High-rolling investors have positioned themselves bullish 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 15 options trades for Energy Transfer. This is not a typical pattern.
The sentiment among these major traders is split, with 73% bullish and 26% bearish. Among all the options we identified, there was one put, amounting to $26,100, and 14 calls, totaling $793,981.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $30.0 for Energy Transfer over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $12.0 to $30.0 in the last 30 days.
Energy Transfer Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ET | CALL | SWEEP | BULLISH | 01/15/27 | $4.35 | $4.1 | $4.35 | $13.00 | $86.9K | 838 | 1.2K |
| ET | CALL | SWEEP | BULLISH | 01/15/27 | $4.35 | $4.1 | $4.35 | $13.00 | $86.9K | 838 | 801 |
| ET | CALL | SWEEP | BULLISH | 01/15/27 | $4.35 | $4.1 | $4.35 | $13.00 | $86.9K | 838 | 601 |
| ET | CALL | SWEEP | BULLISH | 01/15/27 | $4.35 | $4.25 | $4.35 | $13.00 | $86.9K | 838 | 401 |
| ET | CALL | SWEEP | BULLISH | 01/15/27 | $4.35 | $4.1 | $4.35 | $13.00 | $86.9K | 838 | 815 |
About Energy Transfer
Energy Transfer owns one of the largest portfolios of crude oil, natural gas, and natural gas liquid assets in the US, primarily in Texas and the US midcontinent region. Its pipeline network totals 130,000 miles. It also owns gathering and processing facilities, one of the largest fractionation facilities in the US, fuel distribution assets, and the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.
Current Position of Energy Transfer
- Trading volume stands at 5,151,619, with ET's price up by 0.44%, positioned at $17.12.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 91 days.
What The Experts Say On Energy Transfer
2 market experts have recently issued ratings for this stock, with a consensus target price of $20.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $20. * Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Energy Transfer, targeting a price of $20.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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