Valero (VLO) Offering Possible 13.38% Return Over the Next 14 Calendar Days

Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $97.00 short put and a strike $92.00 long put offers a potential 13.38% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock dropped below the $92.00 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.

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LATEST NEWS for Valero

Valero Energy Corporation Declares Regular Cash Dividend on Common Stock
Wed, 30 Oct 2019 20:10:41 +0000
SAN ANTONIO, Oct. 30, 2019 — The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of.

Edited Transcript of VLO earnings conference call or presentation 24-Oct-19 2:00pm GMT
Tue, 29 Oct 2019 12:02:51 +0000
Q3 2019 Valero Energy Corp Earnings Call

FreightWaves Oil Report: Valero's Conference Call Had Little Good News On The Impact Of IMO 2020
Mon, 28 Oct 2019 14:57:22 +0000
The scenarios laid out by Valero officials on their third-quarter earnings call painted a picture of a market that already has begun to make moves linked to IMO 2020. “It's pretty difficult to be able to determine how much the strength… is IMO- related and how much is just fundamentals and supply,” Simmons said on a conference call with analysts following the release of Valero's third-quarter earnings.

Valero beats expectations in third quarter; eyes improvement later this year
Thu, 24 Oct 2019 19:39:30 +0000
San Antonio-based refiner Valero Energy Corp. beat analysts' expectations in the third quarter, reporting a profit of $609 million.

UPDATE 2-Valero Energy sees well supplied crude market after profit
Thu, 24 Oct 2019 15:54:57 +0000
Independent U.S. refiner Valero Energy Corp on Thursday forecast favorable market conditions for the current quarter, underlining improved gasoline and distillate cracks, sending shares up 2.2% in morning trade. “We expect to see continued product strength with inventories at lower levels and sour crude weakness resulting from the IMO low-sulfur fuel oil mandate, which goes into effect on January 1, 2020,” Chief Executive Joe Gorder said in a statement on Thursday. The IMO, an agency of the United Nations, has mandated sulfur content in marine fuels be no more than 0.5%, down from 3.5% now.

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