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PAA

Name: PAA overnight options flow scan record, 2026-08-03
Creator: GammaRips

BULL

2026-08-03

Overnight Scan Record · Other

See the 2026-08-03 Morning Briefing

This is one row from the GammaRips nightly scan of about 3,500 optionable US stocks, tracked to its outcome. What membership means depends on the scan date. For scan dates from 2026-08-24, it is a liquidity rank: the 100 most liquid names, bullish only. For earlier scan dates, the scan selected on unusual options activity and included bearish names. The two sets are not one population. Data, not a recommendation. New here? See how the pool is built → Or put your AI agent on this data →

Score

10/10

Descriptive context. Not a quality rank and not a forecast.

Move

1.6%

Flow

$14.9M

Engine Flags(1 of 5 patterns matched. Descriptive, not a trade signal.)

Call Volume Above Open InterestCall volume was more than 1.5x call open interest on a bullish row, and the day's move is not tagged overdone.

AI Analysis

Model-written context on what the scan saw that night. It is context, not advice and not a trade instruction.

PAA BULL $25C Aug 21 '26. Institutional options flow focused heavily on the slightly out-of-the-money $25 strike calls expiring on August 21, 2026, positioning for a breakout past multi-month highs ahead of the upcoming Q2 earnings release on August 7. This heavy premium concentration follows a brief -1.6% consolidation down to $24.57, allowing buyers to establish size at a minor discount. Risk factor: unexpected operational guidance adjustments or Permian Basin volume constraints could cap immediate post-earnings upside and pressure the premium.

Flow Breakdown

Call Volume

$14.8M

Put Volume

$55K

Flow Intent

DIRECTIONAL

Catalyst

No Clear Catalyst

More Bullish Flow · 2026-08-03

WES8/10 AMZN8/10 HIMS7/10 FTAI7/10 FCEL7/10 OKE4/10

Engine-Selected Contract

The contract the engine priced for this row. Descriptive, not a recommendation.

ContractO:PAA260821C00025000

Strike$25.00

Expiration2026-08-21

Delta0.30

Key Levels

Resistance$25.03

Support$22.22

Price$24.57

SMA 50 / 200$23 / $20

52W Range$16 — $25

RSI (14)64

News & Catalyst Analysis

Key Headline

Plains All American Pipeline and Plains GP Holdings Provide Updated Capital Spending Guidance for 2026 and Announce Second-Quarter Earnings Date

News Summary

Plains All American Pipeline is scheduled to release its second-quarter 2026 earnings before the market opens on Friday, August 7, 2026. The stock recently pulled back -1.6% from its recent 52-week high of $25.03, prompting institutional buyers to step in and secure upside exposure ahead of the release. The massive flow volume relative to daily activity indicates strong institutional positioning, which is likely to continue building as the earnings date approaches.

Flow Intent Analysis

The options flow is anticipatory, targeting a strike price above the current spot price and concentrating $14.8M in premium just days before the scheduled August 7 earnings release, rather than reacting to a completed material event.

One email a week. Catch up in five minutes.

The GammaRips weekly briefing — engine state, the latest Lab experiment, and what the pool's outcome data showed. No firehose, no FOMO.

Read the 2026-08-03 morning briefing for the full scan this PAA row came from: the shape of the pool that day, the themes in the flow, and every other name in it.

How We Read This Flow

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PAA

Key Headline

News Summary

Flow Intent Analysis

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