Whales with a lot of money to spend have taken a noticeably bullish stance on Valero Energy.
Looking at options history for Valero Energy VLO we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $54,400 and 6, calls, for a total amount of $292,950.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $165.0 for Valero Energy during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Valero Energy stands at 823.0, with a total volume reaching 798.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Valero Energy, situated within the strike price corridor from $110.0 to $165.0, throughout the last 30 days.
Valero Energy Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VLO | CALL | TRADE | BULLISH | 08/16/24 | $3.4 | $3.35 | $3.4 | $165.00 | $85.0K | 2.0K | 87 |
| VLO | CALL | TRADE | BULLISH | 12/19/25 | $27.75 | $27.75 | $27.75 | $150.00 | $55.5K | 65 | 0 |
| VLO | CALL | SWEEP | BEARISH | 08/16/24 | $5.1 | $5.0 | $5.02 | $160.00 | $50.1K | 1.9K | 656 |
| VLO | CALL | SWEEP | BULLISH | 07/26/24 | $10.6 | $9.1 | $9.1 | $150.00 | $40.9K | 36 | 0 |
| VLO | CALL | SWEEP | BULLISH | 01/17/25 | $11.9 | $11.75 | $11.9 | $165.00 | $30.9K | 605 | 16 |
About Valero Energy
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries, with a total throughput capacity of 3.2 million barrels a day in the US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which has the capacity to produce 1.2 billion gallons per year of renewable diesel.
Following our analysis of the options activities associated with Valero Energy, we pivot to a closer look at the company's own performance.
Valero Energy's Current Market Status
- With a volume of 3,609,831, the price of VLO is up 1.77% at $156.76.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 27 days.
What Analysts Are Saying About Valero Energy
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $173.0.
- An analyst from Piper Sandler persists with their Overweight rating on Valero Energy, maintaining a target price of $169.
- Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Valero Energy with a target price of $171.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Valero Energy with a target price of $179.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Valero Energy with Benzinga Pro for real-time alerts.
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