Options Bulls Swarm Outperforming Natural Gas Stock

Year-to-date, ETRN sports a 38.1% lead

Digital Content Manager
Jun 12, 2023 at 3:18 PM
facebook X logo linkedin

Natural gas name Equitrans Midstream Corp (NYSE:ETRN) is up 1.1% to trade at $9.31 at last check, while boasting a 38.1% year-to-date lead.  The shares are on track to snap their three-day losing streak, after last week surging to their highest level since August. Support from ETRN's 10-day moving average and $9 level contained this pullback, though, and helped the security score its fifth consecutive weekly gain.

ETRN 10 Day 1

Options traders have taken notice of the rally. ETRN appeared on Schaeffer's Senior Quantitative Analyst Rocky White's list of S&P 400 (SP400) stocks that attracted the highest weekly options volume in the last 10 days. The security saw 249,096 calls and 34,520 puts exchanged, with the October 10 call seeing the most action.

MAO 0612 2

Bullish bets have been prevalent for the past 10 weeks. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity sports a 50-day call/put volume ratio of 32.61 that ranks higher than 89% of readings from the last year.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI