Valero Energy Unusual Options Activity For September 12
Portfolio Pulse from Benzinga Insights
Valero Energy (NYSE:VLO) has seen unusual options activity, with a significant bearish stance taken by a whale investor. Of the 13 strange trades detected, 38% were bullish and 61% were bearish. The total amount for puts was $139,180 and for calls was $1,099,040. The targeted price range for Valero Energy over the last 3 months has been $85.0 to $170.0. The current price of VLO is up 1.76% at $146.27. Wells Fargo, Mizuho, Goldman Sachs, and B of A Securities have maintained their ratings on Valero Energy.
September 12, 2023 | 7:15 pm
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Valero Energy has seen unusual options activity, with a significant bearish stance. The targeted price range over the last 3 months has been $85.0 to $170.0. The current price of VLO is up 1.76% at $146.27.
The unusual options activity, particularly the bearish stance taken by a whale investor, indicates a potential downward pressure on the stock price. The current price is up, but the bearish sentiment could lead to a reversal. The targeted price range also suggests volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100