ET - Options Database

ENERGY TRANSFER L P

$21.33 -0.44%

(8/19 14:00) ◀

Wednesday, August 19, 2026 (3:00pm)

▶ (8/19 16:00)

◀ 8/19 15:00 ▶

Option Volume

Detail

ℹ

Current (08/19 3:00pm) 33,435

Calls: 28,671 (86%)

Puts: 4,764 (14%)

Prior (08/04) 43,703

Calls: 38,984 (89%)

Puts: 4,719 (11%)

Current vs Prior -23.49%

Calls: -26.45% (Calls)

Puts: +0.95% (Puts)

Prior 7-Day Total 291,995

Calls: 258,792 (89%)

Puts: 33,203 (11%)

Prior 7-Day Average 41,713

Calls: 36,970 (89%)

Puts: 4,743 (11%)

Current vs Prior 7-Day Avg -19.85%

Calls: -22.45%

Puts: +0.44%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/19 3:00pm) $3.04M

Calls: $2.81M (92%)

Puts: $229.7K (8%)

Prior (08/04) $2.34M

Calls: $2.17M (93%)

Puts: $172.8K (7%)

Current vs Prior +29.83%

Calls: +29.59%

Puts: +32.88%

Prior 7-Day Total $20.68M

Calls: $19.43M (94%)

Puts: $1.24M (6%)

Prior 7-Day Average $2.95M

Calls: $2.78M (94%)

Puts: $177.8K (6%)

Current vs Prior 7-Day Avg +3.01%

Calls: +1.34%

Puts: +29.19%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/19 3:00pm) 0.17

Prior (08/04) 0.12

Current vs Prior +37.27%

Prior 7-Day Average 0.15

Current vs Prior 7-Day Avg +13.79%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/19 3:00pm) 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 6,732,079

Calls: 5,656,323 (84%)

Puts: 1,075,756 (16%)

Prior 7-Day Average 961,725

Calls: 808,046 (84%)

Puts: 153,679 (16%)

Current vs Prior 7-Day Avg +1.95%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 2.81% | 3.80%2.81% | 6.89%

Prior 4.82% | 4.62%5.07% | 8.36%

Current vs Prior -41.65% | -17.87%-44.48% | -17.58%

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

Current vs 7-Day Avg -40.83% | -22.26%-46.68% | -18.49%

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

Current vs 7-Day Eod -41.65% | -17.87%-5.86% | -1.59%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 46.30% | 41.66%

Calls: 18.92% | 33.33%

Puts: 73.68% | 50.00%

Prior 27.56% | 47.05%

Calls: 22.22% | 32.56%

Puts: 32.91% | 61.54%

Current vs Prior +68.00% | -11.46%

Prior 7-Day Avg 22.41% | 36.46%

Calls: 16.27% | 28.79%

Puts: 28.55% | 44.13%

Current vs 7-Day Avg +106.63% | +14.26%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 92% of dollar volume in calls ($2.81M) vs puts ($229.7K). Extreme bullish P/C ratio of 0.17 - heavy call buying (28,671 calls vs 4,764 puts). P/C ratio rising 37% - increased hedging/bearish positioning. Call-heavy open interest (817,709 calls vs 162,775 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

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
15:00	BULLISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH
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 3 of results (avg 8.3%, best 7.5%)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.00	Sep 18	3.20	3.45	$3.33	7.5%	10	0.97	82
$18.00	Aug 21	3.15	3.40	$3.28	7.6%	--	0.98	24
$20.00	Sep 18	1.37	1.51	$1.44	9.7%	65	0.87	1.2K

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 $0.46, cheapest $0.11)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Aug 21	0.33	0.40	$0.37	18.9%	1.8K	0.78	17.2K
$22.00	Sep 18	0.18	0.20	$0.19	10.5%	750	0.28	16.0K
$20.50	Aug 21	0.74	0.89	$0.82	18.3%	117	0.97	3.2K
$21.00	Sep 18	0.62	0.69	$0.66	10.6%	206	0.64	19.1K
$21.50	Oct 2	0.45	0.52	$0.49	14.3%	153	0.47	169

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Aug 28	0.10	0.12	$0.11	18.2%	66	0.31	292
$21.00	Sep 18	0.24	0.28	$0.26	15.4%	60	0.36	499
$22.00	Sep 18	0.76	0.86	$0.81	12.3%	23	0.72	766

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 38 found (avg delta 0.82, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.00	Aug 28	1.18	1.43	$1.31	19.1%	3	1.00	86
$20.50	Aug 28	0.73	0.97	$0.85	28.2%	50	1.00	3.8K
$18.00	Aug 21	3.15	3.40	$3.28	7.6%	--	0.98	24
$19.50	Aug 28	1.68	2.17	$1.92	25.5%	--	0.98	41
$20.00	Aug 21	1.19	1.37	$1.28	14.1%	29	0.98	1.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$25.00	Aug 21	3.40	3.90	$3.65	13.7%	2	1.00	--
$22.00	Aug 21	0.62	0.85	$0.74	31.1%	21	0.96	--
$23.00	Sep 11	1.18	1.91	$1.55	47.1%	1	0.91	--
$22.50	Sep 4	0.84	1.38	$1.11	48.6%	1	0.89	1
$24.50	Aug 21	2.88	3.35	$3.12	15.1%	2	0.88	2

Most actively traded options today. High liquidity = easy entry/exit. 86 active (total vol 10.0K, top 2.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Aug 21	0.33	0.40	$0.37	18.9%	1.8K	0.78	17.2K
$22.00	Aug 28	0.04	0.06	$0.05	40.0%	898	0.15	832
$22.00	Sep 18	0.18	0.20	$0.19	10.5%	750	0.28	16.0K
$22.00	Aug 21	0.00	0.01	$0.01	100.0%	375	0.04	3.6K
$21.50	Aug 21	0.05	0.08	$0.07	42.9%	358	0.31	2.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.00	Aug 28	0.00	0.04	$0.02	200.0%	2.3K	0.06	2.4K
$21.00	Aug 21	0.02	0.09	$0.06	116.7%	567	0.22	2.0K
$20.50	Sep 4	0.05	0.07	$0.06	33.3%	125	0.15	444
$21.00	Sep 4	0.15	0.24	$0.20	45.0%	112	0.35	16
$21.00	Aug 28	0.10	0.12	$0.11	18.2%	66	0.31	292

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 30.4%, max 50.6%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$21.00	Aug 21	Oct 2	27.2%	18.1%	50.6%	1.8K	17.2K
$21.50	Aug 21	Oct 2	20.8%	18.8%	10.2%	511	3.0K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$21.00	Aug 21	Oct 2	27.2%	18.1%	50.6%	569	2.1K
$21.50	Aug 21	Oct 2	20.8%	18.8%	10.2%	59	165

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 28 found (best R:R 1.94, avg 2.00)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$20.50	$21.00	Oct 2	$0.33	$0.17	$0.33	74%	0.52	$20.83
$21.00	$21.50	Sep 25	$0.26	$0.24	$0.26	62%	0.92	$21.26
$21.50	$22.00	Sep 11	$0.14	$0.36	$0.14	42%	2.57	$21.64
$21.50	$22.00	Sep 25	$0.18	$0.32	$0.18	46%	1.78	$21.68
$22.00	$22.50	Oct 2	$0.12	$0.38	$0.12	33%	3.17	$22.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$21.50	$21.00	Oct 2	$0.17	$0.33	$0.17	53%	1.94	$21.33
$21.50	$21.00	Sep 25	$0.20	$0.30	$0.20	54%	1.50	$21.30
$21.50	$21.00	Aug 21	$0.17	$0.33	$0.17	69%	1.94	$21.33
$21.50	$21.00	Sep 4	$0.21	$0.29	$0.21	60%	1.38	$21.29
$21.00	$20.50	Oct 2	$0.14	$0.36	$0.14	39%	2.57	$20.86

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 13 found (best R:R 0.20, avg 0.37)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$22.00	$23.00	Sep 18	$0.15	$0.15	$0.85	72%	0.18	$22.15
$21.50	$22.00	Oct 2	$0.21	$0.21	$0.29	53%	0.72	$21.71
$21.50	$22.00	Sep 4	$0.14	$0.14	$0.36	60%	0.39	$21.64
$22.00	$22.50	Sep 25	$0.12	$0.12	$0.38	69%	0.32	$22.12
$21.50	$22.00	Sep 25	$0.18	$0.18	$0.32	54%	0.56	$21.68

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$20.50	$19.50	Oct 2	$0.17	$0.17	$0.83	74%	0.20	$20.33
$21.00	$20.50	Sep 4	$0.14	$0.14	$0.36	65%	0.39	$20.86
$21.00	$20.50	Sep 25	$0.16	$0.16	$0.34	62%	0.47	$20.84
$21.00	$20.00	Sep 18	$0.18	$0.18	$0.82	64%	0.22	$20.82
$21.00	$20.50	Sep 11	$0.12	$0.12	$0.38	63%	0.32	$20.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.10, cheapest $0.07)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$21.50	Aug 21	Aug 28	$0.07	20.8%	18.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$21.50	Aug 21	Aug 28	$0.13	20.8%	18.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 31 found (cheapest 1.41% of stock, avg 5.01%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$21.50	Aug 21	$0.07	$0.23	$0.30	$21.20	$21.80	1.41%
$21.00	Aug 21	$0.37	$0.06	$0.43	$20.57	$21.43	2.02%
$21.50	Aug 28	$0.14	$0.36	$0.50	$21.00	$22.00	2.34%
$21.00	Aug 28	$0.45	$0.11	$0.56	$20.44	$21.56	2.63%
$21.50	Sep 4	$0.23	$0.41	$0.64	$20.86	$22.14	3.00%
$21.00	Sep 4	$0.51	$0.20	$0.71	$20.29	$21.71	3.33%
$21.50	Sep 11	$0.28	$0.46	$0.74	$20.76	$22.24	3.47%
$22.00	Aug 21	$0.01	$0.74	$0.75	$21.25	$22.75	3.52%
$21.00	Sep 11	$0.55	$0.22	$0.77	$20.23	$21.77	3.61%
$20.50	Aug 21	$0.82	$0.01	$0.83	$19.67	$21.33	3.89%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 116 found (cheapest 0.28% of stock, avg 1.27%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$23.00	$20.00	Sep 4	$0.03	$0.03	$0.06	$19.94	$23.06
$23.00	$19.50	Sep 4	$0.03	$0.04	$0.07	$19.43	$23.07
$22.00	$20.00	Aug 28	$0.05	$0.02	$0.07	$19.93	$22.07
$23.00	$19.00	Sep 18	$0.04	$0.04	$0.08	$18.92	$23.08
$23.00	$19.50	Sep 11	$0.05	$0.03	$0.08	$19.42	$23.08
$22.50	$20.00	Sep 4	$0.05	$0.03	$0.08	$19.92	$22.58
$22.00	$20.50	Aug 28	$0.05	$0.03	$0.08	$20.42	$22.08
$22.00	$19.50	Aug 28	$0.05	$0.03	$0.08	$19.42	$22.08
$25.00	$19.00	Sep 18	$0.05	$0.04	$0.09	$18.91	$25.09
$23.00	$20.00	Sep 11	$0.05	$0.04	$0.09	$19.91	$23.09

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 0.41, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
20/20	22/22	Oct 2	$0.29	$0.71	41%	0.41	$20.21	$22.29

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 43 found (best R:R 4.56, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$20.50	$21.00	$21.50	Aug 28	$0.09	$0.41	64%	4.56
$20.00	$21.00	$22.00	Sep 18	$0.31	$0.69	59%	2.23
$20.50	$21.00	$21.50	Aug 21	$0.15	$0.35	66%	2.33
$21.00	$22.00	$23.00	Sep 18	$0.32	$0.68	56%	2.12
$21.50	$22.00	$22.50	Aug 28	$0.05	$0.45	34%	9.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$20.50	$21.00	$21.50	Aug 21	$0.12	$0.38	66%	3.17
$20.50	$21.00	$21.50	Sep 4	$0.07	$0.43	45%	6.14
$19.00	$20.00	$21.00	Sep 18	$0.14	$0.86	31%	6.14
$20.00	$21.00	$22.00	Sep 18	$0.37	$0.63	59%	1.70
$20.00	$20.50	$21.00	Sep 11	$0.06	$0.44	29%	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. 52 found (best net $-0.52, 33 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$18.00	$19.50	1:2	Sep 25	-$0.52	$0.98
$19.00	$20.00	1:2	Aug 21	-$0.30	$0.70
$19.00	$20.00	1:2	Sep 18	-$0.45	$0.55
$20.50	$21.00	1:2	Aug 28	-$0.05	$0.45
$20.50	$21.00	1:2	Sep 4	-$0.10	$0.40

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$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	-$0.10	$0.40
$19.00	$18.00	1:2	Sep 11	$0.00	$1.00
$19.00	$18.00	1:2	Sep 18	$0.00	$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 2.11%, avg 0.86%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$21.50	Oct 2	$0.45	0.47	0.8%	2.11%	2.91%	153	169
$22.00	Oct 2	$0.24	0.33	3.1%	1.13%	4.27%	12	87
$21.50	Sep 25	$0.37	0.46	0.8%	1.73%	2.53%	1	1.4K
$22.00	Sep 25	$0.21	0.31	3.1%	0.98%	4.13%	64	286
$22.50	Oct 2	$0.13	0.21	5.5%	0.61%	6.09%	6	1
$22.00	Sep 18	$0.18	0.28	3.1%	0.84%	3.98%	750	16.0K
$23.00	Oct 2	$0.06	0.15	7.8%	0.28%	8.11%	25	25
$22.50	Sep 25	$0.08	0.19	5.5%	0.38%	5.86%	34	171
$21.50	Sep 11	$0.22	0.42	0.8%	1.03%	1.83%	9	909
$21.50	Sep 4	$0.19	0.41	0.8%	0.89%	1.69%	75	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 28,671

Total Puts 4,764

Put/Call Ratio 0.17

Net Difference 23,907

Prior's Put/Call Breakdown

Total Calls 38,984

Total Puts 4,719

Put/Call Ratio 0.12

Net Difference 34,265

Prior 7-Day Put/Call Summary

Total Calls 258,792

Total Puts 33,203

Average Put/Call Ratio 0.15

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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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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