PAA · Plains All American Pipeline LP

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$24.89 +0.46 (+1.88%) At close · Jul 29

Market Cap

$17.56B

705.53M

Options Chain

15-min delayed Underlying $24.89 · at close Jul 29, 2026 Options Calculator

Positioning

Jul 31, 2026 · 1 days to expiry · 64 contracts

Put / call OI

0.61

Call-heavy positioning

Open interest

1,139

contracts outstanding

Volume

351

traded today

Max pain

$23.50

$1.39 below spot

ATM implied vol

60.8%

market's expected move

Open interest by strike · near the money

Calls Puts

17.5

18.5

19.5

20.5

21.5

22.5

23.5

24.5

25.5

26.5

27.5

28.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Jul 31 1d Aug 7 8d Aug 14 15d Aug 21 22d Aug 28 29d Sep 4 36d Sep 18 50d Nov 20 113d Jan 15 169d Feb 19 204d May 21 295d Aug 20 386d Nov 19 477d Jan 21 540d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
7	3	—	—	$11.25		—	—	—	—	0
Call · $13 In the money Last $11.25 Breakeven $24.25 Implied vol — Delta — Gamma — Theta — Vega — Open interest 7 Model this call Put · $13 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	2	—	—	$10.40		—	—	—	—	0
Call · $14 In the money Last $10.40 Breakeven $24.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $14 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
6	1	—	—	$9.95		—	—	—	—	0
Call · $15 In the money Last $9.95 Breakeven $24.95 Implied vol — Delta — Gamma — Theta — Vega — Open interest 6 Model this call Put · $15 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
6	6	—	—	$8.90		—	—	—	—	0
Call · $16 In the money Last $8.90 Breakeven $24.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 6 Model this call Put · $16 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
2	1	—	—	$7.95		—	—	—	—	0
Call · $17 In the money Last $7.95 Breakeven $24.95 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $17 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
2	8	—	—	$7.40		—	—	—	—	0
Call · $17.5 In the money Last $7.40 Breakeven $24.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $17.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
6	7	—	—	$6.90		$0.04	—	—	3	3
Call · $18 In the money Last $6.90 Breakeven $24.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 6 Model this call Put · $18 Last $0.04 Breakeven $17.96 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this put
1	2	—	—	$5.90		—	—	—	—	0
Call · $18.5 In the money Last $5.90 Breakeven $24.40 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $18.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
2	1	—	—	$5.75		—	-0.071	313.1%	—	0
Call · $19 In the money Last $5.75 Breakeven $24.75 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $19 Last — Breakeven — Implied vol 313.1% Delta -0.071 ≈7% ITM Gamma 0.027 Theta -0.228 Vega 0.002 Open interest 0 Model this put
1	2	—	—	$5.25		$0.10	-0.076	289.2%	25	25
Call · $19.5 In the money Last $5.25 Breakeven $24.75 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $19.5 Last $0.10 Breakeven $19.40 Implied vol 289.2% Delta -0.076 ≈8% ITM Gamma 0.031 Theta -0.222 Vega 0.002 Open interest 25 Model this put
1	2	—	—	$4.90		$0.15	-0.067	246.1%	2	37
Call · $20 In the money Last $4.90 Breakeven $24.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $20 Last $0.15 Breakeven $19.85 Implied vol 246.1% Delta -0.067 ≈7% ITM Gamma 0.033 Theta -0.171 Vega 0.003 Open interest 37 Model this put
3	2	—	—	$4.40		$0.05	-0.089	243.2%	1	1
Call · $20.5 In the money Last $4.40 Breakeven $24.90 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $20.5 Last $0.05 Breakeven $20.45 Implied vol 243.2% Delta -0.089 ≈9% ITM Gamma 0.041 Theta -0.21 Vega 0.003 Open interest 1 Model this put
2	2	—	—	$3.55		$0.10	-0.097	221%	8	7
Call · $21 In the money Last $3.55 Breakeven $24.55 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $21 Last $0.10 Breakeven $20.90 Implied vol 221% Delta -0.097 ≈10% ITM Gamma 0.049 Theta -0.204 Vega 0.003 Open interest 7 Model this put
1	1	—	—	$3.23		$0.07	-0.076	170.9%	8	8
Call · $21.5 In the money Last $3.23 Breakeven $24.73 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $21.5 Last $0.07 Breakeven $21.43 Implied vol 170.9% Delta -0.076 ≈8% ITM Gamma 0.052 Theta -0.131 Vega 0.003 Open interest 8 Model this put
2	4	—	—	$2.50		$0.05	-0.085	150.1%	3	15
Call · $22 In the money Last $2.50 Breakeven $24.50 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $22 Last $0.05 Breakeven $21.95 Implied vol 150.1% Delta -0.085 ≈9% ITM Gamma 0.065 Theta -0.125 Vega 0.003 Open interest 15 Model this put
48	8	—	—	$2.34		$0.05	-0.097	129.8%	3	52
Call · $22.5 In the money Last $2.34 Breakeven $24.84 Implied vol — Delta — Gamma — Theta — Vega — Open interest 48 Model this call Put · $22.5 Last $0.05 Breakeven $22.45 Implied vol 129.8% Delta -0.097 ≈10% ITM Gamma 0.083 Theta -0.119 Vega 0.003 Open interest 52 Model this put
184	1	—	—	$1.95		$0.08	-0.127	118.7%	1	6
Call · $23 In the money Last $1.95 Breakeven $24.95 Implied vol — Delta — Gamma — Theta — Vega — Open interest 184 Model this call Put · $23 Last $0.08 Breakeven $22.92 Implied vol 118.7% Delta -0.127 ≈13% ITM Gamma 0.111 Theta -0.135 Vega 0.004 Open interest 6 Model this put
80	4	—	—	$1.30		$0.10	-0.114	81.4%	16	174
Call · $23.5 In the money Last $1.30 Breakeven $24.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 80 Model this call Put · $23.5 Last $0.10 Breakeven $23.40 Implied vol 81.4% Delta -0.114 ≈11% ITM Gamma 0.149 Theta -0.085 Vega 0.003 Open interest 174 Model this put
37	5	—	—	$0.70		$0.02	-0.242	94.2%	9	31
Call · $24 In the money Last $0.70 Breakeven $24.70 Implied vol — Delta — Gamma — Theta — Vega — Open interest 37 Model this call Put · $24 Last $0.02 Breakeven $23.98 Implied vol 94.2% Delta -0.242 ≈24% ITM Gamma 0.209 Theta -0.16 Vega 0.005 Open interest 31 Model this put
208	106	—	—	$0.51		$0.18	-0.316	66.6%	41	48
Call · $24.5 In the money Last $0.51 Breakeven $25.01 Implied vol — Delta — Gamma — Theta — Vega — Open interest 208 Model this call Put · $24.5 Last $0.18 Breakeven $24.32 Implied vol 66.6% Delta -0.316 ≈32% ITM Gamma 0.336 Theta -0.129 Vega 0.006 Open interest 48 Model this put
Underlying $24.89
102	33	28.5%	0.492	$0.13		$0.90	-0.492	93.2%	2	1
Call · $25 Last $0.13 Breakeven $25.13 Implied vol 28.5% Delta 0.492 ≈49% ITM Gamma 0.892 Theta -0.061 Vega 0.006 Open interest 102 Model this call Put · $25 In the money Last $0.90 Breakeven $24.10 Implied vol 93.2% Delta -0.492 ≈49% ITM Gamma 0.273 Theta -0.204 Vega 0.006 Open interest 1 Model this put
2	2	44.5%	0.24	$0.05		$0.90	-0.6	109.9%	6	8
Call · $25.5 Last $0.05 Breakeven $25.55 Implied vol 44.5% Delta 0.24 ≈24% ITM Gamma 0.444 Theta -0.074 Vega 0.006 Open interest 2 Model this call Put · $25.5 In the money Last $0.90 Breakeven $24.60 Implied vol 109.9% Delta -0.6 ≈60% ITM Gamma 0.222 Theta -0.231 Vega 0.006 Open interest 8 Model this put
0	—	82.7%	0.232	—		$1.90	-0.625	168.9%	2	2
Call · $26 Last — Breakeven — Implied vol 82.7% Delta 0.232 ≈23% ITM Gamma 0.235 Theta -0.137 Vega 0.004 Open interest 0 Model this call Put · $26 In the money Last $1.90 Breakeven $24.10 Implied vol 168.9% Delta -0.625 ≈62% ITM Gamma 0.143 Theta -0.351 Vega 0.006 Open interest 2 Model this put
0	—	—	—	—		$2.45	-0.679	175.3%	2	2
Call · $26.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $26.5 In the money Last $2.45 Breakeven $24.05 Implied vol 175.3% Delta -0.679 ≈68% ITM Gamma 0.128 Theta -0.339 Vega 0.006 Open interest 2 Model this put
0	—	—	—	—		$2.98	-0.706	199%	4	3
Call · $27 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $27 In the money Last $2.98 Breakeven $24.02 Implied vol 199% Delta -0.706 ≈71% ITM Gamma 0.109 Theta -0.37 Vega 0.006 Open interest 3 Model this put
0	—	—	—	—		$3.15	-0.727	222.3%	2	0
Call · $27.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $27.5 In the money Last $3.15 Breakeven $24.35 Implied vol 222.3% Delta -0.727 ≈73% ITM Gamma 0.094 Theta -0.401 Vega 0.006 Open interest 0 Model this put
0	—	—	—	—		$3.85	-0.744	245.1%	2	2
Call · $28 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $28 In the money Last $3.85 Breakeven $24.15 Implied vol 245.1% Delta -0.744 ≈74% ITM Gamma 0.084 Theta -0.431 Vega 0.006 Open interest 2 Model this put
0	—	—	—	—		$4.35	-0.762	258.2%	2	2
Call · $28.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $28.5 In the money Last $4.35 Breakeven $24.15 Implied vol 258.2% Delta -0.762 ≈76% ITM Gamma 0.076 Theta -0.433 Vega 0.005 Open interest 2 Model this put
0	—	—	—	—		$5.08	-0.774	275.7%	1	2
Call · $29 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $29 In the money Last $5.08 Breakeven $23.92 Implied vol 275.7% Delta -0.774 ≈77% ITM Gamma 0.068 Theta -0.447 Vega 0.005 Open interest 2 Model this put
0	—	—	—	—		$5.99	-0.793	309.8%	1	3
Call · $30 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $30 In the money Last $5.99 Breakeven $24.01 Implied vol 309.8% Delta -0.793 ≈79% ITM Gamma 0.058 Theta -0.475 Vega 0.005 Open interest 3 Model this put
0	—	—	—	—		$6.95	-0.808	342.9%	2	0
Call · $31 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $31 In the money Last $6.95 Breakeven $24.05 Implied vol 342.9% Delta -0.808 ≈81% ITM Gamma 0.05 Theta -0.504 Vega 0.005 Open interest 0 Model this put
0	—	—	—	—		$7.95	-0.819	374.9%	2	1
Call · $32 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $32 In the money Last $7.95 Breakeven $24.05 Implied vol 374.9% Delta -0.819 ≈82% ITM Gamma 0.044 Theta -0.532 Vega 0.005 Open interest 1 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 24 strikes around the money are shown by default — switch to "All 32" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1070423 CUSIP 726503105 13F (30d) 145 filings 145 filers Visit website Investor relations