ET - Options Database

ENERGY TRANSFER L P

$21.45 +0.66%

(8/31 12:00) ◀

Monday, August 31, 2026 (1:00pm)

▶ (8/31 14:00)

◀ 8/31 13:00 ▶

Option Volume

Detail

ℹ

Current (08/31 1:00pm) 13,012

Calls: 10,640 (82%)

Puts: 2,372 (18%)

Prior (08/19) 30,631

Calls: 26,369 (86%)

Puts: 4,262 (14%)

Current vs Prior -57.52%

Calls: -59.65% (Calls)

Puts: -44.35% (Puts)

Prior 7-Day Total 242,008

Calls: 209,825 (87%)

Puts: 32,183 (13%)

Prior 7-Day Average 34,572

Calls: 29,975 (87%)

Puts: 4,597 (13%)

Current vs Prior 7-Day Avg -62.36%

Calls: -64.50%

Puts: -48.41%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/31 1:00pm) $953.5K

Calls: $890.3K (93%)

Puts: $63.2K (7%)

Prior (08/19) $2.64M

Calls: $2.46M (93%)

Puts: $174.6K (7%)

Current vs Prior -63.82%

Calls: -63.82%

Puts: -63.79%

Prior 7-Day Total $15.37M

Calls: $14.28M (93%)

Puts: $1.09M (7%)

Prior 7-Day Average $2.20M

Calls: $2.04M (93%)

Puts: $155.3K (7%)

Current vs Prior 7-Day Avg -56.56%

Calls: -56.35%

Puts: -59.29%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/31 1:00pm) 0.22

Prior (08/19) 0.16

Current vs Prior +37.93%

Prior 7-Day Average 0.21

Current vs Prior 7-Day Avg +7.27%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/31 1:00pm) 963,500

Calls: 814,163 (85%)

Puts: 149,337 (15%)

Prior (08/19) 980,484

Calls: 817,709 (83%)

Puts: 162,775 (17%)

Current vs Prior -1.73%

Prior 7-Day Total 6,681,127

Calls: 5,645,685 (85%)

Puts: 1,035,442 (15%)

Prior 7-Day Average 954,446

Calls: 806,526 (85%)

Puts: 147,920 (15%)

Current vs Prior 7-Day Avg +0.95%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)

Current 3.26% | 3.87%4.52% | 7.93%

Prior 3.16% | 3.54%3.16% | 6.99%

Current vs Prior +3.16% | +9.27%+42.95% | +13.42%

Prior 7-Day Avg 4.36% | 4.55%4.57% | 7.97%

Current vs 7-Day Avg -25.08% | -14.94%-1.08% | -0.51%

Prior 7-Day Eod 3.16% | 3.54%4.60% | 7.84%

Current vs 7-Day Eod +3.16% | +9.27%-1.67% | +1.13%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 29.45% | 35.52%

Calls: 27.08% | 21.05%

Puts: 31.82% | 50.00%

Prior 45.23% | 53.72%

Calls: 57.14% | 32.43%

Puts: 33.33% | 75.00%

Current vs Prior -34.89% | -33.88%

Prior 7-Day Avg 28.11% | 40.77%

Calls: 26.49% | 29.70%

Puts: 29.74% | 51.84%

Current vs 7-Day Avg +4.76% | -12.89%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 93% of dollar volume in calls ($890.3K) vs puts ($63.2K). Light premium activity with dollar volume down 64% vs prior. Below-average activity with volume down 58% vs prior. Extreme bullish P/C ratio of 0.22 - heavy call buying (10,640 calls vs 2,372 puts).

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
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 2 of results (avg 8.8%, best 8.7%)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.00	Sep 25	3.30	3.60	$3.45	8.7%	--	0.96	15
$19.00	Sep 18	2.35	2.57	$2.46	8.9%	--	0.97	45

PUTS (0)

No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 7 found (avg $0.67, cheapest $0.35)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.50	Sep 18	0.32	0.37	$0.35	14.3%	560	0.50	700
$21.00	Sep 18	0.60	0.68	$0.64	12.5%	100	0.71	18.9K
$21.00	Sep 25	0.65	0.75	$0.70	14.3%	5	0.70	358
$20.50	Sep 4	0.89	1.07	$0.98	18.4%	57	0.95	2.0K
$21.00	Oct 9	0.79	0.96	$0.88	19.3%	1	0.66	--

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$22.00	Sep 18	0.62	0.69	$0.66	10.6%	118	0.75	765
$21.50	Oct 2	0.42	0.50	$0.46	17.4%	34	0.51	28

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 33 found (avg delta 0.78, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.00	Sep 18	3.25	3.80	$3.53	15.6%	--	0.99	79
$19.00	Sep 18	2.35	2.57	$2.46	8.9%	--	0.97	45
$18.00	Sep 25	3.30	3.60	$3.45	8.7%	--	0.96	15
$20.50	Sep 4	0.89	1.07	$0.98	18.4%	57	0.95	2.0K
$20.00	Sep 4	1.32	1.65	$1.49	22.1%	1	0.95	49

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$23.00	Sep 11	1.38	1.91	$1.65	32.1%	20	1.00	1
$22.50	Sep 4	0.80	1.42	$1.11	55.9%	20	0.97	--
$22.00	Sep 4	0.54	0.67	$0.61	21.3%	13	0.89	2
$22.00	Sep 11	0.52	0.68	$0.60	26.7%	13	0.83	4
$22.00	Sep 18	0.62	0.69	$0.66	10.6%	118	0.75	765

Most actively traded options today. High liquidity = easy entry/exit. 60 active (total vol 4.6K, top 560)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.50	Sep 18	0.32	0.37	$0.35	14.3%	560	0.50	700
$21.00	Sep 4	0.41	0.54	$0.48	27.1%	509	0.88	23.7K
$22.00	Sep 18	0.09	0.16	$0.13	53.8%	505	0.26	21.8K
$21.50	Sep 4	0.12	0.16	$0.14	28.6%	349	0.43	9.9K
$22.50	Oct 9	0.16	0.22	$0.19	31.6%	161	0.24	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Sep 4	0.02	0.04	$0.03	66.7%	404	0.14	3.7K
$21.50	Sep 4	0.18	0.25	$0.22	31.8%	342	0.57	454
$21.00	Sep 11	0.08	0.12	$0.10	40.0%	203	0.24	303
$21.50	Sep 11	0.19	0.32	$0.26	50.0%	200	0.51	144
$21.00	Sep 18	0.14	0.19	$0.17	29.4%	172	0.29	1.0K

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 7.4%, max 7.4%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$21.50	Sep 4	Oct 9	19.6%	18.3%	7.4%	419	9.9K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$21.50	Sep 4	Oct 9	19.6%	18.3%	7.4%	342	900

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 24 found (best R:R 1.27, avg 1.96)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$21.00	$21.50	Sep 11	$0.30	$0.20	$0.30	76%	0.67	$21.30
$21.00	$21.50	Sep 18	$0.29	$0.21	$0.29	71%	0.72	$21.29
$21.00	$21.50	Sep 25	$0.29	$0.21	$0.29	70%	0.72	$21.29
$21.00	$21.50	Oct 2	$0.28	$0.22	$0.28	67%	0.79	$21.28
$22.00	$22.50	Oct 9	$0.13	$0.37	$0.13	36%	2.85	$22.13

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$22.00	$21.50	Oct 9	$0.22	$0.28	$0.22	64%	1.27	$21.78
$21.50	$21.00	Sep 25	$0.15	$0.35	$0.15	50%	2.33	$21.35
$21.50	$21.00	Sep 18	$0.16	$0.34	$0.16	51%	2.12	$21.34
$22.00	$21.50	Sep 18	$0.33	$0.17	$0.33	75%	0.52	$21.67
$21.50	$21.00	Sep 11	$0.16	$0.34	$0.16	51%	2.12	$21.34

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 11 found (best R:R 0.67, avg 0.51)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$21.50	$22.00	Sep 11	$0.20	$0.20	$0.30	50%	0.67	$21.70
$21.50	$22.00	Sep 18	$0.22	$0.22	$0.28	50%	0.79	$21.72
$21.50	$22.00	Oct 9	$0.24	$0.24	$0.26	51%	0.92	$21.74
$21.50	$22.00	Oct 2	$0.23	$0.23	$0.27	50%	0.85	$21.73
$22.00	$22.50	Oct 2	$0.14	$0.14	$0.36	66%	0.39	$22.14

BULL PUT (2)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$21.00	$20.50	Sep 25	$0.11	$0.11	$0.39	69%	0.28	$20.89
$20.50	$19.50	Oct 9	$0.11	$0.11	$0.89	77%	0.12	$20.39

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 1 found (avg debit $0.13, cheapest $0.13)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$21.50	Sep 4	Sep 11	$0.13	19.6%	16.5%

PUTS (0)

No puts found

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 28 found (cheapest 1.68% of stock, avg 4.91%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$21.50	Sep 4	$0.14	$0.22	$0.36	$21.14	$21.86	1.68%
$21.00	Sep 4	$0.48	$0.03	$0.51	$20.49	$21.51	2.38%
$21.50	Sep 11	$0.27	$0.26	$0.53	$20.97	$22.03	2.47%
$22.00	Sep 4	$0.03	$0.61	$0.64	$21.36	$22.64	2.98%
$21.00	Sep 11	$0.57	$0.10	$0.67	$20.33	$21.67	3.12%
$22.00	Sep 11	$0.07	$0.60	$0.67	$21.33	$22.67	3.12%
$21.50	Sep 18	$0.35	$0.33	$0.68	$20.82	$22.18	3.17%
$21.50	Sep 25	$0.41	$0.36	$0.77	$20.73	$22.27	3.59%
$22.00	Sep 18	$0.13	$0.66	$0.79	$21.21	$22.79	3.68%
$21.00	Sep 18	$0.64	$0.17	$0.81	$20.19	$21.81	3.78%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 101 found (cheapest 0.23% of stock, avg 1.17%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$22.00	$20.50	Sep 4	$0.03	$0.02	$0.05	$20.45	$22.05
$22.00	$21.00	Sep 4	$0.03	$0.03	$0.06	$20.94	$22.06
$22.00	$20.00	Sep 4	$0.03	$0.03	$0.06	$19.94	$22.06
$22.00	$19.50	Sep 4	$0.03	$0.03	$0.06	$19.44	$22.06
$22.50	$20.00	Sep 11	$0.02	$0.05	$0.07	$19.93	$22.57
$23.50	$19.50	Oct 2	$0.04	$0.04	$0.08	$19.42	$23.58
$25.00	$19.50	Sep 18	$0.04	$0.04	$0.08	$19.42	$25.08
$25.00	$20.00	Sep 18	$0.04	$0.04	$0.08	$19.92	$25.08
$22.50	$20.50	Sep 11	$0.02	$0.06	$0.08	$20.42	$22.58
$22.50	$20.00	Sep 18	$0.05	$0.04	$0.09	$19.91	$22.59

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 0.79, avg credit $0.22)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
20/21	22/22	Sep 25	$0.22	$0.28	38%	0.79	$20.78	$22.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 38 found (best R:R 4.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$21.00	$21.50	$22.00	Sep 11	$0.10	$0.40	56%	4.00
$21.00	$21.50	$22.00	Sep 18	$0.07	$0.43	45%	6.14
$21.00	$21.50	$22.00	Sep 4	$0.23	$0.27	77%	1.17
$21.00	$21.50	$22.00	Oct 2	$0.05	$0.45	34%	9.00
$21.50	$22.00	$22.50	Sep 4	$0.09	$0.41	41%	4.56

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$21.00	$21.50	$22.00	Sep 4	$0.20	$0.30	74%	1.50
$21.00	$21.50	$22.00	Sep 11	$0.18	$0.32	59%	1.78
$21.50	$22.00	$22.50	Sep 4	$0.11	$0.39	40%	3.55
$20.50	$21.00	$21.50	Sep 18	$0.09	$0.41	34%	4.56
$19.50	$20.50	$21.50	Oct 9	$0.26	$0.74	42%	2.85

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 40 found (best net $-0.11, 29 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$19.00	$20.00	1:2	Sep 18	-$0.64	$0.36
$20.50	$21.00	1:2	Sep 11	-$0.16	$0.34
$21.00	$21.50	1:2	Sep 18	-$0.06	$0.44
$21.00	$21.50	1:2	Sep 25	-$0.12	$0.38
$20.50	$21.00	1:2	Sep 18	-$0.28	$0.22

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$22.50	$22.00	1:2	Sep 4	-$0.11	$0.39
$21.50	$21.00	1:2	Sep 25	-$0.06	$0.44
$21.00	$20.50	1:2	Oct 2	-$0.07	$0.43
$19.00	$18.00	1:2	Sep 18	$0.00	$1.00
$19.00	$18.50	1:2	Sep 4	-$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 2.28%, avg 1.05%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$21.50	Oct 9	$0.49	0.49	0.2%	2.28%	2.52%	70	1
$22.00	Oct 9	$0.29	0.35	2.6%	1.35%	3.92%	5	1
$21.50	Oct 2	$0.42	0.50	0.2%	1.96%	2.19%	2	1.2K
$22.50	Oct 9	$0.16	0.24	4.9%	0.75%	5.64%	161	1
$21.50	Sep 25	$0.36	0.51	0.2%	1.68%	1.91%	13	1.6K
$22.00	Oct 2	$0.16	0.34	2.6%	0.75%	3.31%	10	241
$22.00	Sep 25	$0.17	0.32	2.6%	0.79%	3.36%	60	515
$21.50	Sep 18	$0.32	0.50	0.2%	1.49%	1.72%	560	700
$23.00	Oct 9	$0.07	0.16	7.2%	0.33%	7.55%	1	--
$22.50	Sep 25	$0.07	0.17	4.9%	0.33%	5.22%	36	250

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 10,640

Total Puts 2,372

Put/Call Ratio 0.22

Net Difference 8,268

Prior's Put/Call Breakdown

Total Calls 26,369

Total Puts 4,262

Put/Call Ratio 0.16

Net Difference 22,107

Prior 7-Day Put/Call Summary

Total Calls 209,825

Total Puts 32,183

Average Put/Call Ratio 0.21

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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