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 21, 2028
Days to expiration: 468
Share price: $26.62
Put/call ratio (OI): 0.24
Put/call ratio (volume): 1.97
ATM implied volatility: 26.1%
Expected move: ±$7.86
Open interest (C / P): 18.93K / 4.47K

PAGP options summary

The PAGP options chain for the January 21, 2028 expiration lists 13 call and 9 put contracts, with 468 days until expiration. Open interest stands at 18,935 calls and 4,467 puts, a put/call ratio of 0.24, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $27.00 strike is 26.1%, which implies the market expects a move of about ±$7.86 (29.5%) in Plains GP L.P. stock by expiration.

The most open interest sits at the $25.00 call (9.35K contracts) and the $25.00 put (1.98K contracts).

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

PAGP options chain · January 21, 2028

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	1	200.5%	23.10	22.50	27.20	3.00	—	—	—	—	—	—
0	2	191.8%	18.70	19.00	23.90	5.00	—	—	—	—	—	—
2	4	133.7%	15.86	16.00	20.90	8.00	—	—	—	—	—	—
0	2	110.8%	13.60	14.00	18.90	10.00	—	—	—	—	—	—
0	2	55.7%	11.60	12.00	16.70	13.00	0.10	2.85	0.55	71.4%	18	10
23	17	49.6%	10.02	7.60	12.50	15.00	0.00	2.00	0.25	51.9%	32	41
16	1	79.0%	8.50	8.50	13.20	17.00	0.00	0.00	1.10	12.5%	1	0
284	10	48.4%	8.05	4.30	9.00	20.00	0.00	3.00	0.55	55.4%	1	42
4,978	32	15.1%	4.80	4.60	4.90	22.00	0.00	3.20	0.67	47.9%	1	480
9,350	5	16.6%	2.42	2.60	2.85	25.00	1.95	2.30	2.35	26.2%	204	1,977
PAGP $26.62
4,207	24	17.2%	1.75	1.50	1.90	27.00	1.20	4.40	2.85	35.0%	1	303
50	1	19.0%	0.85	0.55	1.10	30.00	4.90	5.60	4.35	28.8%	1	1,068
25	32	45.8%	0.45	0.10	2.95	35.00	7.40	11.00	8.40	42.9%	3	546

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 21, 2028 expiration, the PAGP put/call ratio based on open interest is 0.24 (4,467 puts vs 18,935 calls), and 1.97 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 21, 2028 is about 26.1%, 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.