Energy Transfer call volume above normal and directionally bullish

Bullish option flow detected in Energy Transfer with 20,245 calls trading, 1.9x expected, and implied vol increasing over 3 points to 26.03%. 2/7 weekly 20 puts and Mar-25 21 calls are the most active options, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 0.47. Earnings are expected on February 11th.