BUY VLO/ BUY 4/26/24 165 CALLS
Valero is down 5 days in a row and over 3% today as investors are suddenly getting buyer’s remorse on energy. The fact is the longer-term trends in Oil remain to the upside and the looming war in the Middle East hasn’t disappeared. A natural technical bounce on today’s Burn Notice can only be amped up by any news bombs. 1 Star trade last half hour. 3:30-4:00 EST