Jun. 3 at 12:03 AM
$EPD saw a big move with about 8.5k Sep 18
$42 calls bought on the ask
That blew past the open interest of 6.5k
No put flow here so this is a solid bullish sign
With a
$388K premium, it's clear someone is betting on medium-term upside
EPD's only up 1.3% today and down over the last 5 days
This isn't a breakout play, more like setting up for a slow burn
No news driving this so it looks like deliberate positioning
Watch for a steady bid around
$38 to confirm before jumping in
The strike is just 11% out of the money with 108 days to expiry
Implied vol in the
