06/07/2022
This Is What Whales Are Betting On Energy Transfer
4:55pm ET 6/7/2022 Benzinga
A whale with a lot of money to spend has taken a noticeably bullish stance on Energy Transfer.
Looking at options history for Energy Transfer (NYSE:ET) we detected 29 strange trades.
If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 48% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $99,450 and 26, calls, for a total amount of $1,461,306.
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 $7.0 to $15.0 for Energy Transfer over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Energy Transfer's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Energy Transfer's whale activity within a strike price range from $7.0 to $15.0 in the last 30 days.
Energy Transfer Option Volume And Open Interest Over Last 30 Days