the $30.00 put (90 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

HESM options chain · May 21, 2027

HESM calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	30.00	1.95	2.60	2.15	37.4%	143	90
—	—	—	—	—	—	32.00	1.90	3.50	0.95	36.3%	—	4
HESM $32.26
—	—	—	—	—	—	33.00	3.30	4.00	3.50	35.6%	10	59
13	29	25.4%	1.60	0.85	1.85	34.00	—	—	—	—	—	—
99	32	28.9%	1.85	1.00	1.85	35.00	—	—	—	—	—	—
—	—	—	—	—	—	36.00	4.50	6.20	4.80	38.3%	7	8
273	13	30.0%	1.26	0.60	1.40	37.00	5.30	7.00	2.25	39.2%	38	39
20	3	30.3%	0.93	0.05	1.20	38.00	6.40	7.80	3.75	39.8%	—	20
4	2	30.2%	0.77	0.20	1.00	39.00	—	—	—	—	—	—
47	14	27.6%	0.45	0.05	0.65	40.00	7.90	9.60	7.85	42.5%	1	13
2	1	30.3%	1.05	0.05	0.70	41.00	—	—	—	—	—	—
54	54	32.1%	0.35	0.05	0.70	42.00	—	—	—	—	—	—
5	3	33.1%	0.60	0.00	0.65	43.00	—	—	—	—	—	—
10	—	34.8%	0.93	0.00	0.65	44.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the HESM put/call ratio?

For the May 21, 2027 expiration, the HESM put/call ratio based on open interest is 0.44 (233 puts vs 527 calls), and 1.32 based on today's volume. A ratio above 1 means more puts than calls.

What is HESM's implied volatility?

At-the-money implied volatility for HESM options expiring May 21, 2027 is about 36.3%, an annualized estimate of how much the market expects Hess Midstream stock to move.

How many HESM option expiration dates are there?

HESM has 5 listed expiration dates, from Oct 16, 2026 to May 21, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.