Whats the rational of long ETP calls. ETP has an anomalous chart compared to other eMLPs discussed here.
While the other charts are in a general up trend, ETP has been in a downtrend Since qrtr1. While a long bias trade for the others is supported by trending, ETP looks like the best it can do is offer an exit on a spike.
The ETP chart plus the outlying dividend vs peers is a red flag prior to further DD.
The average chart over the last 15 quarters compares very well with the average for the last four quarters. While the chart for this quarter diverges somewhat from those averages, I'm still buying this week and looking for 46+ before EX.