Valero Energy (NYSE:VLO) has seen significant options trading activity, indicating a bearish sentiment among large investors. The trading involved 12 unusual options trades, with a split sentiment of 33% bullish and 66% bearish. The focus is on a price band between $130.0 and $270.0. Valero, a major independent refiner, has its stock price slightly down at $183.31, with analysts giving mixed ratings and price targets ranging from $173 to $198. The next earnings report is expected in 17 days.