Valero Energy (NYSE: VLO) closed at $18.31. VLO is expected to report Q2 EPS on July 28. Crude oil futures are recently up 0.82% to $68.61. VLO August call option implied volatility is at 38, puts are at 43; below its 26-week average of 61, according to Track Data, suggesting decreasing price movement.
MGM Mirage (NYSE: MGM) closed at $7.73. MGM is expected to report Q2 EPS on August 3. August option implied volatility is at 83; September is at 87; below its 26-week average of 110, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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