Looking At Valero Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Valero Energy (NYSE:VLO), with 60% of recent trades being bullish and 40% bearish. The total amount for the 3 put trades was $83,901, while the 7 call trades amounted to $7,994,970. The price target for Valero Energy over the last 3 months has been between $70.0 and $145.0. The company's stock price is currently down by 1.91% at $126.31. Analysts have mixed opinions, with Tudor Pickering and JP Morgan maintaining a bullish stance, while Morgan Stanley has downgraded its rating.
August 04, 2023 | 12:12 pm
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Valero Energy has seen significant options activity, with a majority being bullish. The stock price is currently down, and analysts have mixed opinions on the company's outlook.
The bullish options activity indicates that investors are expecting the stock price to rise. However, the current decrease in stock price and mixed analyst opinions introduce uncertainty into the short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100