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Option Traders: Look at These Midstream Stocks

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Dec. 4 2020, Updated 10:52 a.m. ET

Midstream stocks with high implied volatilities

On September 19, 2016, Teekay LNG Partners (TGP) had an implied volatility of 43.3%, the highest among the midstream companies. Its 15-day average implied volatility was 45.6%, and its current volatility was 5% below its 15-day average.

Now, let’s look at other midstream stocks’ volatilities on September 19, 2016:

  • Energy Transfer Equity (ETE): 42.9% (0.3% below its 15-day average)
  • EnLink Midstream (ENLC): 42.2% (0.7% below its 15-day average)
  • Enable Midstream Partners (ENBL): 41.1% (7.6% below its 15-day average)
  • Crestwood Equity Partners LP (CEQP): 39.2% (4.9% below its 15-day average)
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Midstream stocks with the lowest implied volatilities

On September 19, 2016, Buckeye Partners (BPL) had the lowest implied volatility among all midstream companies. Buckeye Partners’s implied volatility was 18.9%. Its 15-day average implied volatility was 21.5%, and its current implied volatility was 11.7% below its 15-day average.

Let’s look at some other midstream stocks with low implied volatilities on September 19, 2016:

  • Spectra Energy Partners (SEP): 19.5% (2.3% below its 15-day average)
  • Midstream Partners (MMP): 20.1% (0.2% above its 15-day average)
  • Enterprise Products Partners (EPD): 21.8% (1.3% below its 15-day average)
  • EQT Midstream Partners LP (EQM): 23.7% (1.9% below its 15-day average)

In the next part of this series, we’ll look at the returns of midstream stocks with high and low implied volatilities.

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