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Valero Energy VLO (news,
chart,
quote) - VLO options active on Spreading volume used as Price Hedges
VLO, an owner and operator of 18 refineries in the U.S., Canada and the Caribbean, is up .86 to $63.96. OPCO say's "VLO is trading at a discount to its peer average of independent refiners on P/E and P/CF, based on consensus estimates for 2006 and 2007." VLO May option implied volatility of 39 is near its 6-month average. VLO call option volume of 62,267 contracts compares to intra-day put volume of 21,251 contracts. Average option implied volatility suggests non-directional price fluctuations.
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