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Energy Transfer call volume above normal and directionally bullish

Bullish option flow detected in Energy Transfer with 17,379 calls trading, 1.5x expected, and implied vol increasing over 1 point to 22.34%. 8/1 weekly 17.5 calls and Sep-25 19 calls are the most active options, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 0.17. Earnings are expected on August 6th.

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