Energy Transfer call volume above normal and directionally bullish

Bullish option flow detected in Energy Transfer with 23,488 calls trading, 2x expected, and implied vol increasing almost 3 points to 65.09%. Jun-25 17 calls and Apr-25 16 calls are the most active options, with total volume in those strikes near 13,400 contracts. The Put/Call Ratio is 0.52. Earnings are expected on May 6th.