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: Jan 15, 2027
Days to expiration: 96
Share price: $20.41
Put/call ratio (OI): 0.14
Put/call ratio (volume): 0.23
ATM implied volatility: 23.9%
Expected move: ±$2.50
Open interest (C / P): 355.32K / 51.08K

ET options summary

The ET options chain for the January 15, 2027 expiration lists 24 call and 21 put contracts, with 96 days until expiration. Open interest stands at 355,318 calls and 51,081 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 23.9%, which implies the market expects a move of about ±$2.50 (12.2%) in Energy Transfer stock by expiration.

The most open interest sits at the $20.00 call (83.62K contracts) and the $15.00 put (13.20K contracts).

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

ET options chain · January 15, 2027

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
9	16	189.1%	16.97	16.95	18.00	3.00	0.00	0.01	0.01	137.5%	1	59
0	3	—	16.28	0.00	0.00	5.00	0.00	0.03	0.02	112.5%	5	20
1	2	94.9%	12.18	11.95	13.00	8.00	0.00	0.23	0.02	105.1%	36	173
1,912	2	74.2%	10.30	9.95	11.00	10.00	0.00	0.10	0.03	71.1%	11	3,687
0	2	141.7%	9.35	10.10	11.05	11.00	—	—	—	—	—	—
0	2	127.9%	8.40	9.10	10.10	12.00	0.00	0.26	0.06	65.6%	1	17
3,679	101	86.8%	7.50	6.95	8.00	13.00	0.00	0.10	0.01	54.1%	5	5,980
4	5	76.2%	7.46	6.00	7.00	14.00	0.00	0.25	0.27	58.1%	3	116
9,559	1	52.0%	5.60	5.40	5.70	15.00	0.01	0.08	0.05	37.5%	2	13,202
0	1	—	5.43	0.00	0.00	16.00	0.00	0.11	0.07	33.4%	2	520
8,494	20	35.7%	3.65	3.45	3.70	17.00	0.06	0.14	0.10	28.5%	14	12,494
325	1	36.4%	2.45	2.45	2.95	18.00	0.01	0.29	0.15	27.9%	5	3,873
1,938	11	28.7%	1.87	1.58	2.00	19.00	0.28	0.35	0.32	21.8%	11	1,621
83,624	70	21.9%	1.03	0.98	1.13	20.00	0.61	0.88	0.65	25.8%	25	6,335
ET $20.41
19,760	204	21.0%	0.55	0.49	0.63	21.00	1.10	1.40	1.12	25.4%	33	1,925
72,559	1,329	20.1%	0.26	0.26	0.30	22.00	1.83	2.16	1.84	27.6%	200	401
28,757	7	20.2%	0.12	0.10	0.14	23.00	2.35	2.98	2.87	29.1%	1	26
1,818	45	24.4%	0.07	0.03	0.13	24.00	0.00	0.00	3.08	—	—	0
50,720	8	27.5%	0.05	0.03	0.11	25.00	4.15	5.40	4.62	52.8%	60	630
190	2	36.4%	0.04	0.00	0.20	26.00	—	—	—	—	—	—
12,200	2	33.6%	0.06	0.00	0.09	27.00	0.00	0.00	5.85	—	1	0
207	19	47.0%	0.03	0.01	0.26	28.00	—	—	—	—	—	—
34,656	4	30.5%	0.01	0.00	0.01	30.00	0.00	0.00	9.25	—	5	0
24,906	7	44.5%	0.01	0.00	0.02	35.00	16.10	17.45	18.50	133.2%	2	2

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 January 15, 2027 expiration, the ET put/call ratio based on open interest is 0.14 (51,081 puts vs 355,318 calls), and 0.23 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 January 15, 2027 is about 23.9%, 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.