This Is What Whales Are Betting On Valero Energy

Someone with a lot of money to spend has taken a bearish 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.

So how do we know what this whale just did?

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

This isn't normal.

The overall sentiment of these big-money traders is split between 10% bullish and 90%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $300,816, and 3 are calls, for a total amount of $121,877.

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 $135.0 to $200.0 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 $135.0 to $200.0 in the last 30 days.

Valero Energy Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
VLO PUT SWEEP BEARISH 12/15/23 $135.00 $88.2K 701 210
VLO CALL TRADE BEARISH 03/15/24 $140.00 $57.7K 413 35
VLO PUT SWEEP BEARISH 11/17/23 $140.00 $43.1K 528 648
VLO PUT SWEEP BEARISH 11/17/23 $140.00 $43.1K 528 189
VLO PUT SWEEP BEARISH 11/17/23 $140.00 $35.6K 528 83

Where Is Valero Energy Standing Right Now?

  • With a volume of 976,647, the price of VLO is up 0.05% at $147.25.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 27 days.

What The Experts Say On Valero Energy:

  • B of A Securities has decided to maintain their Neutral rating on Valero Energy, which currently sits at a price target of $161.
  • Raymond James has decided to maintain their Strong Buy rating on Valero Energy, which currently sits at a price target of $164.
  • Wells Fargo has decided to maintain their Equal-Weight rating on Valero Energy, which currently sits at a price target of $144.
  • Mizuho has decided to maintain their Buy rating on Valero Energy, which currently sits at a price target of $174.
  • Goldman Sachs has decided to maintain their Sell rating on Valero Energy, which currently sits at a price target of $128.

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!