Tour v394
ET
ENERGY TRANSFER L P
$20.42 +0.25%
$20.43 (+0.05%)🌙
as of 07/23 06:30 PM
(7/22 19:16) ◀
|
Thursday, July 23, 2026 (6:30pm)
January 2026
|
▶ (7/24 02:19)
◀ 7/23 18:30 ▶

Option Volume

Detail
ℹ
Current (07/23) 27,964
Calls: 25,147 (90%)
Puts: 2,817 (10%)
Prior (07/22) 20,579
Calls: 17,361 (84%)
Puts: 3,218 (16%)
Current vs Prior +35.89%
Calls: +44.85% (Calls)
Puts: -12.46% (Puts)
Prior 7-Day Total 185,134
Calls: 164,240 (89%)
Puts: 20,894 (11%)
Prior 7-Day Average 26,447
Calls: 23,462 (89%)
Puts: 2,984 (11%)
Current vs Prior 7-Day Avg +5.73%
Calls: +7.18%
Puts: -5.62%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/23) $1.05M
Calls: $898.8K (86%)
Puts: $147.2K (14%)
Prior (07/22) $896.6K
Calls: $821.1K (92%)
Puts: $75.5K (8%)
Current vs Prior +16.66%
Calls: +9.45%
Puts: +95.02%
Prior 7-Day Total $9.74M
Calls: $9.06M (93%)
Puts: $682.9K (7%)
Prior 7-Day Average $1.39M
Calls: $1.29M (93%)
Puts: $97.6K (7%)
Current vs Prior 7-Day Avg -24.85%
Calls: -30.56%
Puts: +50.89%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 0.11
Prior (07/22) 0.19
Current vs Prior -39.56%
Prior 7-Day Average 0.19
Current vs Prior 7-Day Avg -41.88%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/23) 652,128
Calls: 626,654 (96%)
Puts: 25,474 (4%)
Prior (07/22) 558,621
Calls: 533,030 (95%)
Puts: 25,591 (5%)
Current vs Prior +16.74%
Prior 7-Day Total 4,658,264
Calls: 4,265,925 (92%)
Puts: 392,339 (8%)
Prior 7-Day Average 665,466
Calls: 609,417 (92%)
Puts: 56,048 (8%)
Current vs Prior 7-Day Avg -2.00%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.45% | 3.62%6.07% | 8.37%
Prior 3.04% | 4.12%6.43% | 9.23%
Current vs Prior -19.55% | -12.12%-5.57% | -9.27%
Prior 7-Day Avg 3.14% | 4.00%4.51% | 8.46%
Current vs 7-Day Avg -22.03% | -9.29%+34.55% | -0.99%
Prior 7-Day Eod 3.04% | 4.12%6.43% | 9.23%
Current vs 7-Day Eod -19.55% | -12.12%-5.57% | -9.27%
Sentiment BULLISHBULLISH

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 86% of dollar volume in calls ($898.8K) vs puts ($147.2K). Extreme bullish P/C ratio of 0.11 - heavy call buying (25,147 calls vs 2,817 puts). P/C ratio dropping 40% - sentiment shifting bullish. Call-heavy open interest (626,654 calls vs 25,474 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 1 of results (avg 7.3%, best 7.3%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Aug 210.650.70$0.687.4%1250.6224.9K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.68, cheapest $0.68)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Aug 210.650.70$0.687.4%1250.6224.9K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 27 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$18.00Aug 72.222.94$2.5827.9%11.00119
$18.00Aug 212.162.64$2.4020.0%31.001.1K
$16.50Jul 243.404.10$3.7518.7%10.993
$18.00Jul 241.872.88$2.3842.4%80.98--
$19.00Jul 241.191.57$1.3827.5%410.972.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Jul 240.490.65$0.5728.1%11.00--
$20.50Jul 240.010.21$0.11181.8%530.62363
$20.50Aug 280.321.02$0.67104.5%50.597
$20.50Aug 70.300.68$0.4977.6%50.58248
$20.50Aug 140.460.78$0.6251.6%50.586

Most actively traded options today. High liquidity = easy entry/exit. 73 active (total vol 11.4K, top 3.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.50Jul 240.050.08$0.0742.9%3.3K0.426.6K
$20.50Jul 310.150.24$0.2045.0%1.3K0.4623.7K
$21.00Aug 70.100.16$0.1346.2%8300.24921
$21.00Aug 210.150.20$0.1827.8%7700.2717.5K
$20.00Jul 240.340.44$0.3925.6%7550.933.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.50Jul 240.000.03$0.02150.0%3870.06778
$20.00Jul 240.000.02$0.01200.0%3120.07401
$19.00Jul 240.000.02$0.01200.0%1370.03795
$20.00Aug 70.140.41$0.2896.4%720.381.5K
$19.00Aug 280.060.21$0.14107.1%720.181.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 15 strikes (avg 104.8%, max 312.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$18.00Jul 24Aug 21126.2%30.6%312.5%111.1K
$18.50Jul 24Jul 31138.8%41.3%236.2%7277
$19.00Jul 24Aug 2179.7%24.8%221.5%3184.5K
$19.50Jul 24Aug 760.6%30.7%97.5%88940
$21.00Jul 24Sep 430.0%18.0%66.6%376.9K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$19.00Jul 24Sep 479.7%21.4%272.8%139795
$19.50Jul 24Aug 1460.6%22.4%170.7%4251.0K
$20.00Jul 24Aug 2830.8%20.6%49.8%313401
$18.50Aug 14Aug 2827.7%22.9%21.3%3214
$20.50Jul 24Aug 2821.1%20.9%0.9%58370

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 23 found (best R:R 12.33, avg 2.19)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$21.00$23.00Aug 28$0.15$1.85$0.1512.33$21.15
$20.50$21.00Jul 31$0.14$0.36$0.142.57$20.64
$20.50$21.00Aug 7$0.16$0.34$0.162.13$20.66
$20.50$21.00Aug 28$0.18$0.32$0.181.78$20.68
$20.50$21.00Aug 21$0.19$0.31$0.191.63$20.69
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$20.50$20.00Jul 24$0.10$0.40$0.104.00$20.40
$19.50$19.00Aug 7$0.10$0.40$0.104.00$19.40
$20.00$19.00Aug 21$0.22$0.78$0.223.55$19.78
$20.00$19.50Aug 14$0.15$0.35$0.152.33$19.85
$20.00$19.00Aug 28$0.31$0.69$0.312.23$19.69

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 27 found (best R:R 4.00, avg 1.13)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$16.50$17.00Jul 24$0.40$0.40$0.104.00$16.90
$19.50$20.00Jul 31$0.37$0.37$0.132.85$19.87
$19.00$20.00Aug 21$0.74$0.74$0.262.85$19.74
$19.50$20.00Aug 7$0.35$0.35$0.152.33$19.85
$20.00$20.50Aug 7$0.33$0.33$0.171.94$20.33
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$20.50$20.00Aug 14$0.30$0.30$0.201.50$20.20
$20.50$20.00Aug 28$0.22$0.22$0.280.79$20.28
$20.50$20.00Aug 7$0.21$0.21$0.290.72$20.29
$20.50$20.00Aug 21$0.20$0.20$0.300.67$20.30
$20.50$20.00Jul 31$0.16$0.16$0.340.47$20.34

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.12, cheapest $0.05)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$21.50Jul 31Aug 7$0.0521.4%25.2%
$20.00Jul 24Jul 31$0.1130.8%19.4%
$20.50Jul 24Jul 31$0.1321.1%18.7%
$18.00Jul 24Aug 7$0.20126.2%38.3%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$20.00Jul 24Jul 31$0.0730.8%19.4%
$20.50Jul 24Jul 31$0.1321.1%18.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 21 found (cheapest 0.88% of stock, avg 5.42%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$20.50Jul 24$0.07$0.11$0.18$20.32$20.680.88%
$20.00Jul 24$0.39$0.01$0.40$19.60$20.401.96%
$20.50Jul 31$0.20$0.24$0.44$20.06$20.942.15%
$21.00Jul 24$0.01$0.57$0.58$20.42$21.582.84%
$20.00Jul 31$0.50$0.08$0.58$19.42$20.582.84%
$20.50Aug 7$0.29$0.49$0.78$19.72$21.283.82%
$19.50Jul 31$0.87$0.02$0.89$18.61$20.394.36%
$20.00Aug 7$0.62$0.28$0.90$19.10$20.904.41%
$20.00Aug 14$0.60$0.32$0.92$19.08$20.924.51%
$20.50Aug 21$0.37$0.56$0.93$19.57$21.434.55%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 60 found (cheapest 0.20% of stock, avg 1.58%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$21.50$19.50Jul 31$0.02$0.02$0.04$19.46$21.54
$21.50$19.00Jul 31$0.02$0.05$0.07$18.93$21.57
$20.50$20.00Jul 24$0.07$0.01$0.08$19.92$20.58
$21.00$19.50Jul 31$0.06$0.02$0.08$19.42$21.08
$20.50$19.50Jul 24$0.07$0.02$0.09$19.41$20.59
$21.50$20.00Jul 31$0.02$0.08$0.10$19.90$21.60
$21.00$19.00Jul 31$0.06$0.05$0.11$18.89$21.11
$22.00$18.50Aug 14$0.05$0.06$0.11$18.39$22.11
$22.00$19.00Aug 7$0.03$0.10$0.13$18.87$22.13
$22.00$19.00Aug 14$0.05$0.08$0.13$18.87$22.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 6 found (best R:R 3.17, avg credit $0.40)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
20/2020/21Aug 14$0.38$0.123.17$19.62$20.88
19/2020/21Aug 7$0.26$0.241.08$19.24$20.76
19/2020/21Aug 28$0.49$0.510.96$19.51$20.99
19/2020/21Aug 21$0.41$0.590.69$19.59$20.91
19/2021/23Aug 28$0.46$1.540.30$19.54$21.46
20/2021/23Aug 28$0.37$1.630.23$20.13$21.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 23 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$19.50$20.00$20.50Jul 31$0.07$0.436.14
$21.00$21.50$22.00Aug 21$0.07$0.436.14
$20.00$20.50$21.00Aug 28$0.09$0.414.56
$20.50$21.00$21.50Jul 31$0.10$0.404.00
$20.50$21.00$21.50Aug 7$0.10$0.404.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$19.00$19.50$20.00Aug 14$0.06$0.447.33
$18.50$19.00$19.50Aug 14$0.07$0.436.14
$18.00$19.00$20.00Aug 21$0.15$0.855.67
$19.00$19.50$20.00Jul 31$0.09$0.414.56
$19.50$20.00$20.50Jul 31$0.10$0.404.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 31 found (best net $-0.25, 17 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$21.50$22.501:2Jul 31$0.00$1.00
$18.00$19.001:2Aug 21-$0.44$0.56
$21.50$22.001:2Aug 21-$0.05$0.45
$20.00$20.501:2Aug 21-$0.06$0.44
$20.00$20.501:2Aug 28-$0.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$19.00$17.001:2Jul 24-$0.25$1.75
$19.00$18.001:2Aug 21$0.00$1.00
$20.50$20.001:2Aug 7-$0.07$0.43
$19.50$19.001:2Jul 31-$0.08$0.42
$20.00$19.501:2Aug 7-$0.12$0.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 12 found (best yield 1.47%, avg 0.89%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$20.50Aug 28$0.300.430.4%1.47%1.86%63.2K
$20.50Sep 4$0.300.440.4%1.47%1.86%1--
$20.50Aug 21$0.290.440.4%1.42%1.81%64546
$20.50Aug 14$0.240.430.4%1.18%1.57%5201.4K
$20.50Aug 7$0.230.430.4%1.13%1.52%2545.2K
$20.50Jul 31$0.150.460.4%0.73%1.13%1.3K23.7K
$21.00Aug 21$0.150.272.8%0.73%3.57%77017.5K
$21.00Aug 28$0.130.282.8%0.64%3.48%301.1K
$21.00Sep 4$0.130.282.8%0.64%3.48%2--
$21.00Aug 7$0.100.242.8%0.49%3.33%830921

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 25,147
Total Puts 2,817
Put/Call Ratio 0.11
Net Difference 22,330

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 164,240
Total Puts 20,894
Average Put/Call Ratio 0.19
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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