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Equitrans Midstream call volume above normal and directionally bullish

Bullish option flow detected in Equitrans Midstream with 14,303 calls trading, 2x expected, and implied vol increasing over 9 points to 44.97%. Mar-24 12 calls and Feb-24 12 calls are the most active options, with total volume in those strikes near 12,000 contracts. The Put/Call Ratio is 0.01. Earnings are expected on February 20th.

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