ET - Options Database

ENERGY TRANSFER L P

$21.27 -0.72%

(8/19 11:00) ◀

Wednesday, August 19, 2026 (12:00pm)

▶ (8/19 13:00)

◀ 8/19 12:00 ▶

Option Volume

Detail

ℹ

Current (08/19 12:00pm) 26,364

Calls: 24,955 (95%)

Puts: 1,409 (5%)

Prior (08/04) 26,421

Calls: 23,433 (89%)

Puts: 2,988 (11%)

Current vs Prior -0.22%

Calls: +6.50% (Calls)

Puts: -52.84% (Puts)

Prior 7-Day Total 217,556

Calls: 194,307 (89%)

Puts: 23,249 (11%)

Prior 7-Day Average 43,511

Calls: 27,758 (89%)

Puts: 3,321 (11%)

Current vs Prior 7-Day Avg -39.41%

Calls: -10.10%

Puts: -57.58%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/19 12:00pm) $2.48M

Calls: $2.41M (97%)

Puts: $71.5K (3%)

Prior (08/04) $1.62M

Calls: $1.48M (91%)

Puts: $141.7K (9%)

Current vs Prior +53.40%

Calls: +63.28%

Puts: -49.53%

Prior 7-Day Total $14.58M

Calls: $13.81M (95%)

Puts: $778.4K (5%)

Prior 7-Day Average $2.92M

Calls: $1.97M (95%)

Puts: $111.2K (5%)

Current vs Prior 7-Day Avg -14.94%

Calls: +22.17%

Puts: -35.70%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/19 12:00pm) 0.06

Prior (08/04) 0.13

Current vs Prior -55.72%

Prior 7-Day Average 0.13

Current vs Prior 7-Day Avg -56.90%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/19 12:00pm) 980,484

Calls: 817,709 (83%)

Puts: 162,775 (17%)

Prior (08/04) 935,486

Calls: 784,233 (84%)

Puts: 151,253 (16%)

Current vs Prior +4.81%

Prior 7-Day Total 4,771,111

Calls: 4,020,905 (84%)

Puts: 750,206 (16%)

Prior 7-Day Average 954,222

Calls: 804,181 (84%)

Puts: 150,041 (16%)

Current vs Prior 7-Day Avg +2.75%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)

Current 2.73% | 3.67%2.73% | 7.15%

Prior 4.82% | 4.62%5.07% | 8.36%

Current vs Prior -43.43% | -20.69%-46.18% | -14.54%

Prior 7-Day Avg 4.75% | 4.89%5.28% | 8.45%

Current vs 7-Day Avg -42.64% | -24.93%-48.31% | -15.48%

Prior 7-Day Eod 4.82% | 4.62%2.99% | 7.00%

Current vs 7-Day Eod -43.43% | -20.69%-8.74% | +2.05%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 50.90% | 28.18%

Calls: 23.53% | 20.00%

Puts: 78.26% | 36.36%

Prior 27.56% | 47.05%

Calls: 22.22% | 32.56%

Puts: 32.91% | 61.54%

Current vs Prior +84.69% | -40.11%

Prior 7-Day Avg 22.41% | 36.46%

Calls: 16.27% | 28.79%

Puts: 28.55% | 44.13%

Current vs 7-Day Avg +127.16% | -22.71%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 97% of dollar volume in calls ($2.41M) vs puts ($71.5K). Elevated premium activity with dollar volume up 53% vs prior. Extreme bullish P/C ratio of 0.06 - heavy call buying (24,955 calls vs 1,409 puts). P/C ratio dropping 56% - sentiment shifting bullish.

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

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 6 of results (avg 6.9%, best 3.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.00	Sep 18	3.30	3.40	$3.35	3.0%	10	0.93	82
$18.00	Aug 21	3.20	3.40	$3.30	6.1%	--	0.99	24
$19.00	Aug 21	2.23	2.37	$2.30	6.1%	2	0.97	52
$20.00	Aug 21	1.25	1.35	$1.30	7.7%	23	0.98	1.4K
$20.00	Sep 18	1.39	1.52	$1.46	8.9%	47	0.88	1.2K

PUTS (0)

No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 14 found (avg $0.52, cheapest $0.16)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.50	Aug 28	0.15	0.17	$0.16	12.5%	192	0.38	2.1K
$21.50	Sep 4	0.21	0.25	$0.23	17.4%	15	0.40	6.8K
$21.00	Aug 28	0.40	0.49	$0.45	20.0%	171	0.70	2.3K
$21.00	Sep 4	0.48	0.53	$0.51	9.8%	65	0.65	23.4K
$20.50	Aug 21	0.74	0.90	$0.82	19.5%	111	0.97	3.2K

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.50	Sep 4	0.38	0.45	$0.42	16.7%	14	0.60	4
$21.00	Sep 18	0.26	0.30	$0.28	14.3%	46	0.38	499
$21.50	Oct 2	0.53	0.64	$0.59	18.6%	1	0.54	20
$22.00	Sep 18	0.80	0.93	$0.87	14.9%	13	0.74	766

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 32 found (avg delta 0.80, highest 0.99)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.00	Aug 21	3.20	3.40	$3.30	6.1%	--	0.99	24
$20.00	Aug 21	1.25	1.35	$1.30	7.7%	23	0.98	1.4K
$19.00	Aug 21	2.23	2.37	$2.30	6.1%	2	0.97	52
$20.50	Aug 21	0.74	0.90	$0.82	19.5%	111	0.97	3.2K
$19.50	Aug 28	1.70	2.18	$1.94	24.7%	--	0.95	41

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.50	Aug 21	0.15	0.33	$0.24	75.0%	55	0.77	145
$22.00	Sep 18	0.80	0.93	$0.87	14.9%	13	0.74	766
$21.50	Aug 28	0.27	0.39	$0.33	36.4%	38	0.63	136
$21.50	Sep 4	0.38	0.45	$0.42	16.7%	14	0.60	4
$21.50	Sep 11	0.39	0.50	$0.45	24.4%	5	0.58	21

Most actively traded options today. High liquidity = easy entry/exit. 66 active (total vol 6.4K, top 1.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Aug 21	0.30	0.38	$0.34	23.5%	1.7K	0.81	17.2K
$22.00	Sep 18	0.15	0.20	$0.18	27.8%	660	0.27	16.0K
$22.00	Aug 28	0.03	0.09	$0.06	100.0%	642	0.17	832
$22.00	Aug 21	0.00	0.01	$0.01	100.0%	355	0.04	3.6K
$21.50	Aug 21	0.04	0.08	$0.06	66.7%	298	0.29	2.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Aug 21	0.02	0.06	$0.04	100.0%	501	0.20	2.0K
$21.00	Sep 4	0.17	0.22	$0.20	25.0%	112	0.35	16
$20.50	Sep 4	0.07	0.11	$0.09	44.4%	103	0.18	444
$21.50	Aug 21	0.15	0.33	$0.24	75.0%	55	0.77	145
$21.00	Sep 18	0.26	0.30	$0.28	14.3%	46	0.38	499

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 16.7%, max 32.0%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$21.00	Aug 21	Oct 2	22.5%	17.0%	32.0%	1.7K	17.2K
$21.50	Aug 21	Oct 2	20.1%	19.8%	1.4%	411	3.0K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$21.00	Aug 21	Oct 2	22.5%	17.0%	32.0%	503	2.1K
$21.50	Aug 21	Oct 2	20.1%	19.8%	1.4%	56	165

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 27 found (best R:R 10.54, avg 2.33)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$21.00	$21.50	Sep 25	$0.24	$0.26	$0.24	63%	1.08	$21.24
$21.00	$21.50	Aug 21	$0.28	$0.22	$0.28	81%	0.79	$21.28
$21.50	$22.00	Sep 11	$0.14	$0.36	$0.14	42%	2.57	$21.64
$21.50	$22.00	Aug 28	$0.10	$0.40	$0.10	38%	4.00	$21.60
$21.00	$21.50	Aug 28	$0.29	$0.21	$0.29	70%	0.72	$21.29

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$20.50	$19.00	Oct 2	$0.13	$1.37	$0.13	27%	10.54	$20.37
$21.50	$21.00	Sep 25	$0.19	$0.31	$0.19	54%	1.63	$21.31
$21.00	$20.50	Oct 2	$0.12	$0.38	$0.12	39%	3.17	$20.88
$21.50	$21.00	Aug 21	$0.20	$0.30	$0.20	77%	1.50	$21.30
$21.50	$21.00	Sep 4	$0.22	$0.28	$0.22	60%	1.27	$21.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 13 found (best R:R 0.16, avg 0.36)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$22.00	$23.00	Sep 18	$0.14	$0.14	$0.86	73%	0.16	$22.14
$21.50	$22.00	Sep 25	$0.21	$0.21	$0.29	53%	0.72	$21.71
$21.50	$22.00	Oct 2	$0.21	$0.21	$0.29	53%	0.72	$21.71
$22.50	$23.00	Oct 2	$0.10	$0.10	$0.40	75%	0.25	$22.60
$21.50	$22.00	Sep 4	$0.14	$0.14	$0.36	60%	0.39	$21.64

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$21.00	$20.50	Sep 25	$0.17	$0.17	$0.33	62%	0.52	$20.83
$21.00	$20.00	Sep 18	$0.20	$0.20	$0.80	62%	0.25	$20.80
$21.00	$20.50	Sep 11	$0.13	$0.13	$0.37	64%	0.35	$20.87
$21.00	$20.50	Sep 4	$0.11	$0.11	$0.39	64%	0.28	$20.89
$21.00	$20.50	Oct 2	$0.12	$0.12	$0.38	61%	0.32	$20.88

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 27 found (cheapest 1.41% of stock, avg 5.02%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$21.50	Aug 21	$0.06	$0.24	$0.30	$21.20	$21.80	1.41%
$21.00	Aug 21	$0.34	$0.04	$0.38	$20.62	$21.38	1.79%
$21.50	Aug 28	$0.16	$0.33	$0.49	$21.01	$21.99	2.30%
$21.00	Aug 28	$0.45	$0.12	$0.57	$20.43	$21.57	2.68%
$21.50	Sep 4	$0.23	$0.42	$0.65	$20.85	$22.15	3.06%
$21.00	Sep 4	$0.51	$0.20	$0.71	$20.29	$21.71	3.34%
$21.50	Sep 11	$0.28	$0.45	$0.73	$20.77	$22.23	3.43%
$21.00	Sep 11	$0.58	$0.23	$0.81	$20.19	$21.81	3.81%
$20.50	Aug 21	$0.82	$0.01	$0.83	$19.67	$21.33	3.90%
$20.50	Aug 28	$0.86	$0.03	$0.89	$19.61	$21.39	4.18%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 121 found (cheapest 0.28% of stock, avg 1.34%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$23.00	$20.00	Aug 28	$0.03	$0.03	$0.06	$19.94	$23.06
$23.00	$19.50	Aug 28	$0.03	$0.03	$0.06	$19.44	$23.06
$23.00	$20.00	Sep 4	$0.03	$0.03	$0.06	$19.94	$23.06
$23.00	$20.50	Aug 28	$0.03	$0.03	$0.06	$20.44	$23.06
$24.00	$19.50	Aug 21	$0.05	$0.03	$0.08	$19.42	$24.08
$23.00	$19.00	Sep 18	$0.04	$0.04	$0.08	$18.92	$23.08
$22.50	$20.00	Sep 4	$0.05	$0.03	$0.08	$19.92	$22.58
$25.00	$19.00	Sep 18	$0.05	$0.04	$0.09	$18.91	$25.09
$22.00	$20.50	Aug 28	$0.06	$0.03	$0.09	$20.41	$22.09
$22.00	$20.00	Aug 28	$0.06	$0.03	$0.09	$19.91	$22.09

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 0.18, avg credit $0.23)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
19/20	22/23	Oct 2	$0.23	$1.27	49%	0.18	$20.27	$22.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 39 found (best R:R 1.94, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$20.00	$21.00	$22.00	Sep 18	$0.34	$0.66	60%	1.94
$21.00	$21.50	$22.00	Aug 21	$0.23	$0.27	77%	1.17
$21.50	$22.00	$22.50	Aug 28	$0.05	$0.45	36%	9.00
$20.50	$21.00	$21.50	Aug 28	$0.12	$0.38	53%	3.17
$20.50	$21.00	$21.50	Aug 21	$0.20	$0.30	68%	1.50

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$20.50	$21.00	$21.50	Aug 21	$0.17	$0.33	74%	1.94
$20.50	$21.00	$21.50	Aug 28	$0.12	$0.38	54%	3.17
$20.00	$21.00	$22.00	Sep 18	$0.39	$0.61	61%	1.56
$20.00	$20.50	$21.00	Sep 4	$0.05	$0.45	28%	9.00
$19.00	$20.00	$21.00	Sep 18	$0.16	$0.84	32%	5.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 47 found (best net $-0.48, 34 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$18.00	$19.50	1:2	Sep 25	-$0.48	$1.02
$19.00	$20.00	1:2	Aug 21	-$0.30	$0.70
$19.00	$20.00	1:2	Sep 18	-$0.44	$0.56
$20.50	$21.00	1:2	Sep 4	-$0.07	$0.43
$20.50	$21.00	1:2	Sep 11	-$0.13	$0.37

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$21.50	$21.00	1:2	Oct 2	-$0.13	$0.37
$21.50	$21.00	1:2	Sep 25	-$0.13	$0.37
$20.00	$19.00	1:2	Sep 18	$0.00	$1.00
$21.00	$20.50	1:2	Oct 2	-$0.12	$0.38
$20.50	$20.00	1:2	Sep 25	-$0.05	$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 2.16%, avg 0.92%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$21.50	Oct 2	$0.46	0.47	1.1%	2.16%	3.24%	113	169
$22.00	Oct 2	$0.27	0.33	3.4%	1.27%	4.70%	12	87
$21.50	Sep 25	$0.39	0.47	1.1%	1.83%	2.91%	--	1.4K
$22.50	Oct 2	$0.15	0.25	5.8%	0.71%	6.49%	6	1
$22.00	Sep 25	$0.21	0.31	3.4%	0.99%	4.42%	23	286
$22.50	Sep 25	$0.10	0.21	5.8%	0.47%	6.25%	14	171
$22.00	Sep 18	$0.15	0.27	3.4%	0.71%	4.14%	660	16.0K
$23.00	Oct 2	$0.06	0.15	8.1%	0.28%	8.42%	25	25
$21.50	Sep 11	$0.22	0.42	1.1%	1.03%	2.12%	8	909
$21.50	Sep 4	$0.21	0.40	1.1%	0.99%	2.07%	15	6.8K

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 24,955

Total Puts 1,409

Put/Call Ratio 0.06

Net Difference 23,546

Prior's Put/Call Breakdown

Total Calls 23,433

Total Puts 2,988

Put/Call Ratio 0.13

Net Difference 20,445

Prior 7-Day Put/Call Summary

Total Calls 194,307

Total Puts 23,249

Average Put/Call Ratio 0.13

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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