Decoding Energy Transfer's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected unusual options activity for Energy Transfer (NYSE:ET), with a bullish sentiment from high-rolling investors. Out of 10 options trades, 70% were bullish, with 9 calls totaling $589,543 and 1 put for $43,000. The trades suggest a target price range of $10.0 to $17.0 over the next three months. Energy Transfer's current stock price is $13.74, with a neutral RSI and earnings expected in 48 days.
December 28, 2023 | 8:46 pm
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POSITIVE IMPACT
Energy Transfer (NYSE:ET) sees unusual bullish options activity, indicating potential positive sentiment among investors. With a target price range of $10-$17, the current price at $13.74, and earnings announcement in 48 days, the stock may experience short-term volatility.
The bullish options activity, with a high volume of calls, suggests that investors are expecting a positive price movement for ET in the short term. The target price range indicates optimism, which could lead to increased investor interest and potential stock price appreciation. However, the actual impact will depend on the forthcoming earnings announcement and market conditions.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100