Bearish flow noted in Valero (VLO) with 7,753 puts trading, or 2x expected. Most active are Feb-26 145 puts and 1/23 weekly 180 puts, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 1.68, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 29th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VLO:
- Oil Stocks Rise as U.S. Hosts Talks on Venezuelan Crude
- Valero price target raised to $197 from $192 at Mizuho
- Valero price target lowered to $217 from $223 at Piper Sandler
- Early notable gainers among liquid option names on January 7th
- Valero Energy: Structurally Advantaged Refining, Robust Cash Generation, and Shareholder Returns Support Buy Rating