What the Options Market Tells Us About Energy Transfer
Portfolio Pulse from Benzinga Insights
Financial analysis of Energy Transfer (NYSE:ET) options market reveals a bearish sentiment among traders, with 62% showing bearish tendencies and 37% bullish. The analysis highlighted unusual trades, including 3 puts and 5 calls, aiming for a price range of $12.0 to $20.0. The current market status shows ET trading at $15.85, with a volume of 7,473,081 and an RSI suggesting it may be approaching overbought territory. The anticipated earnings release is in 29 days.
April 09, 2024 | 6:16 pm
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Energy Transfer shows a bearish sentiment in the options market, with a current trading price of $15.85 and an upcoming earnings release in 29 days.
The bearish sentiment among traders, combined with the current RSI suggesting an overbought condition, could lead to a short-term price decline. The upcoming earnings release adds uncertainty, potentially impacting the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100