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Equitrans Midstream call volume above normal and directionally bullish

Bullish option flow detected in Equitrans Midstream with 5,211 calls trading, 1.1x expected, and implied vol increasing almost 4 points to 36.50%. Feb-24 10 calls and Apr-24 11 calls are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.01. Earnings are expected on February 20th.

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