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Energy Transfer call volume above normal and directionally bullish

Bullish option flow detected in Energy Transfer with 50,528 calls trading, 2x expected, and implied vol increasing over 1 point to 14.41%. Jan-24 15 calls and 9/1 weekly 13.5 calls are the most active options, with total volume in those strikes near 13,400 contracts. The Put/Call Ratio is 0.32. Earnings are expected on October 31st.

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