A panorama for visual stereo consists of a pair of panoramic images, where one panorama is for the left eye, and another panorama is for the right eye. A panoramic stereo pair provides a stereo sensation lip to a full 360 degrees. A stereo panorama cannot be photographed by two omnidirectional cameras from two viewpoints. It is normally constructed by mosaicing together images from a rotating stereo pair, or from a single moving camera. Capturing stereo panoramic images by a rotating camera makes it impossible to capture dynamic scenes at video rates, and limits stereo panoramic imaging to stationary scenes. This paper presents two possibilities for capturing stereo panoramic images using optics, without any moving parts. A special mirror is introduced such that viewing the scene through this mirror creates the same rays as those used with the rotating cameras. Such a mirror enables the capture of stereo panoramic movies with a regular video camera. A lens for stereo panorama is also introduced. The designs of the mirror and of the lens are based on curves whose caustic is a circle.