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Energy Transfer call volume above normal and directionally bullish

Bullish option flow detected in Energy Transfer with 22,402 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 18.97%. Jan-26 20 calls and Nov-25 17 calls are the most active options, with total volume in those strikes near 12,700 contracts. The Put/Call Ratio is 0.16. Earnings are expected on February 11th.

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