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: Jan 15, 2027
Days to expiration: 96
Share price: $26.62
Put/call ratio (OI): 0.15
Put/call ratio (volume): 0.11
ATM implied volatility: 21.1%
Expected move: ±$2.89
Open interest (C / P): 32.79K / 5.06K

PAGP options summary

The PAGP options chain for the January 15, 2027 expiration lists 19 call and 15 put contracts, with 96 days until expiration. Open interest stands at 32,791 calls and 5,060 puts, a put/call ratio of 0.15, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $27.00 strike is 21.1%, which implies the market expects a move of about ±$2.89 (10.8%) in Plains GP L.P. stock by expiration.

The most open interest sits at the $25.00 call (16.16K contracts) and the $26.00 put (1.30K contracts).

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

PAGP options chain · January 15, 2027

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	2	—	21.98	0.00	0.00	3.00	—	—	—	—	—	—
0	25	—	19.55	19.60	20.80	5.00	—	—	—	—	—	—
0	2	—	14.98	0.00	0.00	10.00	0.00	0.20	0.21	101.6%	2	12
0	1	—	10.10	0.00	0.00	15.00	0.00	0.10	0.10	55.9%	1	484
0	35	—	7.95	0.00	0.00	17.00	0.00	0.05	0.05	44.9%	1	222
1	1	—	6.75	6.60	7.90	18.00	—	—	—	—	—	—
—	—	—	—	—	—	19.00	0.00	0.40	0.35	56.6%	—	1
498	1	60.0%	8.41	5.80	7.30	20.00	0.00	0.00	0.05	12.5%	5	0
20	60	72.1%	5.40	6.30	7.70	21.00	0.25	0.40	0.55	43.8%	1	2
223	1	33.3%	5.00	4.20	4.90	22.00	0.05	0.15	0.10	27.9%	1	287
101	120	55.7%	3.70	4.80	5.20	23.00	0.05	0.25	0.30	26.7%	1	64
1,597	20	22.0%	3.60	2.70	2.90	24.00	0.15	0.40	0.50	25.3%	1	1,119
16,160	1	18.6%	2.03	1.85	2.00	25.00	0.45	0.60	0.50	23.5%	2	748
3,964	1	22.5%	1.25	1.15	1.55	26.00	0.80	1.05	1.07	24.7%	5	1,300
PAGP $26.62
5,782	101	18.6%	0.85	0.70	0.85	27.00	1.20	1.50	1.50	23.6%	9	805
409	4	19.7%	0.45	0.40	0.55	28.00	1.75	2.40	1.32	28.8%	1	16
677	50	19.3%	0.30	0.20	0.30	29.00	—	—	—	—	—	—
3,191	1	23.7%	0.15	0.10	0.30	30.00	9.80	11.20	11.80	153.6%	17	0
168	1	30.5%	0.35	0.00	0.40	31.00	—	—	—	—	—	—
0	1	12.5%	0.05	0.00	0.00	35.00	0.00	0.00	10.74	—	2	0

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 January 15, 2027 expiration, the PAGP put/call ratio based on open interest is 0.15 (5,060 puts vs 32,791 calls), and 0.11 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 January 15, 2027 is about 21.1%, 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.