Looking At Valero Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Valero Energy (NYSE:VLO), with 66% of recent trades being bearish and 33% bullish. The total amount for puts was $523,355 and for calls was $300,590. Whales have been targeting a price range from $100.0 to $150.0 for Valero Energy over the last 3 months. The current price of VLO is down -1.1% at $136.57. Analysts from Raymond James, B of A Securities, Wells Fargo, and Mizuho have maintained their ratings on Valero Energy.
October 03, 2023 | 5:46 pm
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NEGATIVE IMPACT
Valero Energy has seen significant bearish trading activity, with a target price range of $100-$150. The current price is down -1.1% at $136.57.
The bearish trading activity and the current price decrease indicate a potential short-term negative impact on Valero Energy's stock. The target price range set by whales also suggests a potential downside from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100