Energy Transfer LP (ET)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 06:36 UTC · Figures derived from the full chain (650 contracts, 15 expirations) · IV own-history percentile appears after 60 recorded days (29 so far)
Expected move · Nov 20, 2026 (31 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±5.1% (range 19.05–21.11) by Nov 20, 2026. ATM straddle: 1.03 @ strike 20 · ATM IV: 20.3%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 18.07 | -10% | 96.0% | 4.0% |
| 19.07 | -5% | 80.0% | 20.0% |
| 20.08 | +0% | 48.8% | 51.2% |
| 21.08 | +5% | 19.7% | 80.3% |
| 22.09 | +10% | 5.0% | 95.0% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 3 | ±2.0% | 23.3% | 13.3K |
| Oct 30, 2026 | 10 | ±2.6% | 21.7% | 12.0K |
| Nov 06, 2026 | 17 | ±5.0% | 23.6% | 5,386 |
| Nov 13, 2026 | 24 | ±5.3% | 22.9% | 1,921 |
| Nov 20, 2026 | 31 | ±5.1% | 20.3% | 61.3K |
| Nov 27, 2026 | 38 | ±5.8% | 21.2% | 770 |
| Dec 18, 2026 | 59 | ±7.2% | 22.0% | 62.8K |
| Jan 15, 2027 | 87 | ±8.0% | 20.3% | 421.9K |
| Mar 19, 2027 | 150 | ±10.2% | 19.6% | 27.1K |
| Apr 16, 2027 | 178 | ±11.1% | 19.8% | 4,746 |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 21 C · 56.1K22 C · 26.5K25 C · 14.4K20 C · 13.5K20.5 C · 7,846
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 121 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 51.2% of the time.
Past earnings reactions
Avg |reaction| 2.1% · median 1.8% (20 reports). Two-session close-to-close window; definition
About Energy Transfer LP
Energy Transfer LP functions as a comprehensive provider of energy infrastructure and associated services. The company operates extensive natural gas networks, including approximately 11,600 miles of intrastate transportation pipelines and an additional 19,830 miles dedicated to interstate transport. Its natural gas storage capabilities encompass three facilities in Texas and another two spanning Texas and Oklahoma. Energy Transfer supplies natural gas to a diverse range of customers, such as electric utilities, independent power producers, local distribution companies, other marketing firms, and various industrial end-users. Beyond transportation, the firm manages substantial infrastructure for gathering, processing, treating, and conditioning natural gas and natural gas liquids (NGLs) across a broad geographic area that includes Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana. This infrastructure also covers natural gas gathering systems in Ohio, and integrated natural gas gathering, oil pipeline, and oil stabilization facilities situated in South Texas. Additionally, the company provides water transport and supply services to natur
Energy · Oil & Gas Midstream · NYSE · Profile: Financial Modeling Prep
ET news
All news →Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks
Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks
Reuters · Oct 19, 20:58 UTC ↗Related securities · Energy
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