ET Forecast


Bullish Case: Given ET's P/B ratio of 1.3 and consistent revenue growth, compounded with institutional investors raising stakes and bullish options volume, near-term upside probability is strong.


Bearish Case: Ongoing market backwardation and high short-term volatility, combined with recent earnings misses and negative historical returns, suggest potential downside risk.


Potential Outcomes:

1. 35% price increases from undervaluation recognition and market stabilization.

2. 30% continued flatline with minor fluctuations.

3. 25% moderate decline from missed earnings.

4. 10% severe drop due to external shocks.


Trading Oracle: Establish 1-2 month debit spreads near $15 to capitalize on short-term spikes and high implied volatility. Focus on volatility exploitation strategies to manage downside risk while leveraging potential upside momentum. Seek high reward:risk opportunities.


July 23, 2024


Energy Transfer LP Forecast

ET      Energy Transfer LP











Correlated Assets

Assets that tend to move strongly with ET



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.84)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.61)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.78)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.79)



Uncorrelated Assets

Assets with little price relationship to ET



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.61)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.78)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.79)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.84)



Anticorrelated Assets

Assets that tend to move strongly against ET



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.84)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.61)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.78)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.79)





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