ET
Energy Transfer LPPrices and gamma are point-in-time snapshots taken at the time shown. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
LIVE MARKET SNAPSHOT
| Call Wall | 22 |
| Put Wall | 21 |
| GEX Flip | 21 |
| Vol Trigger | 21 |
| Net GEX | $43.7M |
Cached snapshot as of 2026-09-16 09:10 UTC, live streaming data in the terminal.
ET DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near ET's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the ET option chain, not the whole book: the 30 strikes nearest spot out of 43 seen, 658 contract rows spanning 15 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 13 | $0 | $0 | $0 | |
| 14 | $0 | $0 | $0 | |
| 15 | -$88.8K | $0 | -$88.8K | |
| 15.5 | $0 | $0 | $0 | |
| 16 | $0 | $0 | $0 | |
| 16.5 | $0 | $0 | $0 | |
| 17 | -$1.1K | $0 | -$1.1K | |
| 17.5 | -$109 | $0 | -$109 | |
| 18 | -$36.8K | $0 | -$36.8K | |
| 18.5 | $0 | $0 | $0 | |
| 19 | $129.8K | $161.3K | -$31.5K | |
| 19.5 | -$5.2K | $197 | -$5.4K | |
| 20 | $11.3M | $12.2M | -$945.2K | |
| 20.5 | -$133.3K | $10.2K | -$143.5K | |
| 21PUT WALLGEX FLIP | $9.5M | $11.7M | -$2.2M | |
| 21.5SPOT | $1.4M | $2.5M | -$1.1M | |
| 22CALL WALL | $16.7M | $16.9M | -$176.4K | |
| 22.5 | $122.6K | $122.6K | $0 | |
| 23 | $3.8M | $3.8M | -$1.2K | |
| 23.5 | $219 | $219 | $0 | |
| 24 | $166.0K | $166.0K | $0 | |
| 24.5 | $0 | $0 | $0 | |
| 25 | $892.7K | $892.7K | $0 | |
| 25.5 | $0 | $0 | $0 | |
| 26 | $0 | $0 | $0 | |
| 26.5 | $0 | $0 | $0 | |
| 27 | $0 | $0 | $0 | |
| 28 | $0 | $0 | $0 | |
| 29 | $0 | $0 | $0 | |
| 30 | $4.1K | $4.1K | $0 |
These levels were captured September 16, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
ABOUT ET
Energy Transfer is one of the largest and most diversified midstream MLPs in the United States, operating over 130,000 miles of pipelines. It provides natural gas gathering, processing, transportation, and storage, as well as NGL fractionation, crude oil transportation, and refined product distribution.
WHY TRACK ET ON SQUAWKFLOW
ET options flow tracks MLP distribution expectations and natural gas processing margins. Unusual call accumulation often precedes distribution increase announcements or asset acquisition deals.
ET DATA ON SQUAWKFLOW
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