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Equitrans Midstream call volume above normal and directionally bullish

Bullish option flow detected in Equitrans Midstream with 6,488 calls trading, 1.8x expected, and implied vol increasing over 1 point to 32.04%. Apr-24 9 calls and Jan-24 8 calls are the most active options, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 0.01. Earnings are expected on February 20th.

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