I wonder though if COP will continue to perform as well when the buyback is complete? I meant to mention that VLO was really a poor performer last summer at a time when it's peers were on fire. Might warrant some extra caution if you use it for more than a day trade until it proves it's able to run with rest of the group.
Refiners are on fire. You literally have until now to get in. I could care less which one you choose, just get in on the free money. (Oh man, I sound like eqt_trdr now! - What is happening to me?)
I went with the lottery play...June $70 VLO Calls...only $.90 and the time will be on my side if the stock only rises in mediocre fashion...should the stock rise nearer to $70 in the next 2 months I should see a nice return. Time is the ticket here. cheers.
I honestly and truly believe you'll hit that ticket. Too little refining capacity. We're at 85% utilization now, and spring driving season hasn't even begun yet.
I bought quite a few of them. I think at this point, there is a lot of time and a lot of upside and the reward far outweighs the risk at this point. If the stock runs to $65 before the end of the month I'll be up over 100% and sell half and run with the freebies. Good enough looking for me to have went with it. Thanks for the tip, it looks very good from here.