Quantchabot has detected a new Bull Put Spread trade opportunity for PLAINS ALL AMERICAN (PAA) for the 7-Aug-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PAA was recently trading at $24.48 and has an implied volatility of 25.49% for this period. Based on an analysis of the options available for PAA expiring on 7-Aug-2026, there is a 34.25% likelihood that the underlying will close within the analyzed range of $24.10-$25.45 at expiration. In this scenario, the average linear return for the trade would be 20.56%.
52 week high: PLAINS ALL AMERICAN recently reached a new 52-week high at $24.60. PAA had traded in the range $15.69-$24.50 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if PAA maintains its current direction and does not revert back to pricing on the bearish side of $24.48 on 7-Aug-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if PLAINS ALL AMERICAN closes at or above $24.10 on 7-Aug-2026. Based on our risk-neutral analysis, there is a 50.05% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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