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Energy Transfer call volume above normal and directionally bullish

Bullish option flow detected in Energy Transfer with 13,276 calls trading, 1.3x expected, and implied vol increasing almost 2 points to 15.91%. Aug-24 17 calls and Aug-24 17 puts are the most active options, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 0.23. Earnings are expected on August 7th.

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