Valero (VLO) Offering Possible 15.07% Return Over the Next 23 Calendar Days

Valero's most recent trend suggests a bullish bias. One trading opportunity on Valero is a Bull Put Spread using a strike $45.00 short put and a strike $35.00 long put offers a potential 15.07% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $8.69 would be incurred if the stock dropped below the $35.00 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 at 54.28 level which suggests that the stock is neither overbought nor oversold at this time.

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

Energy CEO on oil prices: It's a ‘train wreck in full speed'
Thu, 16 Apr 2020 19:08:52 +0000
Parsley Energy CEO Matt Gallagher joins Yahoo Finance’s Seana Smith to discuss the recent slide in oil prices amid OPEC+ deal.

Coronavirus update: 1.96 million cases worldwide, 125,476 deaths; and Trump goes into battle with state governors
Tue, 14 Apr 2020 21:53:00 +0000
An apparent slowdown in deaths and hospitalizations from the coronavirus that causes COVID-19 the U.S. epicenter New York weighed against a grim forecast for the global economy and a widening row between President Donald Trump and state governors over how to get Americans back to work.

Valero Energy Corporation Announces Pricing of Notes Offering
Tue, 14 Apr 2020 21:32:33 +0000
SAN ANTONIO, April 14, 2020 — Valero Energy Corporation (NYSE: VLO) announced today that it has priced a public offering of $850,000,000 aggregate principal amount of 2.700%.

Valero Energy Provides Preliminary Revenue Estimates for Q1
Tue, 14 Apr 2020 13:29:01 +0000
In the wake of reduced global demand for refined products, Valero Energy (VLO) has reduced oil processing volumes at most refineries.

Valero expects billion-dollar first-quarter loss as it shutters plants
Mon, 13 Apr 2020 21:25:05 +0000
The San Antonio-based refiner has struggled with the falling demand for gasoline and jet fuel, like the rest of the industry.

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