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Energy Transfer call volume above normal and directionally bullish

Bullish option flow detected in Energy Transfer with 25,700 calls trading, 1.2x expected, and implied vol increasing almost 3 points to 21.92%. 1/10 weekly 19 calls and Jan-25 17 calls are the most active options, with total volume in those strikes near 8,400 contracts. The Put/Call Ratio is 0.26. Earnings are expected on February 11th.

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