Valero Energy Corp Option Trade Blog

Chart 1: Valero Energy Corp Yearly Chart

Chart 2: Quarterly Chart

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Title: Valero Energy Corp Option Trade Blog

Blog Date: 7 Dec 06

Business Description: Valero Energy Corporation operates as a refining and retailing company in the United States. Its refining business includes refining operations, wholesale marketing, product supply and distribution, and transportation operations. The company had approximately 1,008 company-operated sites; and approximately 5,000 retail and wholesale outlets, as of the above date. Valero Energy was founded in 1955. It was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in 1997. The company is headquartered in San Antonio, Texas.

Symbol: VLO

Option Symbol: VLOOW

Option Description: Type: Put, Expiration: Mar, Strike Price: 47.5

Reason for Initiation: Reverse trending, looking to cut above 28 days moving average.

Action: Short Put (equivalent to Long Stock)

Details: Sold to open position on 21th Nov 06. Closed position on 29th Nov 06.

Result: slight +ve

Reason for Closing: Failure to remove stop-buy that was put in place when the stock came down a little. 

Comments:

* Be more careful not to waste such opportunity.

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