A Closer Look at Energy Transfer's Options Market Dynamics

Investors with a lot of money to spend have taken a bullish stance on Energy Transfer ET.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ET, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for Energy Transfer.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $67,100, and 6 are calls, for a total amount of $808,842.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $15.0 for Energy Transfer during the past quarter.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Energy Transfer's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Energy Transfer's significant trades, within a strike price range of $10.0 to $15.0, over the past month.

Energy Transfer 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Energy Transfer

Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.

Having examined the options trading patterns of Energy Transfer, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Energy Transfer's Current Market Status

• With a trading volume of 6,209,809, the price of ET is up by 0.07%, reaching $14.08.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 20 days from now.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Energy Transfer options trades with real-time alerts from Benzinga Pro.