Plains GP L.P. (PAGP) Options Chain

NASDAQ: PAGPEnergyNatural Gas DistributionUSD

26.62+0.05 (+0.19%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $26.62
Put/call ratio (OI): 0.38
Put/call ratio (volume): 0.01
ATM implied volatility: 25.1%
Expected move: ±$2.21
Open interest (C / P): 53.31K / 20.47K

PAGP options summary

The PAGP options chain for the November 20, 2026 expiration lists 17 call and 12 put contracts, with 40 days until expiration. Open interest stands at 53,314 calls and 20,472 puts, a put/call ratio of 0.38, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $27.00 strike is 25.1%, which implies the market expects a move of about ±$2.21 (8.3%) in Plains GP L.P. stock by expiration.

The most open interest sits at the $26.00 call (15.75K contracts) and the $26.00 put (7.35K contracts).

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

PAGP options chain · November 20, 2026

PAGP 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
0	—	—	11.97	0.00	0.00	13.00	—	—	—	—	—	—
1	5	122.5%	8.35	8.70	10.10	18.00	0.05	0.40	0.25	84.6%	—	15
0	7	102.0%	7.50	7.70	8.80	19.00	0.00	0.10	0.10	54.7%	15	22
0	25	—	4.99	0.00	0.00	20.00	0.00	0.40	0.10	64.1%	10	93
0	2	—	4.03	0.00	0.00	21.00	0.00	0.40	0.40	55.5%	4	503
12	1,820	97.6%	4.40	5.20	6.70	22.00	0.00	0.00	0.15	12.5%	8	0
917	9,530	77.9%	3.60	4.20	5.30	23.00	0.00	0.10	0.05	32.0%	1	431
10,494	24	26.6%	2.70	2.50	2.75	24.00	0.05	0.20	0.10	30.4%	12	2,110
15,484	1	23.1%	1.75	1.55	1.85	25.00	0.20	0.35	0.25	27.8%	15	1,888
15,750	2	18.5%	1.02	0.85	1.00	26.00	0.50	0.65	0.85	26.7%	71	7,351
PAGP $26.62
3,216	55	17.6%	0.40	0.40	0.45	27.00	1.00	1.35	1.20	32.5%	4	3,603
2,308	56	20.7%	0.17	0.15	0.25	28.00	1.80	2.15	1.90	37.5%	2	4,455
3,667	50	23.6%	0.10	0.05	0.15	29.00	2.45	3.20	2.70	48.0%	—	1
385	2	26.6%	0.09	0.00	0.10	30.00	—	—	—	—	—	—
1,065	1	47.6%	0.07	0.00	0.40	31.00	—	—	—	—	—	—
5	20	53.6%	0.35	0.00	0.40	32.00	—	—	—	—	—	—
10	—	56.7%	0.26	0.00	0.35	33.00	—	—	—	—	—	—

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 PAGP put/call ratio?

For the November 20, 2026 expiration, the PAGP put/call ratio based on open interest is 0.38 (20,472 puts vs 53,314 calls), and 0.01 based on today's volume. A ratio above 1 means more puts than calls.

What is PAGP's implied volatility?

At-the-money implied volatility for PAGP options expiring November 20, 2026 is about 25.1%, an annualized estimate of how much the market expects Plains GP L.P. stock to move.

How many PAGP option expiration dates are there?

PAGP 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.