BUY VLO 10/13/13 130 CALLS
Crude Oil is having its worst day in 4 months and fund managers are puking out of oil stocks in a big way today. Valero is down 4 days in a row and nearly 15% over that period wiping out a full months worth of gains. The stock is deeply oversold and I expect the OPEC cartel to try to talk up the price of crude in coming days. We’re also in a key consolidation level that’s held since August in the $120’s. 1 Star trade last half hour.