When you are dealing with businesses in commodities, no company is really a long term winner. These type of companies will just swing to extreme levels in both directions. It's just the nature of the commodities. As far as investigating options pricing to determine the future direction of the stock I'm not so sure that works. There is no way to determine what percentage of the open interests are hedging the underlying stock from those that truly believe the stock is going to rise or fall.
this stock is driving me crazy along with QCOM. go figure... market making new highs and QCOM (once with a 3/4 digit price tag) is wallowing in the mud) and VLO is schizo!
I just exited VLO on Thursday. Friday's are usually a down day for VLO in the past few weeks. Looking to reenter sometime next week. A little worried about oil and the new congress.
What an ugly mess. This might be the worst chart I've seen lately... not a good omen for my various energy shares.. although the shift in additives killed these guys.
Yep it looks like this sucker is about to go into a new trading range much lower than it's current one.