Valero Energy's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Valero Energy (NYSE:VLO) has seen a mix of bullish and bearish options trading, with a notable lean towards bullish sentiment. Analysis of 12 unusual trades shows an even split in trader sentiment, but with a higher value placed on calls ($1,282,241) compared to puts ($64,225). The options market predicts a price range of $125 to $230 for VLO. The stock is currently up 1.35% at $170.08, with some analysts suggesting it may be overbought. Professional analysts have set an average price target of $184.4, with ratings ranging from Sell to Buy.
March 28, 2024 | 6:16 pm
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Valero Energy has experienced a mix of bullish and bearish options trading, with a significant value in bullish calls. The stock is currently up, but analysts' ratings vary, setting an average price target of $184.4.
The significant value placed on bullish calls suggests a positive outlook among traders, potentially driving short-term interest and upward price movement. However, the mixed analyst ratings and the current overbought status could introduce volatility. The average price target of $184.4 by analysts indicates a potential upside, supporting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100