Valero (VLO) Offering Possible 13.12% Return Over the Next 37 Calendar Days

Valero's most recent trend suggests a bearish bias. One trading opportunity on Valero is a Bear Call Spread using a strike $60.00 short call and a strike $70.00 long call offers a potential 13.12% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $8.84 would be incurred if the stock rose above the $70.00 long call strike price.

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

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

The RSI indicator is at 28.12 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

U.K.’s $1.8 Billion Gasoline Trade to America Hit Zero in June
Fri, 10 Jul 2020 04:00:00 +0000
(Bloomberg) — Each year, Britain’s oil refineries send millions of barrels of surplus gasoline across the Atlantic to fuel America’s cars. The vital export trade appears to have stopped in June.Having cut production of the motor fuel more deeply, and for longer, than their competitors, Britain’s oil refineries missed out last month as the U.S. stepped up imports from other European nations. The U.K. didn’t send any gasoline to America last month, probably the first time that’s happened since at least the start of 2012, according to tanker tracking and trade data compiled by Bloomberg.Europe’s oil refiners make more gasoline than the continent needs, leaving a surplus that often finds its way to the U.S. For the U.K., it’s a vital export trade, worth $1.83 billion last year, according to customs data compiled by Bloomberg.The trade flow across the Atlantic suffered massive disruption this year, when governments told people to stay at home, bringing transportation systems to a halt. Oil refiners moved into survival mode, cutting processing rates and halting key units such as so-called fluid catalytic crackers, or FCCs, which make gasoline.Tanker-tracking data show that no oil tankers left the U.K. and sailed to the U.S. in June. That said, it’s possible that customs data could include exports if any shipments in late May or early July are counted in figures for last month.Flows across the Atlantic from the U.K. are dominated by Valero Energy Corp.’s plant in Pembroke in Wales. That refinery has a big FCC by European standards, and Valero took it offline for about six weeks from early May, according to Genscape. Valero didn’t respond to requests for comment.“The site has reduced throughput in line with other refiners due to the Covid pandemic, which would also naturally reduce gasoline production,” said Shiv Talsania, a refining analyst at Facts Global Energy in London, referring to Pembroke.Pembroke’s exports to the U.S. have averaged 198,000 tons a month since Bloomberg started monitoring that tanker route at the start of 2018. That’s about 55,000 barrels a day and about one seventh of shipments from Europe into the world’s biggest gasoline market.Two other U.K. refineries, Exxon Mobil Corp.’s Fawley and Total SA’s Lindsey, also make shipments, but less regularly. The U.K. is usually the second-biggest European shipper to the Americas, after the Netherlands, which is home to a cluster of the region’s biggest processing plants.The U.K. also ships gasoline to West Africa. That trade too took a hit last month, according to tanker-tracking data compiled by Bloomberg.Refineries in the Netherlands have started increasing shipments as U.S. demand has recovered, leading last month’s increase in flows observed in tanker-tracking data compiled by Bloomberg.The whole trade flow remains vulnerable, according to Richard Matthews, head of research at E.A. Gibson Shipbrokers Ltd. The re-introduction of travel restrictions in some regions puts the recovery in demand at risk and U.S. inventories also remain high.“Given the worsening Covid-situation, there is no hope of a sustained pull for gasoline in the U.S.,” Matthews said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

U.S. refiners ramp up crude imports from Mexico to 8-year high
Wed, 08 Jul 2020 21:16:14 +0000
U.S. crude oil imports from Mexico surged to the highest level in more than eight years last week as swelling inventories and a fire at the Latin American country's largest refinery in late June led it to offload more barrels. U.S. buyers boosted their purchases by 834,000 barrels per day (bpd) to about 1.3 million bpd in the week to July 3, the highest since February 2012, according to the Energy Information Administration. The surge helped send U.S. net imports last week to the highest since August 2019.

Were Hedge Funds Right About Valero Energy Corporation (VLO)?
Tue, 07 Jul 2020 10:18:35 +0000
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

Valero: A High Dividend, for a Price
Thu, 02 Jul 2020 16:49:41 +0000
Management is taking care of shareholders through dividends and buybacks Continue reading…

Valero Energy (VLO) Stock Moves -1.68%: What You Should Know
Fri, 26 Jun 2020 21:50:09 +0000
Valero Energy (VLO) closed the most recent trading day at $56.32, moving -1.68% from the previous trading session.

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