Tour v388
ET
ENERGY TRANSFER L P
$20.37 +0.59%
$20.45 (+0.39%)🌙
as of 07/22 07:16 PM
(7/21 18:29) ◀
|
Wednesday, July 22, 2026 (7:16pm)
January 2026
|
▶ (7/23 18:30)
◀ 7/22 19:16 ▶

Option Volume

Detail
ℹ
Current (07/22) 20,579
Calls: 17,361 (84%)
Puts: 3,218 (16%)
Prior (07/21) 13,908
Calls: 9,034 (65%)
Puts: 4,874 (35%)
Current vs Prior +47.97%
Calls: +92.17% (Calls)
Puts: -33.98% (Puts)
Prior 7-Day Total 211,226
Calls: 188,400 (89%)
Puts: 22,826 (11%)
Prior 7-Day Average 30,175
Calls: 26,914 (89%)
Puts: 3,260 (11%)
Current vs Prior 7-Day Avg -31.80%
Calls: -35.50%
Puts: -1.31%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22) $896.6K
Calls: $821.1K (92%)
Puts: $75.5K (8%)
Prior (07/21) $736.7K
Calls: $633.9K (86%)
Puts: $102.7K (14%)
Current vs Prior +21.71%
Calls: +29.53%
Puts: -26.53%
Prior 7-Day Total $11.13M
Calls: $10.31M (93%)
Puts: $818.6K (7%)
Prior 7-Day Average $1.59M
Calls: $1.47M (93%)
Puts: $116.9K (7%)
Current vs Prior 7-Day Avg -43.61%
Calls: -44.26%
Puts: -35.45%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 0.19
Prior (07/21) 0.54
Current vs Prior -65.64%
Prior 7-Day Average 0.18
Current vs Prior 7-Day Avg +0.79%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22) 558,621
Calls: 533,030 (95%)
Puts: 25,591 (5%)
Prior (07/21) 616,259
Calls: 557,230 (90%)
Puts: 59,029 (10%)
Current vs Prior -9.35%
Prior 7-Day Total 4,834,669
Calls: 4,419,005 (91%)
Puts: 415,664 (9%)
Prior 7-Day Average 690,667
Calls: 631,286 (91%)
Puts: 59,380 (9%)
Current vs Prior 7-Day Avg -19.12%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.04% | 4.12%6.43% | 9.23%
Prior 2.91% | 4.00%7.11% | 9.48%
Current vs Prior +4.47% | +3.09%-9.56% | -2.66%
Prior 7-Day Avg 3.20% | 4.02%4.09% | 8.46%
Current vs 7-Day Avg -4.92% | +2.53%+57.24% | +9.14%
Prior 7-Day Eod 2.91% | 4.00%7.11% | 9.48%
Current vs 7-Day Eod +4.47% | +3.09%-9.56% | -2.66%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 19.27% | 13.21%
Calls: 16.33% | 10.42%
Puts: 22.22% | 16.00%
Prior 19.27% | 13.21%
Calls: 16.33% | 10.42%
Puts: 22.22% | 16.00%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 19.27% | 13.21%
Calls: 16.33% | 10.42%
Puts: 22.22% | 16.00%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 92% of dollar volume in calls ($821.1K) vs puts ($75.5K). Extreme bullish P/C ratio of 0.19 - heavy call buying (17,361 calls vs 3,218 puts). P/C ratio dropping 66% - sentiment shifting bullish. Call-heavy open interest (533,030 calls vs 25,591 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 2 of results (avg 7.2%, best 4.6%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Aug 210.630.66$0.654.6%1060.6124.9K
$20.00Aug 70.590.65$0.629.7%520.651.4K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.44, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Jul 310.050.06$0.0616.7%6280.171.9K
$21.00Aug 210.170.19$0.1811.1%7520.2617.0K
$20.00Aug 70.590.65$0.629.7%520.651.4K
$20.00Aug 210.630.66$0.654.6%1060.6124.9K
$20.00Aug 280.630.74$0.6915.9%150.62--
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 28 found (avg delta 0.83, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$18.00Aug 212.252.55$2.4012.5%221.00--
$16.50Jul 243.704.20$3.9512.7%10.992
$18.00Jul 242.212.48$2.3411.5%100.9718
$19.00Jul 241.291.50$1.4015.0%10.97--
$18.50Jul 241.711.95$1.8313.1%710.95282
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Jul 240.420.78$0.6060.0%261.00--
$21.00Aug 210.951.19$1.0722.4%100.74--
$20.50Jul 240.130.22$0.1850.0%510.63353
$20.50Aug 140.500.77$0.6442.2%10.606
$20.50Jul 310.210.34$0.2846.4%1210.58233

Most actively traded options today. High liquidity = easy entry/exit. 71 active (total vol 10.5K, top 1.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.50Aug 70.300.37$0.3420.6%1.1K0.464.1K
$20.50Jul 240.080.10$0.0922.2%1.0K0.406.8K
$21.00Aug 210.170.19$0.1811.1%7520.2617.0K
$20.00Jul 310.480.65$0.5630.4%6960.7411.9K
$20.50Jul 310.150.20$0.1827.8%6960.4223.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Aug 70.230.31$0.2729.6%1.1K0.35472
$19.50Jul 310.020.03$0.0333.3%1950.08951
$19.50Aug 140.110.27$0.1984.2%1750.2786
$20.00Jul 240.000.08$0.04200.0%1570.17315
$20.50Jul 310.210.34$0.2846.4%1210.58233

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 101.0%, max 220.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$18.00Jul 24Aug 2192.3%28.8%220.6%3218
$19.50Jul 24Aug 2851.6%19.1%170.1%5696
$19.00Jul 24Aug 2153.9%22.8%136.4%9--
$18.50Jul 24Aug 786.2%41.4%108.1%72282
$20.00Jul 24Aug 2829.6%16.8%76.1%1043.4K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$17.00Jul 31Aug 2186.6%31.9%171.5%121.0K
$19.00Jul 24Aug 2153.9%22.8%136.4%513.2K
$19.50Jul 24Aug 1451.6%22.3%131.4%251811
$20.00Jul 24Aug 2829.6%16.8%76.1%167315
$21.00Jul 24Aug 2127.9%20.6%35.6%36--

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 20 found (best R:R 17.18, avg 3.38)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$21.00$22.00Aug 7$0.10$0.90$0.109.00$21.10
$21.00$21.50Aug 28$0.11$0.39$0.113.55$21.11
$20.50$21.00Jul 31$0.12$0.38$0.123.17$20.62
$20.50$21.00Aug 28$0.16$0.34$0.162.12$20.66
$20.50$21.00Aug 14$0.17$0.33$0.171.94$20.67
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$19.00$17.00Aug 21$0.11$1.89$0.1117.18$18.89
$19.50$18.50Aug 14$0.14$0.86$0.146.14$19.36
$20.00$18.00Aug 28$0.29$1.71$0.295.90$19.71
$20.00$19.00Aug 21$0.25$0.75$0.253.00$19.75
$20.50$20.00Jul 24$0.14$0.36$0.142.57$20.36

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 28 found (best R:R 8.09, avg 1.51)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$18.00$19.00Aug 21$0.89$0.89$0.118.09$18.89
$18.50$19.50Jul 31$0.87$0.87$0.136.69$19.37
$20.00$20.50Jul 31$0.38$0.38$0.123.17$20.38
$19.50$20.00Aug 7$0.38$0.38$0.123.17$19.88
$19.50$20.00Jul 31$0.36$0.36$0.142.57$19.86
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$21.00$20.00Aug 21$0.69$0.69$0.312.23$20.31
$20.50$20.00Aug 14$0.27$0.27$0.231.17$20.23
$20.50$20.00Jul 31$0.18$0.18$0.320.56$20.32
$20.00$19.50Aug 14$0.18$0.18$0.320.56$19.82
$20.00$19.50Aug 7$0.17$0.17$0.330.52$19.83

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.16, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$19.50Jul 24Jul 31$0.0651.6%20.6%
$20.50Jul 24Jul 31$0.0921.9%18.0%
$19.00Jul 24Aug 21$0.1153.9%22.8%
$20.00Jul 24Jul 31$0.1229.6%19.0%
$18.00Jul 24Aug 7$0.2692.3%40.4%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$20.00Jul 24Jul 31$0.0629.6%19.0%
$20.50Jul 24Jul 31$0.1021.9%18.0%
$21.00Jul 24Aug 21$0.4727.9%20.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 1.33% of stock, avg 5.41%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$20.50Jul 24$0.09$0.18$0.27$20.23$20.771.33%
$20.50Jul 31$0.18$0.28$0.46$20.04$20.962.26%
$20.00Jul 24$0.44$0.04$0.48$19.52$20.482.36%
$21.00Jul 24$0.02$0.60$0.62$20.38$21.623.04%
$20.00Jul 31$0.56$0.10$0.66$19.34$20.663.24%
$20.00Aug 7$0.62$0.27$0.89$19.11$20.894.37%
$19.50Jul 24$0.86$0.04$0.90$18.60$20.404.42%
$20.00Aug 14$0.56$0.37$0.93$19.07$20.934.57%
$19.50Jul 31$0.92$0.03$0.95$18.55$20.454.66%
$20.50Aug 14$0.34$0.64$0.98$19.52$21.484.81%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 56 found (cheapest 0.25% of stock, avg 1.53%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$21.50$19.50Jul 31$0.02$0.03$0.05$19.45$21.55
$21.00$20.00Jul 24$0.02$0.04$0.06$19.94$21.06
$21.00$19.50Jul 24$0.02$0.04$0.06$19.44$21.06
$21.50$19.00Jul 31$0.02$0.05$0.07$18.93$21.57
$22.00$19.50Jul 31$0.05$0.03$0.08$19.42$22.08
$21.00$19.50Jul 31$0.06$0.03$0.09$19.41$21.09
$22.00$19.00Jul 31$0.05$0.05$0.10$18.90$22.10
$21.00$19.00Jul 31$0.06$0.05$0.11$18.89$21.11
$21.50$20.00Jul 31$0.02$0.10$0.12$19.88$21.62
$20.50$20.00Jul 24$0.09$0.04$0.13$19.87$20.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 11 found (best R:R 2.85, avg credit $0.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
20/2020/21Aug 7$0.37$0.132.85$19.63$20.87
20/2020/21Aug 14$0.35$0.152.33$19.65$20.85
19/2020/21Aug 21$0.46$0.540.85$19.54$20.96
18/2020/20Aug 14$0.36$0.640.56$19.14$20.36
18/2020/21Aug 14$0.31$0.690.45$19.19$20.81
20/2021/22Aug 7$0.27$0.730.37$19.73$21.27
17/1920/20Aug 21$0.47$1.530.31$18.53$19.97
18/2020/21Aug 28$0.45$1.550.29$19.55$20.95
18/2021/22Aug 28$0.40$1.600.25$19.60$21.40
17/1920/20Aug 21$0.37$1.630.23$18.63$20.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 28 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$20.00$20.50$21.00Aug 14$0.05$0.459.00
$20.00$20.50$21.00Aug 21$0.05$0.459.00
$20.50$21.00$21.50Aug 28$0.05$0.459.00
$20.50$21.00$21.50Jul 24$0.06$0.447.33
$21.00$21.50$22.00Aug 21$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$19.00$19.50$20.00Jul 31$0.09$0.414.56
$19.50$20.00$20.50Aug 14$0.09$0.414.56
$19.50$20.00$20.50Jul 31$0.11$0.393.55
$19.50$20.00$20.50Jul 24$0.14$0.362.57
$19.00$20.00$21.00Aug 21$0.44$0.561.27

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 36 found (best net $-0.01, 21 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$18.50$19.501:2Jul 31-$0.05$0.95
$18.50$19.501:2Aug 7-$0.05$0.95
$21.50$22.501:2Aug 14-$0.18$0.82
$20.00$20.501:2Aug 7-$0.06$0.44
$21.50$22.001:2Jul 31-$0.08$0.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$19.00$16.501:2Jul 24-$0.01$2.49
$19.00$17.001:2Jul 31-$0.17$1.83
$19.50$19.001:2Jul 31-$0.07$0.43
$20.50$20.001:2Aug 14-$0.10$0.40
$19.00$17.001:2Aug 21$0.09$1.91

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 1.72%, avg 0.91%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$20.50Aug 28$0.350.410.6%1.72%2.36%903.1K
$20.50Aug 21$0.320.420.6%1.57%2.21%319232
$20.50Aug 7$0.300.460.6%1.47%2.11%1.1K4.1K
$20.50Aug 14$0.290.410.6%1.42%2.06%1841.4K
$21.00Aug 21$0.170.263.1%0.83%3.93%75217.0K
$21.00Aug 28$0.170.283.1%0.83%3.93%105949
$20.50Jul 31$0.150.420.6%0.74%1.37%69623.7K
$21.00Aug 14$0.140.253.1%0.69%3.78%182388
$21.00Aug 7$0.100.263.1%0.49%3.58%198750
$20.50Jul 24$0.080.400.6%0.39%1.03%1.0K6.8K

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 17,361
Total Puts 3,218
Put/Call Ratio 0.19
Net Difference 14,143

Prior's Put/Call Breakdown

Total Calls 9,034
Total Puts 4,874
Put/Call Ratio 0.54
Net Difference 4,160

Prior 7-Day Put/Call Summary

Total Calls 188,400
Total Puts 22,826
Average Put/Call Ratio 0.18
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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