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Our February 2024 Options Trade: Energy Transfer Limited Partnership
Energy Transfer Limited Partnership (ET)

Energy Transfer LP is an investment-grade limited partnership which owns and operates one of the largest and most diversified portfolios of energy assets in the United States. 

Their core operations include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, NGL and refined product transportation and terminalling assets and NGL fractionation. 

In total, Energy Transfer owns and operates nearly 125,000 miles of pipeline and associated infrastructure in 41 states, with a strategic footprint in all of the major U.S. production basins.

Our January covered call trade involves buying ET units at $14.04 and writing February 16th, $12.00 calls for $2.07. 

Our January trade should generate a 2.46% gain (including an anticipated $.315 per unit distribution) if ET units trade at $12.00 (or above) at the options expiration – a 27.91% annualized return. 

The trade breaks even if ET trades down to $11.66 – a full $2.39 per share (16.99%) below the current price.

Nathan Weiss & Keith Schaefer
Co-Founders, In The Money options trading service
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