A whale with a lot of money to spend has taken a noticeably bearish stance on Valero Energy.
Looking at options history for Valero Energy (NYSE:VLO) we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $235,290 and 8, calls, for a total amount of $408,752.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $150.0 for Valero Energy over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Valero Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Valero Energy's whale trades within a strike price range from $75.0 to $150.0 in the last 30 days.
Valero Energy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VLO | PUT | TRADE | BULLISH | 01/19/24 | $150.00 | $155.4K | 33 | 30 |
| VLO | CALL | TRADE | BULLISH | 01/20/23 | $75.00 | $115.5K | 5.5K | 35 |
| VLO | CALL | SWEEP | NEUTRAL | 05/20/22 | $120.00 | $105.4K | 2.5K | 1.0K |
| VLO | CALL | SWEEP | BEARISH | 05/20/22 | $125.00 | $45.2K | 1.8K | 1.0K |
| VLO | CALL | TRADE | BULLISH | 06/17/22 | $105.00 | $33.6K | 8.6K | 119 |
Where Is Valero Energy Standing Right Now?
- With a volume of 2,147,693, the price of VLO is up 3.33% at $108.64.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 92 days.
What The Experts Say On Valero Energy:
- Morgan Stanley has decided to maintain their Overweight rating on Valero Energy, which currently sits at a price target of $125.
- Credit Suisse has decided to maintain their Outperform rating on Valero Energy, which currently sits at a price target of $120.
- Wells Fargo has decided to maintain their Overweight rating on Valero Energy, which currently sits at a price target of $126.
- RBC Capital has decided to maintain their Outperform rating on Valero Energy, which currently sits at a price target of $120.
- Raymond James has decided to maintain their Strong Buy rating on Valero Energy, which currently sits at a price target of $117.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
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