Plains GP L.P. (PAGP)
Plains GP L.P. Max Pain By Strike
PAGP trades at $19.05, 4.7% below the near-term max pain of $20 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($15-$20), reflecting growing call interest at higher strikes. Key magnetic zone at 19 where 4 expirations converge.
Plains GP L.P. Max Pain By Expiry
Max pain for PAGP shows an upward trend from 15 to 20, suggesting bullish positioning in longer-dated options. The 27% spread signals divergent expectations across timeframes. Most levels below 19.05 may cap rallies. Strong magnetic level at 19 (4 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 15, 2025 | 20 | 0.95 (4.99%) |
| Sep 19, 2025 | 19 | -0.05 (-0.26%) |
| Oct 17, 2025 | 19 | -0.05 (-0.26%) |
| Nov 21, 2025 | 19 | -0.05 (-0.26%) |
| Dec 19, 2025 | 19 | -0.05 (-0.26%) |
| Jan 16, 2026 | 17 | -2.05 (-10.76%) |
| Feb 20, 2026 | 18 | -1.05 (-5.51%) |
| Jan 15, 2027 | 15 | -4.05 (-21.26%) |