Another midstream leap play $ET
Posted: Apr 08, 2024
- $PAA and $ET are midstream companies that service, maintain, and build pipelines for oil transportation - These companies are a good investment due to the current economy, rise in oil prices, and global geopolitical tensions - Leaps are long-term options that are considered a safer investment compared to short-term options - $ET CEO is experienced and has been with the company since 1996 - The post recommends buying $ET 17 call premiums for 2026 as they are currently cheap - The poster has 700 contracts of $ET $17 calls and 300 contracts of $PAA $20 calls for 2026 expiration - $ET is seen as a cheaper alternative to $PAA for potential future gains in the stock market.
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