|Bid||5.60 x 3200|
|Ask||5.64 x 21500|
|Day's Range||5.46 - 5.62|
|52 Week Range||3.75 - 13.86|
|Beta (5Y Monthly)||2.60|
|PE Ratio (TTM)||10.73|
|Earnings Date||Nov 04, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||1.22 (21.98%)|
|Ex-Dividend Date||Aug 06, 2020|
|1y Target Est||10.37|
On Tuesday, shares of Energy Transfer (NYSE: ET) saw unusual options activity. After the option alert, the stock price moved down to $5.53. * Sentiment: BULLISH * Option Type: SWEEP * Trade Type: PUT * Expiration Date: 2022-01-21 * Strike Price: $5.00 * Volume: 1715 * Open Interest: 11174Three Indications Of Unusual Options Activity Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset."Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future.Bullish And Bearish Sentiments Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity.Trading Options With These Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Price Over Earnings Overview: Energy Transfer(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Donald Trump announced his reelection bid as soon as he took office four years ago and has raised a total of $594 million so far, according to OpenSecrets. This amount includes donations to his official campaign committee and outside groups like single-candidate super PACs and hybrid PACs or Carey Committees. Very large donations in U.S. presidential elections are directed toward super PACs (Political Action Committees), or hybrid PACs because of the $5,600 limit on how much an individual can give to a candidate's official campaign committee per election cycle.
Energy Transfer LP (ET) closed at $5.52 in the latest trading session, marking a -0.72% move from the prior day.