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Western Asset Investment Grade Income Fund Inc. (PAI) options
The PAI options chain: calls and puts with price, volume, implied volatility and the Greeks, for the expiration you choose.
Close price as of Nov 06, 2026
What PAI options are
Western Asset Investment Grade Income Fund Inc. (PAI) options give the right, not the duty, to buy or sell PAI shares at a set price until a set date.
- PAI call
- The right to buy shares at the strike price. It gains when the stock rises.
- PAI put
- The right to sell shares at the strike price. It gains when the stock falls.
- Implied volatility
- The price move the market expects.
- Open interest
- Contracts still open. More usually means easier trading.
PAI options questions
How do I buy PAI options?
You need a brokerage account with options trading enabled. Find PAI at your broker, choose a call or a put, a strike and an expiration, and place the order. Options carry substantial risk: one can expire worthless and lose all that was paid for it.
What is the difference between PAI calls and puts?
A call gives the right to buy PAI shares at the strike price and gains when the stock rises. A put gives the right to sell them at the strike price and gains when the stock falls.
How do I choose a PAI expiration?
A shorter expiration costs less and reacts faster, and loses its time value sooner. A longer one costs more and gives the trade more time.
What is the implied volatility of PAI options?
It differs by strike and expiration, so open the PAI chain to read it for each contract. Higher implied volatility means the market expects larger moves, and the option costs more. It often rises before earnings.
What do in the money and out of the money mean?
An in the money option has intrinsic value: a call with a strike below the stock price, or a put with a strike above it. An out of the money option has none and costs less. An at the money option has a strike near the stock price.