Investors in Energy Transfer LP (ET) can begin trading new options set to expire in June 2027 as of today. The call contract at the $25.00 strike price has a current bid of 11 cents. With ET’s current share price at $19.43, a covered call strategy could yield a total return of 29.23% if the stock is called away at expiration.
This $25.00 strike represents a 29% premium over the current price, suggesting a 65% chance that the covered call may expire worthless, allowing investors to retain both the shares and the premium collected. The implied volatility for this call contract is 51%, contrasting with the trailing twelve-month volatility of 16%.
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