Plains All American Pipeline LP
Plains All American Pipeline LP (PAA) Option Chain
Plains All American Pipeline LP trades at $24.03, up 1.53%, with an IV Rank of 13.10%. This is low versus the past year, and the company carries a market cap of $16,701M in the Oil & Gas Midstream industry. On the Nov 13, 2026 chain, the at the money $24.00 strike shows calls at $0.05 / $0.15 and puts at $0.30 / $0.70, both carrying about $0.28 of extrinsic value and a roughly 50% probability of expiring out of the money. Volume is heaviest on the $24.00 calls, at 8 contracts, and the $24.00 puts, at 8, as of Nov 10, 2026.
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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 contracts that fit your thesis and your risk. It 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 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 call and put data side by side, making it easy to compare premiums, assess liquidity, and spot pricing dislocations. Reading it well means looking beyond the last price. Implied volatility by strike, volume to open interest ratios, and bid ask spreads all show where PAA 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.
| 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 % |
| 4.66 | 0 | 0 | -0.31 | 1.03 | 0.55 | 0.90 | 23.00 | -2.83 | — | 0.15 | 0.00 | 0.15 | 0 | 4 | 95.34 |
| 33.42 | 74 | 8 | -0.26 | 0.53 | 0.20 | 0.35 | 23.50 | -0.72 | 0.05 | 0.35 | 0.00 | 0.20 | 1 | 14 | 66.58 |
| 78.70 | 24 | 8 | 0.07 | 0.03 | 0.05 | 0.15 | 24.00 | +1.39 | 0.30 | 0.70 | 0.00 | 0.50 | 8 | 26 | 21.30 |
| 97.70 | 17 | 0 | 0.15 | 0.00 | — | 0.15 | 24.50 | +3.51 | 0.65 | 1.30 | 0.47 | 0.51 | 2 | 34 | 2.30 |
| 99.92 | 42 | 0 | 0.05 | 0.00 | — | 0.05 | 25.00 | +5.62 | 0.90 | 1.90 | 0.97 | 0.43 | 0 | 2 | 0.08 |
As of Nov 10, 2026
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- IndustryOil & Gas Midstream
- SectorEnergy
- IV Rank13.10% Low
- Market cap (M$)16,701
- 52 weeks high-12.27%
- 52 weeks low43.45%
- Analyst recommendationBuy
2.30 - Target price$26.53
11.36% above the current stock price - Dividend—
- Payout ratio91.54%
- Earnings date2027-02-05
- P/E7.89
- Future P/E13.91
- EPS (ttm)3.00
- EPS growth next 5 years9.04%
As of Nov 10, 2026