Deep-pocketed investors have adopted a bearish approach towards Valero Energy VLO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in VLO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Valero Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 18% leaning bullish and 81% bearish. Among these notable options, 2 are puts, totaling $185,095, and 9 are calls, amounting to $508,197.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $130.0 for Valero Energy over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Valero Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Valero Energy's whale trades within a strike price range from $115.0 to $130.0 in the last 30 days.
Valero Energy Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VLO | CALL | SWEEP | BEARISH | 12/15/23 | $125.00 | $161.7K | 1.2K | 716 |
| VLO | PUT | SWEEP | NEUTRAL | 12/19/25 | $125.00 | $143.8K | 18 | 70 |
| VLO | CALL | SWEEP | BEARISH | 01/19/24 | $130.00 | $64.0K | 1.6K | 507 |
| VLO | CALL | TRADE | BULLISH | 12/15/23 | $125.00 | $60.6K | 1.2K | 231 |
| VLO | CALL | SWEEP | BULLISH | 01/19/24 | $130.00 | $59.7K | 1.6K | 231 |
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 United States, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 1.2 billion gallons per year of renewable diesel.
Where Is Valero Energy Standing Right Now?
- Currently trading with a volume of 1,681,541, the VLO's price is up by 0.49%, now at $122.52.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 69 days.
What The Experts Say On Valero Energy
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $154.0.
- Consistent in their evaluation, an analyst from Raymond James keeps a Strong Buy rating on Valero Energy with a target price of $154.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Valero Energy options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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