Big Players' Recent Trades in VLO Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish stance on Valero Energy (NYSE:VLO) based on recent options trades. Analysis of Valero Energy's options history revealed 9 unusual trades, with a majority being bullish. The trades suggest a focus on a price range of $95.0 to $135.0 for VLO. The company is a major independent refiner with significant operations in the US, Canada, and the UK. Currently, VLO's stock price is down by -1.28% at $127.62, and the RSI indicates it may be approaching overbought territory. The next earnings report is due in 16 days.
January 09, 2024 | 6:31 pm
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Valero Energy has seen a bullish trend in options trading, with a price target range between $95 and $135. The stock is currently down and may be overbought, with earnings report upcoming in 16 days.
The bullish options trades indicate that investors are expecting an increase in VLO's stock price within the specified range. However, the current downtrend and RSI nearing overbought territory could lead to short-term volatility. The upcoming earnings report adds to the potential for significant price movement.
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