Western Midstream Partners (WES) Options Chain

NYSE: WESUtilitiesNatural Gas DistributionUSD

45.62-0.20 (-0.44%)

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

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 6
Share price: $45.62
Put/call ratio (OI): 1.85
Put/call ratio (volume): 0.91
ATM implied volatility: 28.0%
Expected move: ±$1.64
Open interest (C / P): 1.45K / 2.68K

WES options summary

The WES options chain for the October 16, 2026 expiration lists 11 call and 12 put contracts, with 6 days until expiration. Open interest stands at 1,446 calls and 2,677 puts, a put/call ratio of 1.85, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $46.00 strike is 28.0%, which implies the market expects a move of about ±$1.64 (3.6%) in Western Midstream Partners stock by expiration.

The most open interest sits at the $50.00 call (377 contracts) and the $47.00 put (1.16K contracts).

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

WES options chain · October 16, 2026

WES 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
8	—	108.2%	6.69	6.30	7.90	39.00	—	—	—	—	—	—
—	—	—	—	—	—	40.00	0.00	0.65	0.10	84.4%	—	1
1	—	69.5%	6.20	4.30	5.50	41.00	0.00	0.10	0.05	52.7%	—	1
2	—	50.6%	4.44	3.10	4.50	42.00	0.00	0.45	0.05	54.3%	—	1
—	—	—	—	—	—	43.00	0.00	0.20	0.25	41.4%	2	58
19	1	58.5%	1.10	1.45	2.40	44.00	0.00	0.15	0.12	27.1%	1	1,051
46	6	32.0%	1.09	0.70	1.15	45.00	0.15	0.35	0.30	24.4%	3	256
WES $45.62
71	2	30.7%	0.40	0.30	0.60	46.00	0.45	0.85	0.47	25.4%	3	145
117	2	26.5%	0.14	0.05	0.20	47.00	1.10	1.70	1.40	32.6%	10	1,163
227	1	33.5%	0.03	0.00	0.15	48.00	1.50	2.70	2.87	43.9%	10	0
316	21	64.2%	0.02	0.00	0.50	49.00	2.50	3.80	1.15	59.8%	1	1
377	1	50.6%	0.05	0.00	0.30	50.00	3.50	4.80	4.68	69.5%	2	0
262	1	63.3%	0.07	0.00	0.05	55.00	—	—	—	—	—	—
—	—	—	—	—	—	70.00	22.80	25.40	24.49	250.9%	—	0

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 WES put/call ratio?

For the October 16, 2026 expiration, the WES put/call ratio based on open interest is 1.85 (2,677 puts vs 1,446 calls), and 0.91 based on today's volume. A ratio above 1 means more puts than calls.

What is WES's implied volatility?

At-the-money implied volatility for WES options expiring October 16, 2026 is about 28.0%, an annualized estimate of how much the market expects Western Midstream Partners stock to move.

How many WES option expiration dates are there?

WES has 7 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

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.