Option Update: Valero Energy volatility elevated into lower Q1 view

Posted Mar 25th 2008 9:09AM by Paul Foster
Filed under: Valero Energy (VLO), Options

Valero Energy (NYSE: VLO) is recently trading at $48 in pre-open trading, below its close of $50.08.

VLO guided Q1 earnings lower because of unplanned outages within its refining system.

Goldman says: "While the 1Q shortfall is unfortunate, it does not change our bullish outlook for the shares and we reiterate our Conviction Buy rating."

Crude oil futures are recently down 0.38% to $100.48 according to Bloomberg.

VLO April option implied volatility of 48 is above its 26-week average of 39 according to Track Data, suggesting larger price risks.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: option implied volatility, OptionImpliedVolatility, valero, vlo

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