Plains All American Pipel... (PAA)
Plains All American Pipeline L.P. Max Pain By Strike
PAA trades at $17.72, 4.2% above the near-term max pain of $17 expiring Oct 3, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($8-$3260), reflecting growing call interest at higher strikes. Key magnetic zone at 17 where 9 expirations converge.
Plains All American Pipeline L.P. Max Pain By Expiry
Max pain for PAA shows an upward trend from 8 to 3260, suggesting bullish positioning in longer-dated options. The 1224% spread signals divergent expectations across timeframes. Most levels below 17.72 may cap rallies. Strong magnetic level at 17 (9 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 |
|---|---|---|
| Oct 3, 2025 | 17 | n/a (n/a) |
| Oct 10, 2025 | 17 | n/a (n/a) |
| Oct 17, 2025 | 17 | n/a (n/a) |
| Oct 24, 2025 | 17 | n/a (n/a) |
| Oct 31, 2025 | 18 | n/a (n/a) |
| Nov 7, 2025 | 8 | n/a (n/a) |
| Nov 21, 2025 | 17 | n/a (n/a) |
| Jan 16, 2026 | 17 | n/a (n/a) |
| Feb 20, 2026 | 17 | n/a (n/a) |
| May 15, 2026 | 17 | n/a (n/a) |
| Dec 18, 2026 | 3260 | n/a (n/a) |
| Jan 15, 2027 | 17 | n/a (n/a) |
| Jan 21, 2028 | 15 | n/a (n/a) |