VLO tapped the midpoint at $110.01 and hit the perfect reentry at $109.04. If it gets another good chance to get long we'll take it. If not, because it hit right off the midpoint perfectly if it gets to the final target we'll get short with a tight stop too see what kind of reversal we can get at $111.96.
Looking at the VLO Valero Energy options chain ahead of earnings , I would buy the $143 strike price Calls with
2023-2-3 expiration date for about
$4.20 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
On my radar is this energy sector company called Valero Energy Corporation, Ticker: VLO
The idea details:
Ideal Entry @ $136.00
Ideal Stop @ $125.25
Ideal Target(s) @ $146.50, $160.25 & $167.25
Option Proxy:
Expiration: June 16, 2023
Strike: 150
Ideal Entry Price: $8.00
Ticker: .VLO230616C150
Trade Plan:
Entering trade at approximately $136.00 would be ideal,...
Price has fallen from a rising wedge and did not go back down to C.
There was also a small RSI divergence and it appears both have corrected.
STOP below C.
No recommendation.
D is the target. It can be 100% of leg AB or a greater or a lesser Fib level of leg AB.
It is a measured move that occurs over and over in the market. This pattern will reverse at D.
It...
VLO reports earnings later this month. I have a decent long position in this name, but for a day trade or swing Idea, I like longs over 128 and puts under 124.4
I personally believe what worked in 2022 won't in 2023, so oil names may not be as safe of a hiding place for big funds this new year.
Smart money is capital placed in the market by institutional investors, market mavens, central banks, funds, and other financial professionals.
Smart money also refers to the force that influences and moves financial markets, often led by the actions of central banks.
Smart money is invested on a much larger scale than retail investments.
But do you know why...
Don't know why this sold off today, there is insider selling, but this is a solid energy play. Good dividend, excellent growth metrics. Solid 50 day, 200 day, and 52 week EMAs. I own since 34% ago, will add more should it dip to 61.8% fib around $125. Energy momo is here to stay for a while.
The PEAD projected a Bullish outlook for $VLO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
It was March 7th when I published my first VLO analysis:
I revised my target price to 140 on April 26:
then VLO went up to 148
+84% in less than 100 days..!
Now you see the highest ever revenue and learning per share, but the price is 25% below its All time high???
Why?
Maybe the best answer is provided by George Soros:
The reality is that...
Oil has been beat down lately and even with that being said VLO has been one of my top watches as this thing was performing very strongly up to this point. Entered a small position today on the breakout shown here and plan to swing
Apparently, VLO is forming an inverse head and shoulder pattern.
Disclaimer, I'm not a professional investor nor a financial adviser, follow at your own risk.
Let's combine Technical analysis and Fundamental analysis:
Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol, and Renewable Diesel. The Refining segment consists of refining operations, associated marketing activities, and...
