Plains GP L.P. (PAGP)
Plains GP L.P. Max Pain By Strike
PAGP trades at $18.42, 3.1% below the near-term max pain of $19 expiring Sep 19, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($15-$19), 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 19, suggesting bullish positioning in longer-dated options. The 22% spread signals divergent expectations across timeframes. Levels distributed around 18.42. 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 |
|---|---|---|
| Sep 19, 2025 | 19 | 0.58 (3.15%) |
| Oct 17, 2025 | 19 | 0.58 (3.15%) |
| Nov 21, 2025 | 19 | 0.58 (3.15%) |
| Dec 19, 2025 | 19 | 0.58 (3.15%) |
| Jan 16, 2026 | 17 | -1.42 (-7.71%) |
| Feb 20, 2026 | 18 | -0.42 (-2.28%) |
| Jan 15, 2027 | 15 | -3.42 (-18.57%) |