Looking At Valero Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Valero Energy (NYSE:VLO), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades, with 90% being bearish and 10% bullish. Whales have been targeting a price range of $106 to $135 for Valero Energy over the last 3 months.
May 31, 2023 | 3:04 pm
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A large investor has taken a bearish stance on Valero Energy (NYSE:VLO) with 90% of 10 uncommon options trades being bearish. Whales have been targeting a price range of $106 to $135 for Valero Energy over the last 3 months.
The large investor's bearish stance on Valero Energy indicates a potential negative impact on the stock price in the short term. The fact that 90% of the uncommon options trades are bearish suggests that the investor may have information or expectations that could drive the stock price down. Additionally, the targeted price range of $106 to $135 over the last 3 months shows that the investor has been actively monitoring and trading Valero Energy's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100