Valero Energy (VLO) $24.11 +0.75%
Valero (VLO) adds 16 cents to $24.09 and is seeing muted reaction to today’s surge in crude oil prices, which were recently up 7.6 percent to $83.62 per barrel and session highs. One player seems to be anticpating strength in shares of the oil refiner, however, as a Jan 30 – 35 call spread was bought on VLO for 50 cents, 15000X on ISE. A customer bought the spread, to open, according to ISEE. The stock has seen relative strength in recent weeks despite volatility in the commodity, VLO is up 14.7 percent month-to-date. (WhatsTrading.com Premium Alert Sample).
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.
