diff --git a/CHANGELOG.md b/CHANGELOG.md
index bdf6dd56..a7910d50 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,7 +11,8 @@ recommendations of [keepachangelog.com](http://keepachangelog.com/).
 
 ### Added
 
-- None
+- [#1158](https://github.com/paper-trail-gem/paper_trail/pull/1158) — Add the ability to pass
+  options, such as `scope` or `extend:` to the `has_many :versions` association macro.
 
 ### Fixed
 
diff --git a/README.md b/README.md
index cd8d7ab6..b684945b 100644
--- a/README.md
+++ b/README.md
@@ -955,7 +955,7 @@ see https://github.com/paper-trail-gem/paper_trail/issues/594
 ### 5.b. Configuring the `versions` Association
 
 You may configure the name of the `versions` association by passing
-a different name to `has_paper_trail`.
+a different name to `has_paper_trail`:
 
 ```ruby
 class Post < ActiveRecord::Base
@@ -968,6 +968,23 @@ Post.new.versions # => NoMethodError
 Overriding (instead of configuring) the `versions` method is not supported.
 Overriding associations is not recommended in general.
 
+You may pass other options for the `has_many` by passing a hash of options:
+
+```ruby
+class Post < ActiveRecord::Base
+  has_paper_trail versions: {
+    name: :drafts,
+    scope: -> { order("id desc") },
+    extend: VersionsExtensions
+  }
+end
+```
+
+Refer to
+https://api.rubyonrails.org/classes/ActiveRecord/Associations/ClassMethods.html#method-i-has_many-label-Options
+for the full list of supported options for `has_many`.
+
+
 ### 5.c. Generators
 
 PaperTrail has one generator, `paper_trail:install`. It writes, but does not
diff --git a/lib/paper_trail/model_config.rb b/lib/paper_trail/model_config.rb
index 3303b270..ca66d44c 100644
--- a/lib/paper_trail/model_config.rb
+++ b/lib/paper_trail/model_config.rb
@@ -142,21 +142,35 @@ module PaperTrail
       @model_class.class_attribute :version_class_name
       @model_class.version_class_name = options[:class_name] || "PaperTrail::Version"
 
-      # @api private - versions_association_name
-      @model_class.class_attribute :versions_association_name
-      @model_class.versions_association_name = options[:versions] || :versions
+      assert_concrete_activerecord_class(@model_class.version_class_name)
 
       # @api public - paper_trail_event
       @model_class.send :attr_accessor, :paper_trail_event
 
-      assert_concrete_activerecord_class(@model_class.version_class_name)
+      setup_has_many_versions(options)
+    end
+
+    def setup_has_many_versions(options)
+      unless options[:versions].is_a?(Hash)
+        options[:versions] = {
+          name: options[:versions]
+        }
+      end
+
+      # @api private - versions_association_name
+      @model_class.class_attribute :versions_association_name
+      @model_class.versions_association_name = options[:versions].delete(:name) || :versions
+
+      scope = options[:versions].delete(:scope) || -> { order(model.timestamp_sort_order) }
+      options[:versions].assert_valid_keys(valid_keys_for_has_many)
 
       # @api public
       @model_class.has_many(
         @model_class.versions_association_name,
-        -> { order(model.timestamp_sort_order) },
+        scope,
         class_name: @model_class.version_class_name,
-        as: :item
+        as: :item,
+        **options[:versions]
       )
     end
 
@@ -182,5 +196,19 @@ module PaperTrail
 
       @model_class.paper_trail_options[:meta] ||= {}
     end
+
+    # @api private
+    def valid_keys_for_has_many
+      if ActiveRecord.gem_version >= Gem::Version.new("5.0")
+        ActiveRecord::Associations::Builder::HasMany.valid_options({})
+      else
+        %i[
+          after_add after_remove anonymous_class as autosave before_add
+          before_remove class_name counter_cache dependent extend foreign_key
+          foreign_type inverse_of join_table primary_key source source_type
+          table_name through validate
+        ]
+      end
+    end
   end
 end
diff --git a/spec/dummy_app/app/models/concerns/prefix_versions_inspect_with_count.rb b/spec/dummy_app/app/models/concerns/prefix_versions_inspect_with_count.rb
new file mode 100644
index 00000000..36c6170b
--- /dev/null
+++ b/spec/dummy_app/app/models/concerns/prefix_versions_inspect_with_count.rb
@@ -0,0 +1,8 @@
+# frozen_string_literal: true
+
+module PrefixVersionsInspectWithCount
+  def inspect
+    "#{length} versions:\n" +
+      super
+  end
+end
diff --git a/spec/dummy_app/app/models/thing.rb b/spec/dummy_app/app/models/thing.rb
index 2d1a8dd9..504e96a2 100644
--- a/spec/dummy_app/app/models/thing.rb
+++ b/spec/dummy_app/app/models/thing.rb
@@ -1,7 +1,10 @@
 # frozen_string_literal: true
 
 class Thing < ActiveRecord::Base
-  has_paper_trail
+  has_paper_trail versions: {
+    extend: PrefixVersionsInspectWithCount,
+    scope: -> { order("id desc") }
+  }
 
   if ActiveRecord.gem_version >= Gem::Version.new("5.0")
     belongs_to :person, optional: true
diff --git a/spec/models/thing_spec.rb b/spec/models/thing_spec.rb
new file mode 100644
index 00000000..77c69c33
--- /dev/null
+++ b/spec/models/thing_spec.rb
@@ -0,0 +1,19 @@
+# frozen_string_literal: true
+
+require "spec_helper"
+
+RSpec.describe Thing, type: :model do
+  describe "#versions", versioning: true do
+    let(:thing) { Thing.create! }
+
+    it "applies the extend option" do
+      expect(thing.versions.singleton_class).to be < PrefixVersionsInspectWithCount
+      expect(thing.versions.inspect).to start_with("1 versions:")
+    end
+
+    it "applies the scope option" do
+      expect(Thing.reflect_on_association(:versions).scope).to be_a Proc
+      expect(thing.versions.to_sql).to end_with "ORDER BY id desc"
+    end
+  end
+end
diff --git a/spec/paper_trail/model_config_spec.rb b/spec/paper_trail/model_config_spec.rb
index d512e0f4..054c18b5 100644
--- a/spec/paper_trail/model_config_spec.rb
+++ b/spec/paper_trail/model_config_spec.rb
@@ -4,15 +4,58 @@ require "spec_helper"
 
 module PaperTrail
   ::RSpec.describe ModelConfig do
-    describe "when has_paper_trail is called" do
-      it "raises an error" do
-        expect {
-          class MisconfiguredCVC < ActiveRecord::Base
-            has_paper_trail class_name: "AbstractVersion"
+    describe "has_paper_trail" do
+      describe "passing an abstract class to class_name" do
+        it "raises an error" do
+          expect {
+            Class.new(ActiveRecord::Base) do
+              has_paper_trail class_name: "AbstractVersion"
+            end
+          }.to raise_error(
+            /use concrete \(not abstract\) version models/
+          )
+        end
+      end
+
+      describe "versions:" do
+        it "name can be passed instead of an options hash" do
+          klass = Class.new(ActiveRecord::Base) do
+            has_paper_trail versions: :drafts
           end
-        }.to raise_error(
-          /use concrete \(not abstract\) version models/
-        )
+          expect(klass.reflect_on_association(:drafts)).to be_a(
+            ActiveRecord::Reflection::HasManyReflection
+          )
+        end
+        it "name can be passed in the options hash" do
+          klass = Class.new(ActiveRecord::Base) do
+            has_paper_trail versions: { name: :drafts }
+          end
+          expect(klass.reflect_on_association(:drafts)).to be_a(
+            ActiveRecord::Reflection::HasManyReflection
+          )
+        end
+        it "allows any option that has_many supports" do
+          klass = Class.new(ActiveRecord::Base) do
+            has_paper_trail versions: { autosave: true, validate: true }
+          end
+          expect(klass.reflect_on_association(:versions).options[:autosave]).to eq true
+          expect(klass.reflect_on_association(:versions).options[:validate]).to eq true
+        end
+        it "can even override options that PaperTrail adds to has_many" do
+          klass = Class.new(ActiveRecord::Base) do
+            has_paper_trail versions: { as: :foo }
+          end
+          expect(klass.reflect_on_association(:versions).options[:as]).to eq :foo
+        end
+        it "raises an error on unknown has_many options" do
+          expect {
+            Class.new(ActiveRecord::Base) do
+              has_paper_trail versions: { read_my_mind: true, validate: true }
+            end
+          }.to raise_error(
+            /Unknown key: :read_my_mind. Valid keys are: .*:class_name,/
+          )
+        end
       end
     end
   end