This Is What Whales Are Betting On Energy Transfer

Someone with a lot of money to spend has taken a bearish stance on Energy Transfer ET.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with ET, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for Energy Transfer.

This isn't normal.

The overall sentiment of these big-money traders is split between 9% bullish and 90%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $35,200, and 10, calls, for a total amount of $465,934..

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $12.0 for Energy Transfer over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Energy Transfer options trades today is 35940.8 with a total volume of 20,731.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Energy Transfer's big money trades within a strike price range of $10.0 to $12.0 over the last 30 days.

Energy Transfer Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ET CALL SWEEP BEARISH 07/15/22 $10.00 $76.0K 12.6K 780
ET CALL SWEEP BEARISH 01/20/23 $10.00 $59.4K 111.7K 1.6K
ET CALL SWEEP BEARISH 01/20/23 $10.00 $55.3K 111.7K 1.2K
ET CALL SWEEP BEARISH 07/15/22 $10.00 $50.7K 12.6K 1.4K
ET CALL SWEEP BEARISH 01/20/23 $10.00 $40.9K 111.7K 1.4K

Where Is Energy Transfer Standing Right Now?

  • With a volume of 16,264,328, the price of ET is up 1.54% at $11.54.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 22 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
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