Looking At Valero Energy's Recent Whale Trades

Looking At Valero Energy's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Valero Energy VLO.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with VLO, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Valero Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $91,032, and 9, calls, for a total amount of $414,886..

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 $80.0 to $115.0 for Valero Energy over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Valero Energy options trades today is 373.88 with a total volume of 478.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Valero Energy's big money trades within a strike price range of $80.0 to $115.0 over 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 CALL SWEEP BULLISH 12/16/22 $115.00 $112.0K 730 1
VLO PUT SWEEP BULLISH 03/17/23 $100.00 $91.0K 122 125
VLO CALL SWEEP BEARISH 12/16/22 $115.00 $83.0K 730 201
VLO CALL SWEEP BEARISH 10/14/22 $80.00 $38.7K 60 20
VLO CALL TRADE BULLISH 10/14/22 $80.00 $38.7K 60 30

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
VLO CALL SWEEP BULLISH 12/16/22 $115.00 $112.0K 730 1
VLO PUT SWEEP BULLISH 03/17/23 $100.00 $91.0K 122 125
VLO CALL SWEEP BEARISH 12/16/22 $115.00 $83.0K 730 201
VLO CALL SWEEP BEARISH 10/14/22 $80.00 $38.7K 60 20
VLO CALL TRADE BULLISH 10/14/22 $80.00 $38.7K 60 30

Where Is Valero Energy Standing Right Now?

  • With a volume of 1,870,143, the price of VLO is up 0.68% at $118.89.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 19 days.

What The Experts Say On Valero Energy:

  • Wells Fargo has decided to maintain their Overweight rating on Valero Energy, which currently sits at a price target of $131.
  • Piper Sandler has decided to maintain their Overweight rating on Valero Energy, which currently sits at a price target of $148.

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: BZI-UOAOptionsMarkets