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: Feb 19, 2027
Days to expiration: 131
Share price: $45.62
Put/call ratio (OI): 0.44
Put/call ratio (volume): 0.87
ATM implied volatility: 25.2%
Expected move: ±$6.90
Open interest (C / P): 2.67K / 1.16K

WES options summary

The WES options chain for the February 19, 2027 expiration lists 14 call and 16 put contracts, with 131 days until expiration. Open interest stands at 2,673 calls and 1,163 puts, a put/call ratio of 0.44, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $46.00 strike is 25.2%, which implies the market expects a move of about ±$6.90 (15.1%) in Western Midstream Partners stock by expiration.

The most open interest sits at the $55.00 call (1.63K contracts) and the $50.00 put (298 contracts).

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

WES options chain · February 19, 2027

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
17	4	78.8%	16.18	13.90	17.40	30.00	0.00	0.25	0.35	44.6%	—	5
0	—	71.4%	9.17	11.70	15.10	35.00	0.00	0.65	0.47	39.9%	5	15
—	—	—	—	—	—	36.00	0.05	0.65	0.95	36.8%	1	3
—	—	—	—	—	—	37.00	0.15	0.50	0.40	31.0%	1	7
—	—	—	—	—	—	38.00	0.25	0.55	0.55	29.0%	100	114
230	150	30.4%	5.10	5.60	6.70	40.00	0.55	0.85	0.72	27.4%	1	78
4	1	29.4%	4.70	4.70	5.90	41.00	0.80	1.10	1.05	27.3%	10	15
175	—	26.9%	3.80	3.80	5.00	42.00	1.10	1.35	1.60	26.6%	10	62
10	5	49.9%	3.40	6.00	6.70	43.00	1.40	1.85	2.20	28.1%	3	73
12	7	53.8%	3.96	5.20	6.60	44.00	1.80	2.25	2.40	27.9%	15	45
24	5	21.9%	2.69	2.05	2.70	45.00	2.30	2.75	3.25	28.1%	3	121
WES $45.62
111	3	21.3%	1.80	1.70	2.15	46.00	2.70	3.40	3.55	29.2%	5	206
14	2	20.5%	1.41	1.25	1.65	47.00	3.30	4.00	4.86	29.4%	10	23
146	2	20.5%	2.87	0.95	1.30	48.00	4.10	4.80	3.88	31.1%	10	6
154	22	20.3%	1.15	0.70	1.00	49.00	—	—	—	—	—	—
148	4	20.7%	0.70	0.50	0.80	50.00	5.60	6.30	3.61	32.4%	4	298
1,628	6	26.9%	0.25	0.05	0.50	55.00	9.70	10.90	9.47	40.2%	5	92

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 February 19, 2027 expiration, the WES put/call ratio based on open interest is 0.44 (1,163 puts vs 2,673 calls), and 0.87 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 February 19, 2027 is about 25.2%, 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.