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Investors with a lot of money to spend have taken a bearish stance on Valero Energy (NYSE:VLO).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with VLO, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Valero Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $482,311, and 2 are calls, for a total amount of $60,020.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $165.0 and $180.0 for Valero Energy, spanning the last three months.
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 $165.0 to $180.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
VLO | PUT | SWEEP | BEARISH | 05/17/24 | $3.1 | $3.05 | $3.1 | $165.00 | $94.5K | 4.1K | 904 |
VLO | PUT | SWEEP | BEARISH | 05/17/24 | $3.1 | $2.99 | $3.1 | $165.00 | $92.8K | 4.1K | 1.3K |
VLO | PUT | SWEEP | BULLISH | 05/17/24 | $2.83 | $2.82 | $2.82 | $165.00 | $80.9K | 4.1K | 6 |
VLO | PUT | SWEEP | BULLISH | 08/16/24 | $14.4 | $14.25 | $14.25 | $180.00 | $48.4K | 176 | 34 |
VLO | PUT | SWEEP | BULLISH | 05/17/24 | $4.2 | $4.0 | $4.0 | $170.00 | $42.0K | 354 | 105 |
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 1.2 billion gallons per year of renewable diesel.
In light of the recent options history for Valero Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
5 market experts have recently issued ratings for this stock, with a consensus target price of $188.0.
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.
If you want to stay updated on the latest options trades for Valero Energy, Benzinga Pro gives you real-time options trades alerts.
Posted In: VLO