Valero Energy (VLO) $26.06 +3.54%
Valero (VLO) adds 73 cents to $25.91 and a Jun 24 – 27 bullish risk-reversal trades on the stock at even money, 2238X on CBOE. The same combo traded for 4 cents, 1704X on ISE and data from the exchange confirm that puts were sold to buy calls and open a new position. Shares of the oil refiner were down in the past two days along with the broader market, but have performed well in 2012. VLO is up 23.4 percent year-to-date. Earnings were last reported on 1/31.
Category: All Stocks, Large Cap Stocks, Oil & Gas Producers
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
