Energy Transfer's Options Frenzy: What You Need to Know

High-rolling investors have positioned themselves bearish on Energy Transfer ET, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ET often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 13 options trades for Energy Transfer. This is not a typical pattern.

The sentiment among these major traders is split, with 30% bullish and 69% bearish. Among all the options we identified, there was one put, amounting to $56,000, and 12 calls, totaling $1,329,560.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.0 to $14.5 for Energy Transfer during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Energy Transfer's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Energy Transfer's whale activity within a strike price range from $7.0 to $14.5 in the last 30 days.

Energy Transfer Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

After a thorough review of the options trading surrounding Energy Transfer, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Energy Transfer Standing Right Now?

• With a volume of 5,389,430, the price of ET is up 0.22% at $13.75.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 26 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Energy Transfer with Benzinga Pro for real-time alerts.