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VLO

Valero Energy Corp

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Traded $20K on VLO CALLs to erase $2K of SPY PUT losses from yesterday. Even is a win, so enough fun in the shit show today.
Think it time to yolo into VLO CALLs and retire at the end of the year or become homeless,
look at USO, RBOB, CL charts. PSO/VLO/MPC. kinda getting exhausted up there
Wonder if that Youtube guy is still short VLO?
distillates are down -13.5% yoy. pump and ship all the oil you want retards, T and Iran blew up the infrastructure to refine anything that moves. price of WTI right now is not going to reflect the surge in fuel costs, particularly diesel and other middle distillates. Calls on VLO, MPC and PSX are going to fucking print
Same. I had a little fun with him, but I dd see a lot of people starting to short oil around that level for a technical pullback since it was major resistance and the RSI was so overbought. That said, this is the type of short-term washout that very quickly corrects the RSI. We're already out of overbought territory. I think $98/barrel is about the lowest we see, and trying to short this move \*again\* feels suicidal. Charts are still pointing toward a move to about $116-$118. And if you look at stuff like VLO, it's green today. Other oil stocks are down half or less as much as oil. So I don't think this is anything more than a small technical correction.
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