52-Week High Alert: Trading today’s movement in ENERGY TRANSFER LP $ET

Quantchabot has detected a promising Bull Call Spread trade opportunity for ENERGY TRANSFER LP (ET) for the 19-Jan-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

ET was recently trading at $14.07 and has an implied volatility of 20.66% for this period. Based on an analysis of the options available for ET expiring on 19-Jan-2024, there is a 34.15% likelihood that the underlying will close within the analyzed range of $14.28-$15.84 at expiration. In this scenario, the average linear return for the trade would be 10.77%.

52 week high: ENERGY TRANSFER LP recently reached a new 52-week high at $14.15. ET had traded in the range $11.37-$14.09 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if ET maintains its current direction and does not revert back to pricing on the bearish side of $14.07 on 19-Jan-2024. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if ENERGY TRANSFER LP closes at or above $13.95 on 19-Jan-2024. Based on our risk-neutral analysis, there is a 58.92% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.






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