Options/Futures
Part of the decline in the last week can be attributed to a drop in gross refining margin across the industry. However, this company has a return on equity of more than 20% and nearly 80% of its stock is held by institutions, which are generally considered buy-and-hold investors.
At today's price, Valero is an absolute steal. That's why I am placing a limit order to buy 10 January $35 calls (VHBAG), paying $10.90 or better. I will place the GTC sell order $1 higher than the fill price so I can grab a $1,000 victory as soon as it comes. So, if your order is filled at $10.90, you should immediately place a good-till-cancel (GTC) order to sell at $11.90. Always remember: Life is a journey, enjoy the ride!TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
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DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
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-1.28%
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-1.43%
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-1.17%
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-6.12%
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Data delayed 20 minutes |
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