Plains All American Pipel... (PAA)
Plains All American Pipeline L.P. Max Pain By Strike
PAA trades at $17.5, 2.8% below the near-term max pain of $18 expiring Aug 22, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($17-$3260), indicating stable market expectations. Key magnetic zone at 18 where 6 expirations converge.
Plains All American Pipeline L.P. Max Pain By Expiry
Max pain for PAA shows stable levels around 287.75, reflecting balanced market expectations. The 1127% spread signals divergent expectations across timeframes. Levels distributed around 17.5. Strong magnetic level at 18 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 22, 2025 | 18 | 0.50 (2.89%) |
| Aug 29, 2025 | 18 | 0.50 (2.89%) |
| Sep 5, 2025 | 18 | 0.50 (2.89%) |
| Sep 12, 2025 | 18 | 0.50 (2.89%) |
| Sep 19, 2025 | 18 | 0.50 (2.89%) |
| Sep 26, 2025 | 17 | -0.50 (-2.83%) |
| Oct 17, 2025 | 17 | -0.50 (-2.83%) |
| Nov 21, 2025 | 17 | -0.50 (-2.83%) |
| Jan 16, 2026 | 17 | -0.50 (-2.83%) |
| Feb 20, 2026 | 18 | 0.50 (2.89%) |
| Dec 18, 2026 | 3260 | 3242.51 (18533.90%) |
| Jan 15, 2027 | 17 | -0.50 (-2.83%) |