Plains All American Pipel... (PAA)
Plains All American Pipeline L.P. Max Pain By Strike
PAA trades at $17.44, pinned near the near-term max pain of $17.5 expiring Sep 5, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($7-$3260), reflecting growing call interest at higher strikes. Key magnetic zone at 17 where 5 expirations converge.
Plains All American Pipeline L.P. Max Pain By Expiry
Max pain for PAA shows an upward trend from 7 to 3260, suggesting bullish positioning in longer-dated options. The 1235% spread signals divergent expectations across timeframes. Levels distributed around 17.44. Strong magnetic level at 17 (5 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 |
|---|---|---|
| Sep 5, 2025 | 17.5 | 0.06 (0.34%) |
| Sep 12, 2025 | 17.5 | 0.06 (0.34%) |
| Sep 19, 2025 | 17.5 | 0.06 (0.34%) |
| Sep 26, 2025 | 7 | -10.44 (-59.86%) |
| Oct 3, 2025 | 7 | -10.44 (-59.86%) |
| Oct 10, 2025 | 7 | -10.44 (-59.86%) |
| Oct 17, 2025 | 17 | -0.44 (-2.52%) |
| Oct 24, 2025 | 7 | -10.44 (-59.86%) |
| Nov 21, 2025 | 17 | -0.44 (-2.52%) |
| Jan 16, 2026 | 17 | -0.44 (-2.52%) |
| Feb 20, 2026 | 17 | -0.44 (-2.52%) |
| Dec 18, 2026 | 3260 | 3242.56 (18592.66%) |
| Jan 15, 2027 | 17 | -0.44 (-2.52%) |