Plains GP L.P. (PAGP)

The total Gamma Exposure (GEX) for PAGP across all expirations is 77,217.31 shares per 1% move, with 123,317.09 from calls and 46,099.78 from puts. The put-call GEX ratio of 0.37 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness. The highest gamma concentration is at the Dec 19, 25 expiration with 21,236.31 net GEX, which may act as a magnet point for price action. Near-term exposure for Sep 19, 25 suggests potential support from positive gamma hedging flows.