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: Feb 19, 2027
Days to expiration: 131
Share price: $26.62
Put/call ratio (OI): 0.28
Put/call ratio (volume): 1.62
ATM implied volatility: 23.2%
Expected move: ±$3.70
Open interest (C / P): 11.05K / 3.11K

PAGP options summary

The PAGP options chain for the February 19, 2027 expiration lists 14 call and 9 put contracts, with 131 days until expiration. Open interest stands at 11,054 calls and 3,114 puts, a put/call ratio of 0.28, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $27.00 strike is 23.2%, which implies the market expects a move of about ±$3.70 (13.9%) in Plains GP L.P. stock by expiration.

The most open interest sits at the $26.00 call (2.64K contracts) and the $26.00 put (905 contracts).

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

PAGP options chain · February 19, 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
1	1	83.1%	8.29	9.30	10.60	18.00	—	—	—	—	—	—
1	1	54.1%	3.90	6.70	8.10	20.00	0.00	0.45	0.05	44.5%	72	83
20	5	41.7%	6.00	3.80	5.40	22.00	—	—	—	—	—	—
110	100	53.5%	3.70	4.30	5.30	23.00	0.20	0.65	0.35	32.9%	13	18
2,238	7	20.1%	4.20	2.60	2.95	24.00	0.10	0.60	0.75	26.0%	13	681
2,528	5	17.9%	3.50	1.85	2.10	25.00	0.70	0.90	1.15	25.5%	67	854
2,644	4	19.2%	1.50	1.25	1.55	26.00	1.10	1.45	1.30	27.6%	70	905
PAGP $26.62
2,428	1	19.1%	1.00	0.80	1.05	27.00	1.70	1.95	1.85	27.3%	6	59
277	1	19.4%	0.65	0.50	0.70	28.00	2.35	2.90	2.52	32.7%	1	511
660	1	21.6%	0.30	0.30	0.55	29.00	2.80	3.90	2.25	38.1%	1	2
81	10	25.7%	0.22	0.10	0.55	30.00	—	—	—	—	—	—
43	3	27.3%	0.30	0.05	0.45	31.00	—	—	—	—	—	—
12	1	29.5%	0.40	0.00	0.40	32.00	—	—	—	—	—	—
11	10	24.9%	0.05	0.05	0.15	33.00	—	—	—	—	—	—
—	—	—	—	—	—	35.00	8.00	9.90	8.30	62.0%	—	1

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 February 19, 2027 expiration, the PAGP put/call ratio based on open interest is 0.28 (3,114 puts vs 11,054 calls), and 1.62 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 February 19, 2027 is about 23.2%, 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.