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Energy Transfer call volume above normal and directionally bullish

Bullish option flow detected in Energy Transfer with 56,779 calls trading, 2x expected, and implied vol increasing almost 2 points to 22.51%. Jan-27 22 calls and Apr-26 20 calls are the most active options, with total volume in those strikes near 18,400 contracts. The Put/Call Ratio is 0.16. Earnings are expected on May 6th.

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