Looking At Valero Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Valero Energy (NYSE:VLO), with a large position indicating a bullish stance. The sentiment among these big-money traders is 70% bullish and 30% bearish. The options trades target a price range from $80.0 to $145.0 for Valero Energy over the last 3 months. Wells Fargo, Morgan Stanley, Tudor Pickering, and Barclays have maintained their ratings on Valero Energy with price targets of $135, $160, $145, and $142 respectively.
August 09, 2023 | 2:32 pm
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Valero Energy has seen unusual options activity, with a large bullish position. Analysts from Wells Fargo, Morgan Stanley, Tudor Pickering, and Barclays have maintained their positive ratings with price targets ranging from $135 to $160.
The unusual options activity, particularly the large bullish position, indicates that there is a strong belief that the stock price will rise. This is further supported by the positive ratings and price targets given by various analysts, which suggest a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100