Plains All American Pipeline LP
Plains All American Pipeline LP (PAA) Option Chain
As of September 18, 2026, Plains All American Pipeline LP is trading at $25.37, a -0.16% change from the previous close. The nearest expiration is Sep 25, 2026. Implied volatility is 20.0%. IV Rank is 15%.
Read more
Tracking the PAA option chain helps you see every strike and expiry on Plains All American Pipeline LP in one view, so you can quickly identify the contracts that fit your thesis and your risk. Plains All American Pipeline LP's option chain lays out bids, asks, volume, open interest, and Greeks across calls and puts, giving you the full map of PAA options activity at a glance. Use our scanner to monitor the PAA option chain in real time and filter for the PAA options trades that actually meet your criteria.
An option chain is the complete listing of all available option contracts on an underlying, organized by expiration date and strike price. For PAA stock options, the chain shows side-by-side call and put data, making it easy to compare premiums, assess liquidity, and spot pricing dislocations. Reading the PAA option chain effectively means looking beyond the last price — implied volatility by strike, volume-to-open-interest ratios, and bid-ask spreads all tell you where PAA stock options are being actively traded and where they are not.
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. As of December 31, 2021, this segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, as well as an additional 110 miles of pipelines that supports crude oil storage and terminalling facilities; 74 million barrels of commercial crude oil storage capacity; 38 million barrels of active, above-ground tank capacity; four marine facilities; a condensate processing facility; seven crude oil rail terminals and 2,100 crude oil railcars; and 640 trucks and 1,275 trailers.
The Natural Gas Liquids segment engages in the natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. As of December 31, 2021, this segment owned and operated four natural gas processing plants; nine fractionation plants; 28 million barrels of NGL storage capacity; approximately 1,620 miles of active NGL transportation pipelines, as well as an additional 55 miles of pipeline that supports NGL storage facilities; 16 NGL rail terminals and approximately 3,900 NGL rail cars; and approximately 220 trailers. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.
Credit spreads, long calls, iron condors, calendar trades — every strategy starts with the same raw material: a clean, complete option chain. Our scanner pulls Plains All American Pipeline LP's full chain across every expiry, highlights the most liquid strikes, and lets you screen PAA options by the metrics that matter, from IV skew to volume surges. Stop scrolling through endless rows of PAA stock options — let the full option chain come to you, pre-filtered and ready to trade.
Stock Statistics
- IndustryOil & Gas Midstream
- SectorEnergy
- IV percentile23.41% Subdued
- Market cap (M$)17,900
- 52 weeks high-3.83%
- 52 weeks low61.80%
- Analyst recommendationBuy
2.40 - Target price$25.94
2.25% above the current stock price - Dividend—
- Payout ratio91.54%
- Earnings date2026-11-04
- P/E7.03
- Future P/E15.04
- EPS (ttm)3.61
- EPS growth next 5 years7.94%
As of September 18, 2026
| CALLs | PUTs | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prob. OTM % | Open Interest | Volume | Extrinsic Value | Intrinsic Value | Bid | Ask | Strike | Moneyness % | Bid | Ask | Intrinsic Value | Extrinsic Value | Volume | Open Interest | Prob. OTM % |
| 8.86 | 4 | 0 | 0.13 | 0.87 | 0.70 | 1.30 | 24.50 | -3.43 | — | 0.20 | 0.00 | 0.20 | 4 | 49 | 91.14 |
| 28.24 | 46 | 1 | 0.25 | 0.37 | 0.45 | 0.80 | 25.00 | -1.46 | 0.05 | 0.25 | 0.00 | 0.15 | 5 | 3 | 71.76 |
| 57.26 | 127 | 14 | 0.23 | 0.00 | 0.05 | 0.40 | 25.50 | +0.51 | 0.10 | 0.65 | 0.13 | 0.25 | 0 | 18 | 42.74 |
| 82.30 | 18 | 5 | 0.13 | 0.00 | 0.05 | 0.20 | 26.00 | +2.48 | 0.50 | 1.10 | 0.63 | 0.17 | 6 | 62 | 17.70 |
| 95.12 | 8 | 0 | 0.20 | 0.00 | — | 0.20 | 26.50 | +4.45 | 0.70 | 1.65 | 1.13 | 0.05 | 0 | 0 | 4.88 |
As of September 18, 2026
Scan the full option chain in one place
Browse the full PAA option chain across every strike and expiration, filter by IV, volume, and open interest, and evaluate your trade without switching tools.
Start your 14-day free trial→