1.85K calls and 10.59K puts traded on Nov 4, 2026, 12.44K contracts in total. Open interest was 42.53K contracts. Over the past 30 days, volume averaged 3.04K contracts per day. The HESM option volume chart shows volume by strike and expiration date.

Hess Midstream LP Class A Share representing a limited partner Interest IV rank is 10, so its 30-day implied volatility of 31.2% is near the bottom of its one-year range. Over the past year it ranged from 16.9% on Aug 13, 2026 to 164.5% on Jul 17, 2026. See the HESM implied volatility history for a longer view.

The Hess Midstream LP Class A Share representing a limited partner Interest put/call volume ratio was 5.74 on Nov 4, 2026, so puts outnumber calls. The put/call open interest ratio was 2.77. The HESM open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Hess Midstream LP Class A Share representing a limited partner Interest options about one week from expiration was $36.30, 14.1% above the $31.81 close. The HESM max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 35.4%, options price a move of about ±$1.56 (±4.9%) over the next week, a range of roughly $30.25 to $33.37 from the Nov 4, 2026 close. The HESM expected move chart shows it for every expiration date.