Options Alert: Puts Are Surging in Blue Owl
Blue Owl Capital has been skidding lower, and options traders could see more downside risk.
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Valero Energy hit a record high in November, and some traders may expect further upside.
The first pattern on today’s chart is the $176.76 level. It was a weekly and monthly close at the end of November. The oil refiner drifted above it in early December before sliding toward $160. It gapped above it on January 5 and tested it this week before bouncing. Has old resistance become new support?
Second, prices are …
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Valero Energy (VLO), daily chart, with select patterns and indicators, courtesy of TradingView.