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: Apr 16, 2027
Days to expiration: 187
Share price: $20.41
Put/call ratio (OI): 1.46
Put/call ratio (volume): 8.15
ATM implied volatility: 21.9%
Expected move: ±$3.20
Open interest (C / P): 1.77K / 2.60K

ET options summary

The ET options chain for the April 16, 2027 expiration lists 11 call and 7 put contracts, with 187 days until expiration. Open interest stands at 1,773 calls and 2,595 puts, a put/call ratio of 1.46, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $20.00 strike is 21.9%, which implies the market expects a move of about ±$3.20 (15.7%) in Energy Transfer stock by expiration.

The most open interest sits at the $24.00 call (669 contracts) and the $21.00 put (1.13K contracts).

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

ET options chain · April 16, 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
—	—	—	—	—	—	16.00	0.01	0.32	0.20	32.4%	25	33
35	7	35.1%	3.85	3.35	4.05	17.00	0.05	0.37	0.29	28.1%	1	5
5	4	30.6%	2.82	2.52	3.15	18.00	0.17	0.55	0.51	26.4%	27	96
46	15	27.4%	1.75	1.71	2.35	19.00	0.37	0.82	0.78	25.1%	5	177
53	1	21.0%	1.41	1.06	1.43	20.00	0.92	1.12	1.16	22.8%	20	947
ET $20.41
310	16	20.3%	0.85	0.71	0.93	21.00	1.28	1.70	1.80	23.4%	400	1,125
295	10	23.0%	0.55	0.32	0.74	22.00	1.82	2.46	1.75	25.3%	3	212
331	1	23.2%	0.32	0.12	0.50	23.00	—	—	—	—	—	—
669	1	24.1%	0.17	0.03	0.36	24.00	—	—	—	—	—	—
5	3	25.5%	0.10	0.01	0.28	25.00	—	—	—	—	—	—
14	1	23.4%	0.07	0.05	0.13	26.00	—	—	—	—	—	—
10	—	34.1%	0.11	0.00	0.20	29.00	—	—	—	—	—	—

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 April 16, 2027 expiration, the ET put/call ratio based on open interest is 1.46 (2,595 puts vs 1,773 calls), and 8.15 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 April 16, 2027 is about 21.9%, 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.