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 21, 2028
Days to expiration: 468
Share price: $20.41
Put/call ratio (OI): 0.17
Put/call ratio (volume): 0.78
ATM implied volatility: 20.6%
Expected move: ±$4.76
Open interest (C / P): 173.60K / 29.11K

ET options summary

The ET options chain for the January 21, 2028 expiration lists 13 call and 13 put contracts, with 468 days until expiration. Open interest stands at 173,601 calls and 29,115 puts, a put/call ratio of 0.17, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $20.00 strike is 20.6%, which implies the market expects a move of about ±$4.76 (23.3%) in Energy Transfer stock by expiration.

The most open interest sits at the $22.00 call (30.86K contracts) and the $13.00 put (10.21K contracts).

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

ET options chain · January 21, 2028

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	32	85.9%	16.82	16.95	18.00	3.00	0.00	0.90	0.03	131.3%	5	20
2	2	63.3%	15.32	14.95	16.00	5.00	0.00	2.53	0.98	135.6%	5	2
0	10	—	14.30	0.00	0.00	8.00	0.00	0.50	0.17	56.5%	26	122
224	1	56.5%	10.14	9.95	11.00	10.00	0.05	0.33	0.09	47.8%	77	128
24,677	1	39.5%	7.10	7.05	8.00	13.00	0.13	0.23	0.24	29.8%	7	10,215
14,479	6	24.8%	5.55	5.35	5.75	15.00	0.30	0.37	0.36	25.5%	20	6,130
15,892	104	22.2%	3.75	3.60	4.05	17.00	0.63	0.69	0.66	23.0%	1	7,455
24,402	65	18.6%	1.83	1.72	1.91	20.00	1.67	1.86	1.80	22.6%	15	2,695
ET $20.41
30,860	50	18.6%	1.10	0.96	1.10	22.00	2.79	3.05	2.69	22.6%	70	1,930
14,260	20	19.7%	0.45	0.36	0.50	25.00	4.95	5.40	5.69	24.1%	12	370
27,199	4	23.1%	0.27	0.24	0.45	27.00	0.00	0.00	7.00	—	1	0
6,786	11	24.1%	0.18	0.04	0.24	30.00	9.20	10.25	9.20	32.1%	1	48
14,804	6	25.4%	0.07	0.06	0.09	35.00	11.50	16.45	14.65	56.6%	2	0

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 21, 2028 expiration, the ET put/call ratio based on open interest is 0.17 (29,115 puts vs 173,601 calls), and 0.78 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 21, 2028 is about 20.6%, 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.