Tour v526
ET
ENERGY TRANSFER L P
$21.51 +0.05%
$21.50 (-0.05%)🌙
as of 09/08 06:24 PM
(9/4 18:25) ◀
|
Tuesday, September 8, 2026 (6:24pm)
January 2026
|
▶ (9/9 18:25)
◀ 9/8 18:24 ▶

Option Volume

Detail
ℹ
Current (09/08) 14,673
Calls: 11,216 (76%)
Puts: 3,457 (24%)
Prior (09/04) 15,427
Calls: 12,190 (79%)
Puts: 3,237 (21%)
Current vs Prior -4.89%
Calls: -7.99% (Calls)
Puts: +6.80% (Puts)
Prior 7-Day Total 160,944
Calls: 136,667 (85%)
Puts: 24,277 (15%)
Prior 7-Day Average 22,992
Calls: 19,523 (85%)
Puts: 3,468 (15%)
Current vs Prior 7-Day Avg -36.18%
Calls: -42.55%
Puts: -0.32%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (09/08) $860.8K
Calls: $788.6K (92%)
Puts: $72.2K (8%)
Prior (09/04) $560.6K
Calls: $476.6K (85%)
Puts: $84.0K (15%)
Current vs Prior +53.54%
Calls: +65.46%
Puts: -14.06%
Prior 7-Day Total $8.79M
Calls: $8.10M (92%)
Puts: $694.8K (8%)
Prior 7-Day Average $1.26M
Calls: $1.16M (92%)
Puts: $99.3K (8%)
Current vs Prior 7-Day Avg -31.45%
Calls: -31.81%
Puts: -27.26%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/08) 0.31
Prior (09/04) 0.27
Current vs Prior +16.07%
Prior 7-Day Average 0.25
Current vs Prior 7-Day Avg +24.93%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (09/08) 650,152
Calls: 591,603 (91%)
Puts: 58,549 (9%)
Prior (09/04) 572,789
Calls: 533,856 (93%)
Puts: 38,933 (7%)
Current vs Prior +13.51%
Prior 7-Day Total 4,435,354
Calls: 4,119,782 (93%)
Puts: 315,572 (7%)
Prior 7-Day Average 633,622
Calls: 588,540 (93%)
Puts: 45,081 (7%)
Current vs Prior 7-Day Avg +2.61%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/11) | Next (09/18)Expiry (09/18) | Next (10/16)
Current 3.21% | 3.81%3.81% | 7.25%
Prior 1.58% | 2.88%2.88% | 7.44%
Current vs Prior +102.85% | +32.20%+32.20% | -2.55%
Prior 7-Day Avg 2.91% | 3.62%4.37% | 7.76%
Current vs 7-Day Avg +10.16% | +5.16%-12.79% | -6.56%
Prior 7-Day Eod 1.58% | 2.88%2.88% | 7.44%
Current vs 7-Day Eod +102.85% | +32.20%+32.20% | -2.55%
Sentiment BEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 28.59% | 43.88%
Calls: 29.41% | 55.56%
Puts: 27.78% | 32.20%
Prior 28.59% | 43.88%
Calls: 29.41% | 55.56%
Puts: 27.78% | 32.20%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 33.34% | 46.69%
Calls: 37.33% | 48.95%
Puts: 29.37% | 44.43%
Current vs 7-Day Avg -14.26% | -6.02%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 92% of dollar volume in calls ($788.6K) vs puts ($72.2K). Elevated premium activity with dollar volume up 54% vs prior. Extreme bullish P/C ratio of 0.31 - heavy call buying (11,216 calls vs 3,457 puts). Call-heavy open interest (591,603 calls vs 58,549 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 9.9%, best 9.9%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Oct 161.631.80$1.729.9%1780.8812.1K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 8 found (avg $0.53, cheapest $0.55)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Sep 110.500.60$0.5518.2%130.912.3K
$22.00Oct 230.370.43$0.4015.0%40.39--
$21.00Oct 20.700.84$0.7718.2%120.6956
$21.50Oct 230.560.68$0.6219.4%1310.51213
$21.00Oct 160.820.93$0.8812.5%3190.6938.8K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Oct 20.190.23$0.2119.0%580.31123
$22.00Sep 180.510.61$0.5617.9%440.77808
$21.00Oct 160.250.29$0.2714.8%1020.321.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 25 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.00Sep 182.322.69$2.5114.7%61.0044
$20.50Sep 110.941.14$1.0419.2%2660.98714
$18.00Oct 163.303.75$3.5312.7%20.97115
$19.00Oct 162.512.79$2.6510.6%40.95--
$20.00Sep 181.461.65$1.5612.2%130.941.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.50Sep 110.911.28$1.1033.6%10.97--
$22.00Sep 110.430.67$0.5543.6%310.8871
$22.00Sep 180.510.61$0.5617.9%440.77808
$22.00Oct 90.570.83$0.7037.1%10.66--
$22.00Oct 160.560.80$0.6835.3%20.62--

Most actively traded options today. High liquidity = easy entry/exit. 81 active (total vol 11.4K, top 2.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$22.00Oct 90.200.31$0.2642.3%2.0K0.34182
$21.50Sep 180.190.32$0.2650.0%1.9K0.493.6K
$22.00Oct 20.180.27$0.2339.1%1.0K0.331.1K
$22.00Sep 110.020.03$0.0333.3%5570.121.2K
$21.50Sep 110.100.17$0.1450.0%4470.493.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.50Sep 180.220.31$0.2733.3%8430.51233
$21.00Sep 180.080.13$0.1145.5%5930.253.4K
$21.00Sep 110.000.05$0.03166.7%2500.12535
$21.50Sep 110.090.19$0.1471.4%2330.51283
$20.00Oct 160.060.13$0.1070.0%2190.132.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 5.1%, max 5.1%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$21.50Sep 11Oct 2318.3%17.4%5.1%5783.4K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$21.50Sep 11Oct 2318.3%17.4%5.1%234283

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 25 found (best R:R 0.72, avg 2.32)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$21.00$22.00Oct 16$0.54$0.46$0.5469%0.85$21.54
$22.00$22.50Oct 9$0.12$0.38$0.1234%3.17$22.12
$21.50$22.00Oct 23$0.22$0.28$0.2251%1.27$21.72
$21.50$22.00Sep 18$0.16$0.34$0.1649%2.12$21.66
$21.50$22.00Sep 11$0.11$0.39$0.1149%3.55$21.61
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$22.00$21.50Sep 18$0.29$0.21$0.2976%0.72$21.71
$22.00$21.00Oct 16$0.41$0.59$0.4162%1.44$21.59
$21.50$21.00Sep 25$0.13$0.37$0.1347%2.85$21.37
$22.00$21.50Oct 9$0.26$0.24$0.2666%0.92$21.74
$21.50$21.00Oct 23$0.18$0.32$0.1849%1.78$21.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 14 found (best R:R 0.61, avg 0.41)

BEAR CALL (4)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$22.00$22.50Oct 23$0.20$0.20$0.3061%0.67$22.20
$22.00$23.00Oct 16$0.24$0.24$0.7662%0.32$22.24
$22.00$22.50Oct 2$0.13$0.13$0.3767%0.35$22.13
$22.00$22.50Oct 9$0.12$0.12$0.3866%0.32$22.12
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$21.00$20.50Oct 23$0.19$0.19$0.3165%0.61$20.81
$20.50$19.50Oct 9$0.10$0.10$0.9081%0.11$20.40
$21.00$20.00Oct 16$0.17$0.17$0.8368%0.20$20.83
$21.50$21.00Sep 11$0.11$0.11$0.3949%0.28$21.39
$21.50$21.00Oct 2$0.19$0.19$0.3150%0.61$21.31

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.12, cheapest $0.12)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$21.50Sep 11Sep 18$0.1218.3%19.1%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$21.50Sep 11Sep 18$0.1318.3%19.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 21 found (cheapest 1.30% of stock, avg 4.62%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$21.50Sep 11$0.14$0.14$0.28$21.22$21.781.30%
$21.50Sep 18$0.26$0.27$0.53$20.97$22.032.46%
$21.00Sep 11$0.55$0.03$0.58$20.42$21.582.70%
$22.00Sep 11$0.03$0.55$0.58$21.42$22.582.70%
$22.00Sep 18$0.10$0.56$0.66$21.34$22.663.07%
$21.50Sep 25$0.38$0.28$0.66$20.84$22.163.07%
$21.00Sep 18$0.62$0.11$0.73$20.27$21.733.39%
$21.50Oct 2$0.44$0.40$0.84$20.66$22.343.91%
$21.50Oct 9$0.52$0.44$0.96$20.54$22.464.46%
$22.00Oct 9$0.26$0.70$0.96$21.04$22.964.46%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 90 found (cheapest 0.28% of stock, avg 1.44%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$22.00$21.00Sep 11$0.03$0.03$0.06$20.94$22.06
$22.50$20.00Sep 18$0.02$0.04$0.06$19.94$22.56
$22.50$20.50Sep 18$0.02$0.05$0.07$20.43$22.57
$23.50$19.50Oct 2$0.03$0.05$0.08$19.42$23.58
$23.00$19.50Sep 25$0.03$0.06$0.09$19.41$23.09
$23.00$19.50Oct 2$0.04$0.05$0.09$19.41$23.09
$24.00$19.50Oct 2$0.04$0.05$0.09$19.41$24.09
$23.00$19.50Oct 9$0.06$0.04$0.10$19.40$23.10
$24.00$19.50Sep 25$0.05$0.06$0.11$19.39$24.11
$23.00$20.50Sep 25$0.03$0.08$0.11$20.39$23.11

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 0.85, avg credit $0.23)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
20/2122/22Oct 9$0.23$0.2734%0.85$20.77$22.23
20/2022/22Oct 9$0.22$0.7846%0.28$20.28$22.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 30 found (best R:R 3.17, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$20.50$21.00$21.50Sep 11$0.08$0.4248%5.25
$19.00$20.00$21.00Oct 16$0.09$0.9127%10.11
$21.50$22.00$22.50Sep 11$0.09$0.4147%4.56
$21.00$22.00$23.00Oct 16$0.30$0.7053%2.33
$21.50$22.00$22.50Sep 18$0.08$0.4243%5.25
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$20.00$21.00$22.00Oct 16$0.24$0.7650%3.17
$20.50$21.00$21.50Sep 11$0.09$0.4147%4.56
$19.00$20.00$21.00Oct 16$0.11$0.8927%8.09
$21.00$21.50$22.00Sep 18$0.13$0.3752%2.85
$20.50$21.00$21.50Sep 25$0.06$0.4433%7.33

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 $-0.06, 19 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$20.50$21.001:2Sep 11-$0.06$0.44
$19.00$20.001:2Sep 18-$0.61$0.39
$20.50$21.001:2Sep 18-$0.14$0.36
$21.00$21.501:2Oct 2-$0.11$0.39
$19.00$20.001:2Oct 16-$0.79$0.21
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$21.50$21.001:2Oct 9-$0.06$0.44
$22.00$21.501:2Oct 9-$0.18$0.32
$21.00$20.501:2Oct 2-$0.05$0.45
$20.00$19.001:2Sep 18$0.00$1.00
$19.50$18.001:2Oct 23-$0.06$1.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 9 found (best yield 1.72%, avg 0.80%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$22.00Oct 23$0.370.392.3%1.72%4.00%4--
$22.00Oct 16$0.300.382.3%1.39%3.67%10819.6K
$22.50Oct 23$0.160.254.6%0.74%5.35%1--
$22.00Oct 9$0.200.342.3%0.93%3.21%2.0K182
$23.00Oct 23$0.080.186.9%0.37%7.30%2--
$22.00Oct 2$0.180.332.3%0.84%3.11%1.0K1.1K
$23.00Oct 16$0.080.156.9%0.37%7.30%3725.8K
$22.00Sep 25$0.100.292.3%0.46%2.74%41964
$22.00Sep 18$0.080.232.3%0.37%2.65%43943.9K

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 11,216
Total Puts 3,457
Put/Call Ratio 0.31
Net Difference 7,759

Prior's Put/Call Breakdown

Total Calls 12,190
Total Puts 3,237
Put/Call Ratio 0.27
Net Difference 8,953

Prior 7-Day Put/Call Summary

Total Calls 136,667
Total Puts 24,277
Average Put/Call Ratio 0.25
Ratio Trend Rising

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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