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 20, 2026
Days to expiration: 40
Share price: $20.41
Put/call ratio (OI): 0.14
Put/call ratio (volume): 1.20
ATM implied volatility: 25.4%
Expected move: ±$1.72
Open interest (C / P): 18.12K / 2.55K

ET options summary

The ET options chain for the November 20, 2026 expiration lists 7 call and 7 put contracts, with 40 days until expiration. Open interest stands at 18,121 calls and 2,549 puts, a put/call ratio of 0.14, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $20.00 strike is 25.4%, which implies the market expects a move of about ±$1.72 (8.4%) in Energy Transfer stock by expiration.

The most open interest sits at the $22.00 call (12.55K contracts) and the $20.00 put (996 contracts).

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

ET options chain · November 20, 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
1	—	81.3%	7.94	7.00	8.00	13.00	—	—	—	—	—	—
7	—	69.9%	7.17	6.00	7.00	14.00	—	—	—	—	—	—
—	—	—	—	—	—	15.00	0.00	0.25	0.07	63.9%	2	12
—	—	—	—	—	—	17.00	0.00	0.12	0.04	42.0%	6	50
—	—	—	—	—	—	18.00	0.03	0.10	0.07	30.3%	50	105
187	150	30.7%	1.65	1.36	1.70	19.00	0.11	0.17	0.15	24.4%	6	684
1,350	35	24.2%	0.82	0.64	0.88	20.00	0.42	0.53	0.45	26.6%	201	996
ET $20.41
2,276	99	20.9%	0.30	0.23	0.33	21.00	0.95	1.18	1.00	30.9%	81	695
12,551	3	20.4%	0.09	0.05	0.10	22.00	1.61	2.08	2.33	39.2%	1	7
1,749	2	23.6%	0.03	0.00	0.05	23.00	—	—	—	—	—	—

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 20, 2026 expiration, the ET put/call ratio based on open interest is 0.14 (2,549 puts vs 18,121 calls), and 1.20 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 20, 2026 is about 25.4%, 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.