# PLAINS ALL AMER PIPELINE (PAA) Option Chains

> PAA option chain: calls and puts by expiration with bid, ask, last and theoretical price, volume, open interest, implied volatility and Greeks.

Data as of Nov 9, 2026 (end of day).

## PAA quote

| Field | Value |
|---|---|
| Last | 23.60 |
| Change | -0.32 |
| Open | 23.80 |
| Previous | 23.92 |
| High | 23.85 |
| Low | 23.35 |
| Bid | - |
| Ask | - |
| Volume | 5,012,415 |
| Trades | - |
| Dividend | 0.55 |
| Yield | 7.75% |
| Ex-Div | Apr 27, 2017 |
| Split Date | Oct 2, 2012 |
| Impl Vol | 18.4% |
| Hist Vol | 20.2% |
| Opt Volume | 2,492 |
| Open Int | 233,193 |

Calls and puts, near-the-money strikes, expirations through the end of the second month out. Stock price: 23.60.

All expirations: 2026-11-13, 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2027-01-15, 2027-02-19, 2027-05-21, 2027-08-20, 2027-11-19, 2028-01-21, 2029-01-19.

**Price** is the last trade, **TPrice** the theoretical value (Black-Scholes on historical volatility), **IVol** the implied volatility. **NS** is the contract type: S standard, W weekly, Q quarterly, FR fixed return, NS non-standard (adjusted). A contract's daily price history: `/quotes/option-prices.md?optsym=<Symbol>`.

Change the view with query parameters: `expirations` (1, 2, 3, 6, 9 or -1 for all), `expiry` (YYYY-MM-DD, one expiration), `range` (ntm, otm, itm, all), `putcall` (C, P), `strike` (one strike across expirations), `date` (an earlier session, subscribers). Example: `/quotes/stock-option-chains/PAA.md?expirations=-1&range=all`.

## Expires Nov 13, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 23.00 | PAA 261113C00023000 | 0.35 | 1.05 | 1.70 | 0.62 | 0 | 0 | 32.11% | 0.7832 | -0.0291 | 0.0073 | 0.3701 | 0.0019 | W |
| 23.50 | PAA 261113C00023500 | 0.20 | 0.45 | 0.25 | 0.23 | 77 | 1 | 19.92% | 0.5848 | -0.0240 | 0.0096 | 0.7923 | 0.0015 | W |
| 24.00 | PAA 261113C00024000 | 0.00 | 0.10 | 0.10 | 0.04 | 27 | 2 | 18.63% | 0.1972 | -0.0160 | 0.0069 | 0.6030 | 0.0005 | W |
| 24.50 | PAA 261113C00024500 | 0.00 | 0.10 | 0.04 | 0.00 | 14 | 7 | 29.36% | 0.1147 | -0.0176 | 0.0048 | 0.2670 | 0.0003 | W |
| 25.00 | PAA 261113C00025000 | 0.00 | 0.10 | 0.05 | 0.00 | 8 | 39 | 42.58% | 0.1019 | -0.0234 | 0.0044 | 0.1692 | 0.0003 | W |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 22.50 | PAA 261113P00022500 | 0.00 | 0.15 | 0.15 | 0.00 | 0 | 2 | 42.65% | -0.1375 | -0.0290 | 0.0054 | 0.2087 | -0.0004 | W |
| 23.00 | PAA 261113P00023000 | 0.05 | 0.10 | 0.20 | 0.02 | 0 | 4 | 28.56% | -0.1904 | -0.0240 | 0.0067 | 0.3851 | -0.0005 | W |
| 23.50 | PAA 261113P00023500 | 0.05 | 0.35 | 0.25 | 0.12 | 11 | 4 | 30.24% | -0.4403 | -0.0368 | 0.0097 | 0.5281 | -0.0012 | W |
| 24.00 | PAA 261113P00024000 | 0.35 | 0.75 | 0.50 | 0.44 | 1 | 26 | 25.26% | -0.7331 | -0.0256 | 0.0081 | 0.5267 | -0.0020 | W |
| 24.50 | PAA 261113P00024500 | 0.70 | 1.05 | 1.05 | 0.90 | 2 | 34 | 20.24% | -0.9604 | -0.0053 | 0.0021 | 0.1710 | -0.0026 | W |
| 25.00 | PAA 261113P00025000 | 0.95 | 1.95 | 0.35 | 1.39 | 0 | 2 | 42.60% | -0.8980 | -0.0234 | 0.0044 | 0.1692 | -0.0025 | W |

## Expires Nov 20, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 23.00 | PAA 261120C00023000 | 0.50 | 0.90 | 2.23 | 0.75 | 0 | 38 | 19.32% | 0.7840 | -0.0106 | 0.0120 | 0.3702 | 0.0054 | S |
| 23.50 | PAA 261120C00023500 | 0.35 | 0.55 | 0.40 | 0.41 | 37 | 3 | 21.30% | 0.5534 | -0.0157 | 0.0162 | 0.4532 | 0.0038 | S |
| 24.00 | PAA 261120C00024000 | 0.20 | 0.30 | 0.20 | 0.18 | 88 | 1,634 | 25.47% | 0.3605 | -0.0178 | 0.0153 | 0.3587 | 0.0025 | S |
| 24.50 | PAA 261120C00024500 | 0.05 | 0.25 | 0.13 | 0.06 | 23 | 16 | 26.50% | 0.2149 | -0.0144 | 0.0120 | 0.2690 | 0.0015 | S |
| 25.00 | PAA 261120C00025000 | 0.00 | 0.15 | 0.04 | 0.02 | 57 | 3,748 | 24.22% | 0.0887 | -0.0072 | 0.0066 | 0.1619 | 0.0006 | S |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 22.50 | PAA 261120P00022500 | 0.00 | 0.20 | 0.15 | 0.02 | 0 | 1 | 33.05% | -0.1946 | -0.0169 | 0.0113 | 0.2033 | -0.0014 | S |
| 23.00 | PAA 261120P00023000 | 0.05 | 0.20 | 0.15 | 0.08 | 14 | 2,253 | 23.34% | -0.2557 | -0.0140 | 0.0132 | 0.3363 | -0.0019 | S |
| 23.50 | PAA 261120P00023500 | 0.15 | 0.40 | 0.35 | 0.24 | 13 | 12 | 24.43% | -0.4514 | -0.0180 | 0.0162 | 0.3957 | -0.0033 | S |
| 24.00 | PAA 261120P00024000 | 0.40 | 0.80 | 0.59 | 0.51 | 2 | 2,763 | 21.56% | -0.6662 | -0.0146 | 0.0149 | 0.4119 | -0.0049 | S |
| 24.50 | PAA 261120P00024500 | 0.85 | 1.25 | 0.22 | 0.89 | 0 | 30 | 28.21% | -0.7701 | -0.0159 | 0.0124 | 0.2627 | -0.0058 | S |
| 25.00 | PAA 261120P00025000 | 1.20 | 1.75 | 1.15 | 1.34 | 0 | 10,140 | 28.89% | -0.8694 | -0.0113 | 0.0087 | 0.1794 | -0.0066 | S |

## Expires Nov 27, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 25.00 | PAA 261127C00025000 | 0.05 | 0.20 | 2.05 | 0.07 | 0 | 0 | 26.56% | 0.1721 | -0.0099 | 0.0134 | 0.1832 | 0.0019 | W |
| 26.00 | PAA 261127C00026000 | 0.00 | 20.00 | 0.30 | 0.01 | 0 | 107 | 50.62% | 0.2105 | -0.0213 | 0.0151 | 0.1088 | 0.0023 | W |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 14.00 | PAA 261127P00014000 | 0.00 | 20.00 | 0.05 | 0.05 | 0 | 30 | 121.90% | -0.0195 | -0.0084 | 0.0025 | 0.0074 | -0.0003 | W |
| 23.00 | PAA 261127P00023000 | 0.05 | 0.40 | 0.13 | 0.13 | 0 | 2 | 17.07% | -0.2417 | -0.0077 | 0.0164 | 0.3489 | -0.0029 | W |
| 24.00 | PAA 261127P00024000 | 0.50 | 0.90 | 0.60 | 0.52 | 0 | 4 | 17.43% | -0.6601 | -0.0092 | 0.0192 | 0.4012 | -0.0080 | W |
| 25.00 | PAA 261127P00025000 | 1.20 | 1.75 | 0.30 | 1.26 | 0 | 7 | 22.70% | -0.8679 | -0.0070 | 0.0112 | 0.1799 | -0.0108 | W |
| 26.00 | PAA 261127P00026000 | 2.00 | 2.85 | 2.70 | 2.19 | 10 | 30 | 50.78% | -0.7887 | -0.0213 | 0.0152 | 0.1087 | -0.0105 | W |

## Expires Dec 4, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 19.00 | PAA 261204C00019000 | 4.10 | 5.30 | 6.02 | 4.92 | 0 | 0 | 56.23% | 0.9394 | -0.0085 | 0.0074 | 0.0347 | 0.0120 | W |
| 20.00 | PAA 261204C00020000 | 3.10 | 4.30 | 5.25 | 3.93 | 0 | 0 | 45.48% | 0.9269 | -0.0080 | 0.0086 | 0.0495 | 0.0124 | W |
| 24.00 | PAA 261204C00024000 | 0.20 | 0.55 | 0.45 | 0.49 | 0 | 2 | 25.28% | 0.4137 | -0.0122 | 0.0241 | 0.2495 | 0.0064 | W |
| 25.00 | PAA 261204C00025000 | 0.05 | 0.25 | 1.21 | 0.15 | 0 | 1 | 24.06% | 0.1892 | -0.0081 | 0.0167 | 0.1822 | 0.0030 | W |
| 26.00 | PAA 261204C00026000 | 0.00 | 20.00 | 1.10 | 0.03 | 0 | 0 | 80.63% | 0.3623 | -0.0374 | 0.0232 | 0.0753 | 0.0051 | W |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 14.00 | PAA 261204P00014000 | 0.00 | 2.55 | 0.05 | 0.05 | 0 | 1 | 103.45% | -0.0195 | -0.0061 | 0.0029 | 0.0074 | -0.0003 | W |
| 24.00 | PAA 261204P00024000 | 0.50 | 0.90 | 0.26 | 0.49 | 0 | 5 | 19.17% | -0.6204 | -0.0089 | 0.0235 | 0.3215 | -0.0105 | W |
| 25.00 | PAA 261204P00025000 | 1.25 | 1.80 | 0.69 | 1.14 | 0 | 39 | 22.80% | -0.8247 | -0.0071 | 0.0160 | 0.1834 | -0.0144 | W |
| 26.00 | PAA 261204P00026000 | 2.00 | 2.90 | 1.20 | 2.00 | 0 | 1 | 25.54% | -0.9213 | -0.0045 | 0.0091 | 0.0932 | -0.0166 | W |

## Expires Dec 11, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 24.00 | PAA 261211C00024000 | 0.25 | 0.55 | 0.52 | 0.69 | 0 | 5 | 24.87% | 0.4258 | -0.0107 | 0.0274 | 0.2256 | 0.0084 | W |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 24.00 | PAA 261211P00024000 | 0.55 | 0.95 | 0.23 | 0.43 | 0 | 7 | 18.88% | -0.6056 | -0.0078 | 0.0269 | 0.2919 | -0.0132 | W |
| 25.00 | PAA 261211P00025000 | 1.25 | 1.75 | 0.57 | 0.99 | 0 | 6 | 18.87% | -0.8412 | -0.0048 | 0.0169 | 0.1839 | -0.0187 | W |

## Expires Dec 18, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 22.00 | PAA 261218C00022000 | 1.40 | 2.20 | 1.95 | 2.53 | 0 | 4 | 31.39% | 0.7706 | -0.0097 | 0.0234 | 0.1254 | 0.0173 | S |
| 23.00 | PAA 261218C00023000 | 0.75 | 1.30 | 0.88 | 1.66 | 2 | 0 | 17.08% | 0.6907 | -0.0062 | 0.0272 | 0.2677 | 0.0165 | S |
| 24.00 | PAA 261218C00024000 | 0.30 | 0.55 | 0.70 | 0.95 | 0 | 1,606 | 19.33% | 0.4102 | -0.0075 | 0.0300 | 0.2608 | 0.0099 | S |
| 25.00 | PAA 261218C00025000 | 0.10 | 0.20 | 0.25 | 0.45 | 5 | 12,762 | 19.21% | 0.1897 | -0.0052 | 0.0209 | 0.1830 | 0.0046 | S |
| 26.00 | PAA 261218C00026000 | 0.00 | 0.20 | 0.15 | 0.18 | 0 | 3,061 | 26.88% | 0.1461 | -0.0061 | 0.0177 | 0.1105 | 0.0035 | S |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 22.00 | PAA 261218P00022000 | 0.05 | 0.30 | 0.15 | 0.03 | 2 | 0 | 22.48% | -0.1592 | -0.0054 | 0.0187 | 0.1398 | -0.0042 | S |
| 23.00 | PAA 261218P00023000 | 0.20 | 0.35 | 0.35 | 0.12 | 1,023 | 1 | 17.28% | -0.3115 | -0.0060 | 0.0273 | 0.2653 | -0.0081 | S |
| 24.00 | PAA 261218P00024000 | 0.55 | 0.85 | 0.75 | 0.36 | 0 | 106 | 17.17% | -0.6042 | -0.0064 | 0.0297 | 0.2910 | -0.0160 | S |
| 25.00 | PAA 261218P00025000 | 1.35 | 1.80 | 1.61 | 0.82 | 2 | 8,605 | 22.41% | -0.7719 | -0.0065 | 0.0233 | 0.1751 | -0.0212 | S |
| 26.00 | PAA 261218P00026000 | 2.10 | 2.95 | 2.12 | 1.51 | 0 | 90 | 20.24% | -0.9231 | -0.0026 | 0.0112 | 0.0928 | -0.0259 | S |

## Expires Dec 24, 2026

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 24.00 | PAA 261224P00024000 | 0.70 | 1.05 | 0.80 | 0.29 | 10 | 0 | 17.62% | -0.5918 | -0.0061 | 0.0322 | 0.2662 | -0.0182 | W |

## Expires Jan 15, 2027

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 21.00 | PAA 270115C00021000 | 2.40 | 3.30 | 6.09 | 5.10 | 0 | 0 | 27.72% | 0.8550 | -0.0052 | 0.0232 | 0.0818 | 0.0318 | S |
| 22.00 | PAA 270115C00022000 | 1.70 | 2.15 | 2.14 | 4.23 | 0 | 207 | 29.46% | 0.7365 | -0.0077 | 0.0331 | 0.1100 | 0.0280 | S |
| 23.00 | PAA 270115C00023000 | 0.90 | 1.50 | 3.17 | 3.37 | 0 | 4 | 21.32% | 0.6346 | -0.0064 | 0.0381 | 0.1748 | 0.0253 | S |
| 24.00 | PAA 270115C00024000 | 0.45 | 0.75 | 0.62 | 2.55 | 8 | 2,743 | 19.46% | 0.4432 | -0.0060 | 0.0400 | 0.2010 | 0.0181 | S |
| 25.00 | PAA 270115C00025000 | 0.30 | 0.40 | 0.30 | 1.81 | 272 | 27,352 | 20.92% | 0.2801 | -0.0054 | 0.0341 | 0.1593 | 0.0115 | S |
| 26.00 | PAA 270115C00026000 | 0.05 | 0.25 | 0.15 | 1.20 | 1 | 5,266 | 20.38% | 0.1470 | -0.0035 | 0.0233 | 0.1116 | 0.0061 | S |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 21.00 | PAA 270115P00021000 | 0.00 | 0.25 | 0.07 | 0.00 | 0 | 4 | 19.77% | -0.0756 | -0.0021 | 0.0144 | 0.0713 | -0.0034 | S |
| 22.00 | PAA 270115P00022000 | 0.15 | 0.25 | 0.25 | 0.01 | 20 | 3,797 | 19.24% | -0.1820 | -0.0038 | 0.0267 | 0.1359 | -0.0083 | S |
| 23.00 | PAA 270115P00023000 | 0.25 | 0.55 | 0.45 | 0.03 | 70 | 709 | 18.14% | -0.3498 | -0.0049 | 0.0375 | 0.2021 | -0.0160 | S |
| 24.00 | PAA 270115P00024000 | 0.70 | 1.05 | 0.85 | 0.09 | 100 | 3,036 | 15.97% | -0.5770 | -0.0044 | 0.0397 | 0.2428 | -0.0266 | S |
| 25.00 | PAA 270115P00025000 | 1.45 | 1.75 | 1.40 | 0.23 | 0 | 2,713 | 17.32% | -0.7658 | -0.0036 | 0.0311 | 0.1758 | -0.0361 | S |
| 26.00 | PAA 270115P00026000 | 2.20 | 2.75 | 0.75 | 0.50 | 0 | 302 | 18.51% | -0.8792 | -0.0024 | 0.0205 | 0.1083 | -0.0426 | S |

## More for PAA

- [Quote](https://www.optionistics.com/quotes/stock-quotes/PAA.md)
- [Option chain](https://www.optionistics.com/quotes/stock-option-chains/PAA.md)
- [Price history](https://www.optionistics.com/quotes/stock-prices/PAA.md)
- [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=PAA)
- [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/PAA.md)
- [Volatility skew](https://www.optionistics.com/screener/volatility-skew/PAA.md)
- [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/PAA.md)
- [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/PAA.md)

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