HollyFrontier shares rose 1.63% to $44.92 on Friday, one session after breaking above its 50- and 100-day moving averages. Total option volume in the name was triple its daily average for the last month, with overall calls outpacing puts by a bullish 12-to-ratio.
The company is scheduled to release third-quarter results on Nov. 6 before the opening bell. Other refiners that have seen upside action this month include Valero Energy, Tesoro, and Phillips 66.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts