Energy Transfer (ET) Options Chain

TXSE: ETEnergyOil & Gas MidstreamUSD

20.41-0.21 (-1.02%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 6, 2026
Days to expiration: 26
Share price: $20.41
Put/call ratio (OI): 0.63
Put/call ratio (volume): 0.14
ATM implied volatility: 29.3%
Expected move: ±$1.59
Open interest (C / P): 1.83K / 1.15K

ET options summary

The ET options chain for the November 6, 2026 expiration lists 9 call and 11 put contracts, with 26 days until expiration. Open interest stands at 1,831 calls and 1,148 puts, a put/call ratio of 0.63, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $20.50 strike is 29.3%, which implies the market expects a move of about ±$1.59 (7.8%) in Energy Transfer stock by expiration.

The most open interest sits at the $21.00 call (674 contracts) and the $20.00 put (540 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

ET options chain · November 6, 2026

ET calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
5	—	108.6%	7.82	7.95	9.00	12.00	—	—	—	—	—	—
—	—	—	—	—	—	16.00	0.00	0.25	0.04	65.2%	2	2
—	—	—	—	—	—	17.00	0.01	0.06	0.04	43.8%	4	10
—	—	—	—	—	—	17.50	0.01	0.12	0.04	45.5%	2	12
—	—	—	—	—	—	18.00	0.01	0.09	0.04	36.1%	4	23
11	10	60.5%	1.97	1.85	2.45	18.50	0.01	0.18	0.07	37.7%	10	9
—	—	—	—	—	—	19.00	0.01	0.22	0.14	33.4%	7	16
21	—	39.8%	0.61	1.06	1.39	19.50	0.14	0.40	0.22	35.6%	10	425
73	2	33.6%	0.94	0.60	0.96	20.00	0.22	0.45	0.37	28.9%	25	540
ET $20.41
503	17	25.9%	0.45	0.40	0.53	20.50	0.41	0.77	0.59	32.6%	4	98
674	153	22.8%	0.24	0.22	0.27	21.00	0.69	1.17	0.93	37.5%	10	8
305	113	25.5%	0.10	0.07	0.19	21.50	0.99	1.57	1.54	40.7%	4	5
232	276	26.7%	0.08	0.03	0.12	22.00	—	—	—	—	—	—
7	1	34.1%	0.08	0.00	0.15	22.50	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the ET put/call ratio?

For the November 6, 2026 expiration, the ET put/call ratio based on open interest is 0.63 (1,148 puts vs 1,831 calls), and 0.14 based on today's volume. A ratio above 1 means more puts than calls.

What is ET's implied volatility?

At-the-money implied volatility for ET options expiring November 6, 2026 is about 29.3%, an annualized estimate of how much the market expects Energy Transfer stock to move.

How many ET option expiration dates are there?

ET has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.