Energy Transfer LP (ET)
Energy Transfer LP Max Pain By Strike
ET trades at $17.66, pinned near the near-term max pain of $17.5 expiring Sep 5, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($12.5-$18), indicating stable market expectations. Key magnetic zone at 18 where 8 expirations converge.
Energy Transfer LP Max Pain By Expiry
Max pain for ET shows stable levels around 16.89, reflecting balanced market expectations. The 33% spread signals divergent expectations across timeframes. Most levels below 17.66 may cap rallies. Strong magnetic level at 18 (8 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 5, 2025 | 17.5 | -0.16 (-0.89%) |
| Sep 12, 2025 | 17.5 | -0.16 (-0.89%) |
| Sep 19, 2025 | 17.5 | -0.16 (-0.89%) |
| Sep 26, 2025 | 17.5 | -0.16 (-0.89%) |
| Oct 3, 2025 | 17.5 | -0.16 (-0.89%) |
| Oct 10, 2025 | 17.5 | -0.16 (-0.89%) |
| Oct 17, 2025 | 18 | 0.34 (1.95%) |
| Oct 24, 2025 | 12.5 | -5.16 (-29.20%) |
| Dec 19, 2025 | 18 | 0.34 (1.95%) |
| Jan 16, 2026 | 17 | -0.66 (-3.72%) |
| Mar 20, 2026 | 17 | -0.66 (-3.72%) |
| Apr 17, 2026 | 17 | -0.66 (-3.72%) |
| Jun 18, 2026 | 17 | -0.66 (-3.72%) |
| Jan 15, 2027 | 15 | -2.66 (-15.04%) |