Valero (VLO) Offering Possible 6.61% Return Over the Next 31 Calendar Days

Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $70.00 short put and a strike $60.00 long put offers a potential 6.61% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $9.38 would be incurred if the stock dropped below the $60.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Valero is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Valero is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Valero

Valero Energy (VLO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Thu, 14 Oct 2021 19:01:07 +0000
Valero Energy (VLO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 quality energy stocks with high dividend yields propelled by soaring oil prices
Thu, 14 Oct 2021 14:11:00 +0000
These stocks have dividend yields as high as 5.91%, and the companies never cut dividends after oil prices began their long decline in 2014.

Oil Refiners Have Gotten a Boost from the Power Crunch. It Won’t Last.
Tue, 12 Oct 2021 23:51:00 +0000
“There's some fears around what happens later in the winter,” says Citi analyst Prashant Rao.

Hedge Funds Are Cashing Out Of Valero Energy Corporation (VLO)
Tue, 12 Oct 2021 13:36:01 +0000
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]

How Investors Can Grab Better Returns for Oils and Energy Using the Zacks ESP Screener
Tue, 12 Oct 2021 12:50:12 +0000
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

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