Call buyers take position in Valero
Valero Energy Corp (VLO) is getting some love from call buyers today. So far, 1,002 contracts of the Feb. 105 call have changed hands, compared to open interest of 128 contracts. Pricing has been in the high-half of the bid-ask spread all day, indicating that these new contracts are being bought to open.
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About Valero Energy Corporation
Valero Energy is one of the largest independent refiners in the United States. It operates 14 refineries with a total throughput capacity of 3.1 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 14 ethanol plants with capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 275 million gallons per year of renewable diesel.