ET251017P00017000 Option on Energy Transfer LP

ET Stock  USD 17.47  0.07  0.40%   
ET251017P00017000 is a PUT option contract on Energy Transfer's common stock with a strick price of 17.0 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 89 days remaining before the expiration. The option is currently trading at a bid price of $0.54, and an ask price of $0.59. The implied volatility as of the 20th of July is 89.0.
When exercised, put options on Energy Transfer produce a short position in Energy Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Energy Transfer's downside price movement.

Rule 16 of 2025-10-17 Option Contract

The options market is anticipating that Energy Transfer LP will have an average daily up or down price movement of about 0.0136% per day over the life of the option. With Energy Transfer trading at USD 17.47, that is roughly USD 0.002369. If you think that the market is fully understating Energy Transfer's daily price movement you should consider buying Energy Transfer LP options at that current volatility level of 0.22%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Energy Transfer

An 'Out of The Money' option on Energy has a strike price that Energy Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Energy Transfer's 'Out of The Money' options include buying the options if you expect a big move in Energy Transfer's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Put Contract NameET251017P00017000
Expires On2025-10-17
Days Before Expriration89
Vega0.033009
Gamma0.202202
Theoretical Value0.57
Open Interest3570
Current Trading Volume10.0
Strike Price17.0
Last Traded At0.57
Current Price Spread0.54 | 0.59
Rule 16 Daily Up or DownUSD 0.002369

Energy short PUT Option Greeks

Energy Transfer's Option Greeks for the contract ending on 2025-10-17 at a strike price of 17.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Energy Transfer's option greeks, its implied volatility helps estimate the risk of Energy Transfer stock implied by the prices of the options on Energy Transfer's stock.
Delta-0.396983
Gamma0.202202
Theta-0.004444
Vega0.033009
Rho-0.018504

Energy long PUT Option Payoff at expiration

Put options written on Energy Transfer grant holders of the option the right to sell a specified amount of Energy Transfer at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Energy Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Energy Transfer is like buying insurance aginst Energy Transfer's downside shift.
   Profit   
       Energy Transfer Price At Expiration  

Energy short PUT Option Payoff at expiration

By selling Energy Transfer's put option, the investors signal their bearish sentiment. A short position in a put option written on Energy Transfer will generally make money when the underlying price is above the strike price. Therefore Energy Transfer's put payoff at expiration depends on where the Energy Stock price is relative to the put option strike price. The breakeven price of 16.43 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Energy Transfer's price. Finally, at the strike price of 17.0, the payoff chart is constant and positive.
   Profit   
       Energy Transfer Price At Expiration  
View All Energy Transfer Options

Energy Transfer LP Available Put Options

Energy Transfer's option chain is a display of a range of information that helps investors for ways to trade options on Energy. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Energy. It also shows strike prices and maturity days for a Energy Transfer against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
 Put
ET251017P00035000035.017.7 - 17.8517.7In
 Put
ET251017P00030000030.012.7 - 12.8512.7In
 Put
ET251017P00028000128.010.7 - 11.010.4In
 Put
ET251017P00027000327.09.7 - 9.859.7In
 Put
ET251017P00026000026.08.55 - 8.858.55In
 Put
ET251017P00025000025.07.6 - 7.957.6In
 Put
ET251017P00024000024.06.35 - 7.06.48In
 Put
ET251017P00023000023.05.3 - 6.15.3In
 Put
ET251017P00022000022.04.55 - 5.054.55In
 Put
ET251017P000210008221.03.6 - 3.93.4In
 Put
ET251017P0002000076420.02.67 - 2.862.75In
 Put
ET251017P00019000173119.01.83 - 1.951.9In
 Put
ET251017P00018000472618.01.07 - 1.121.1In
 Put
ET251017P00017000357017.00.54 - 0.590.57Out
 Put
ET251017P00016000139116.00.25 - 0.290.26Out
 Put
ET251017P0001500065415.00.11 - 0.140.12Out
 Put
ET251017P0001400059114.00.04 - 0.080.08Out
 Put
ET251017P0001300019313.00.0 - 0.40.04Out
 Put
ET251017P0001200011812.00.01 - 0.180.01Out
 Put
ET251017P000110003811.00.0 - 0.750.23Out
 Put
ET251017P00010000210.00.0 - 0.10.06Out

Energy Transfer Corporate Directors

Steven AndersonIndependent Director of LE GP LLCProfile
Richard BrannonIndependent Director of LE GP, LLCProfile
Matthew RamseyChief Operating Officer, Director of LE GP, LLCProfile
Ray DavisDirector of LE GP LLCProfile

Additional Tools for Energy Stock Analysis

When running Energy Transfer's price analysis, check to measure Energy Transfer's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Energy Transfer is operating at the current time. Most of Energy Transfer's value examination focuses on studying past and present price action to predict the probability of Energy Transfer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Transfer's price. Additionally, you may evaluate how the addition of Energy Transfer to your portfolios can decrease your overall portfolio volatility.