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: Dec 18, 2026
Days to expiration: 68
Share price: $20.41
Put/call ratio (OI): 0.27
Put/call ratio (volume): 0.28
ATM implied volatility: 21.6%
Expected move: ±$1.91
Open interest (C / P): 49.44K / 13.16K

ET options summary

The ET options chain for the December 18, 2026 expiration lists 26 call and 16 put contracts, with 68 days until expiration. Open interest stands at 49,443 calls and 13,158 puts, a put/call ratio of 0.27, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $20.00 strike is 21.6%, which implies the market expects a move of about ±$1.91 (9.3%) in Energy Transfer stock by expiration.

The most open interest sits at the $25.00 call (14.02K contracts) and the $17.00 put (5.44K contracts).

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

ET options chain · December 18, 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
0	11	—	17.80	0.00	0.00	3.00	0.00	0.22	0.01	246.1%	—	25
0	10	—	15.85	0.00	0.00	5.00	—	—	—	—	—	—
4	4	112.5%	12.00	11.95	13.00	8.00	—	—	—	—	—	—
0	2	—	11.22	0.00	0.00	10.00	0.00	0.24	0.17	98.4%	—	2
0	—	141.6%	9.65	9.65	10.65	11.00	—	—	—	—	—	—
0	—	127.5%	8.50	8.70	9.65	12.00	—	—	—	—	—	—
0	60	—	7.75	0.00	0.00	13.00	0.00	0.26	0.10	67.8%	2	3
0	—	120.0%	6.30	7.10	8.10	14.00	0.00	0.28	0.17	59.4%	—	1
16	13	78.4%	4.93	5.05	6.00	15.00	0.00	0.10	0.10	46.7%	1	810
11	7	69.2%	3.85	4.05	5.05	16.00	0.00	0.10	0.08	38.7%	1	86
163	4	49.5%	3.71	3.05	3.85	17.00	0.03	0.10	0.11	30.9%	14	5,444
148	4	38.1%	2.40	2.46	2.82	18.00	0.07	0.19	0.13	28.4%	41	1,399
559	3	30.0%	1.75	1.51	1.88	19.00	0.20	0.35	0.25	25.8%	61	3,638
8,965	152	20.2%	0.89	0.84	0.93	20.00	0.48	0.62	0.53	23.1%	20	1,229
ET $20.41
7,129	209	20.3%	0.42	0.41	0.47	21.00	0.91	1.31	1.11	27.5%	1	323
12,199	16	21.2%	0.18	0.12	0.23	22.00	1.68	2.09	1.84	30.5%	3	101
2,945	6	21.7%	0.08	0.05	0.10	23.00	2.30	2.95	2.60	33.3%	1	32
2,782	10	24.8%	0.05	0.03	0.07	24.00	3.15	4.25	2.71	50.9%	—	4
14,021	1	27.5%	0.03	0.02	0.05	25.00	4.25	5.25	3.80	57.4%	1	32
141	2	35.5%	0.03	0.00	0.09	26.00	4.05	5.50	6.47	—	—	29
156	1	50.7%	0.02	0.00	0.25	27.00	—	—	—	—	—	—
0	2	12.5%	0.05	0.00	0.00	28.00	—	—	—	—	—	—
50	—	51.4%	0.03	0.00	0.27	29.00	—	—	—	—	—	—
142	2	56.5%	0.03	0.00	0.15	30.00	—	—	—	—	—	—
12	6	60.5%	0.04	0.00	0.24	32.00	—	—	—	—	—	—
0	—	25.0%	0.01	0.00	0.00	35.00	—	—	—	—	—	—

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 December 18, 2026 expiration, the ET put/call ratio based on open interest is 0.27 (13,158 puts vs 49,443 calls), and 0.28 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 December 18, 2026 is about 21.6%, 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.