ET250110C00020500 Option on Energy Transfer LP
ET Stock | USD 19.62 0.02 0.10% |
ET250110C00020500 is a PUT option contract on Energy Transfer's common stock with a strick price of 20.5 expiring on 2025-01-10. The contract was not traded in recent days and, as of today, has 3 days remaining before the expiration. The option is currently trading at a bid price of $0.24, and an ask price of $0.49. The implied volatility as of the 7th of January is 3.0.
Energy |
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 2025-01-10 Option Contract
The options market is anticipating that Energy Transfer LP will have an average daily up or down price movement of about 0.0144% per day over the life of the option. With Energy Transfer trading at USD 19.62, that is roughly USD 0.002822. 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 0.23%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Call 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.
Call Contract Name | ET250110C00020500 |
Expires On | 2025-01-10 |
Days Before Expriration | 3 |
Delta | 0.345637 |
Vega | 0.024444 |
Gamma | 0.240682 |
Theoretical Value | 0.34 |
Open Interest | 26 |
Current Trading Volume | 1.0 |
Strike Price | 20.5 |
Last Traded At | 0.34 |
Current Price Spread | 0.24 | 0.49 |
Rule 16 Daily Up or Down | USD 0.002822 |
Energy short PUT Option Greeks
Energy Transfer's Option Greeks for the contract ending on 2025-01-10 at a strike price of 20.5 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 | 0.345637 | |
Gamma | 0.240682 | |
Theta | -0.006566 | |
Vega | 0.024444 | |
Rho | 0.006492 |
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 20.84 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 20.5, the payoff chart is constant and positive.
Profit |
Energy Transfer Price At Expiration |
Energy Transfer LP Available Call 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 Int | Strike Price | Current Spread | Last Price | |||
Call | ET250110C00005000 | 0 | 5.0 | 14.25 - 16.65 | 14.25 | In |
Call | ET250110C00010000 | 0 | 10.0 | 8.7 - 11.7 | 8.7 | In |
Call | ET250110C00011000 | 0 | 11.0 | 8.3 - 10.7 | 8.3 | In |
Call | ET250110C00012000 | 0 | 12.0 | 7.3 - 9.7 | 7.3 | In |
Call | ET250110C00013000 | 0 | 13.0 | 6.3 - 8.7 | 6.3 | In |
Call | ET250110C00014000 | 0 | 14.0 | 4.15 - 7.7 | 4.15 | In |
Call | ET250110C00014500 | 0 | 14.5 | 4.9 - 7.25 | 4.9 | In |
Call | ET250110C00015000 | 0 | 15.0 | 4.4 - 6.7 | 5.25 | In |
Call | ET250110C00015500 | 0 | 15.5 | 3.3 - 6.15 | 3.3 | In |
Call | ET250110C00016000 | 0 | 16.0 | 3.4 - 5.55 | 3.4 | In |
Call | ET250110C00017500 | 3 | 17.5 | 1.77 - 3.45 | 2.25 | In |
Call | ET250110C00020000 | 162 | 20.0 | 0.51 - 0.63 | 0.57 | Out |
Call | ET250110C00020500 | 26 | 20.5 | 0.24 - 0.49 | 0.34 | Out |
Energy Transfer Corporate Directors
John McReynolds | Special Advisor, Director of LE GP LLC | Profile | |
Steven Anderson | Independent Director of LE GP LLC | Profile | |
Ray Washburne | Independent Director of LE GP, LLC | Profile | |
Richard Brannon | Independent Director of LE GP, LLC | Profile |
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.