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Western Midstream Partners WES 39.85 -2.69 -6.32%

Previous-day view · Thu Nov 5 close. You are previewing the previous trading day. Subscribe to see today live and every other date — Trader is $59/mo. Sign up Sign in

Expected move

November 05, 2026 close · $40.11
Horizon Expected move Typical range 2 in 3 closes 9 in 10 closes
Next session ±1.2% ±$0.47 $39.63 – $40.58 $39.54 – $40.68 $39.09 – $41.13
2 sessions ±1.6% ±$0.66 $39.45 – $40.77 $39.31 – $40.91 $38.68 – $41.54
3 sessions ±2.1% ±$0.83 $39.27 – $40.94 $39.11 – $41.10 $38.33 – $41.88
1 week ±2.6% ±$1.06 $39.05 – $41.17 $38.81 – $41.40 $37.85 – $42.36
2 weeks ±3.7% ±$1.48 $38.62 – $41.59 $38.27 – $41.94 $36.94 – $43.28
3 weeks ±4.4% ±$1.77 $38.33 – $41.88 $37.90 – $42.32 $36.35 – $43.86
1 month ±5.1% ±$2.05 $38.05 – $42.16 $37.54 – $42.67 $35.75 – $44.47
Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. Draw the cone on the chart →

Volatility premium

Beta
The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move
±3.88%
Average actual move
3.84%
Beyond the implied move
2 / 3
Median IV change
-15.79%
Reaction session Implied Actual Used ATM IV before → after
May 07, 2026 ±4.00% +4.97% 1.24× —
August 07, 2025 ±3.53% -4.69% 1.33× —
May 08, 2025 ±4.10% +1.86% 0.45× 32.6% → 27.0%
Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →