Energy

Valero Energy Corp (VLO) options and signal

Figures as of 28 Sep 2026

VLO is Valero Energy Corp, an Energy name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans

At a glance

Figure	Value	Date
Trade Card	Bear call spread, 18 Dec	25 Sep
IV rank	96 of 100	28 Sep
At the money IV	53.8%	28 Sep
Priced move to 30 Oct	15.4% down, 15.9% up	28 Sep
Call wall and put wall	390 and 320	28 Sep
Signal and the desk's view	Bearish signal, view bearish	25 Sep
Last close	389.57	28 Sep
Next report	22 Oct 2026	28 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for VLO was a bear call spread expiring 18 Dec 2026, paper trading.

Figure	Value
Signal	Bearish, over 45 trading days
Strategy	Bear call spread, credit
Legs	Sell the 460 call, Buy the 520 call
Expiry	18 Dec 2026, 84 days to expiry
Limit	A credit of at least $8.85
Probability of profit	70%, the option market's odds at expiry, from delta
Max loss	$5,115 per contract
Max profit	$885 per contract
Breakeven	468.85
IV rank at that expiry	94 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Trade Cards in RingMaster The Trade Cards guide

Options Snapshot

VLO's IV rank is 96 of 100 on 28 Sep 2026.

Figure	Value
IV rank	96 of 100
At the money IV	53.8%, near month, 32 days
Put/call ratio, open interest	1.28
Call open interest, strikes captured near the price	47,400 contracts
Put open interest, strikes captured near the price	60,500 contracts
Cost to trade at the money	Tight, 12.9% of the option's mid price

IV rank is where the at the money IV sits among VLO's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, VLO options priced a move of 15.4 percent down and 15.9 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.8%	5.6%	366.87 to 411.57
9 Oct 2026	11	9.5%	8.9%	352.37 to 424.37
23 Oct 2026	25	14.2%	14.2%	334.27 to 444.97
30 Oct 2026	32	15.4%	15.9%	329.77 to 451.67
20 Nov 2026	53	20.3%	20.9%	310.67 to 471.17
18 Dec 2026	81	24.1%	24.9%	295.67 to 486.67
19 Mar 2027	172	34.4%	35.9%	255.57 to 529.57

The range is one standard deviation either side of the close of 389.57, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, VLO's call wall is the 390 strike and its put wall is the 320 strike.

Figure	Value
Call wall, most open call gamma	390
Put wall, most open put gamma	320
Net dollar gamma, calls minus puts	minus $6.46 million
Total dollar gamma, both sides	$66.59 million
Close	389.57

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 5 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, VLO's at the money IV is 53.8 percent against 20 day realized volatility of 34.4 percent.

Figure	Value
At the money IV	53.8%
Realized volatility, 20 trading days	34.4%
Realized volatility, 60 trading days	34.5%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	32.1% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, VLO's at the money IV runs from 55.9 percent at 4 days to 50.9 percent at 172 days.

Days to expiry	At the money IV
4	55.9%
11	52.4%
18	53.4%
25	53.9%
39	53.0%
53	53.7%
81	51.9%
172	50.9%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 32 day expiry, VLO's IV ten percent below the price sits 1.0 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	54.8%	+1.0 points
At the money	53.8%	0.0 points
10% above the price	53.4%	-0.4 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Smile in RingMaster The Volatility Smile guide

Volatility Surface

On 28 Sep 2026, VLO's surface spans 10 expiries out to 172 days, with IV from 50.7 to 56.8 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	133
Lowest IV among them	50.7%
Highest IV among them	56.8%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, VLO has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	55.9%	2,891	5,350
9 Oct 2026	11	52.4%	1,178	1,891
16 Oct 2026	18	53.4%	6,417	14,337
23 Oct 2026	25	53.9%	1,563	1,381
30 Oct 2026	32	53.8%	544	1,023
6 Nov 2026	39	53.0%	55	57
20 Nov 2026	53	53.7%	1,989	1,666
18 Dec 2026	81	51.9%	18,100	26,427
15 Jan 2027	109	51.6%	11,300	6,252
19 Mar 2027	172	50.9%	3,328	2,143

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, VLO's largest open interest sits at the 320 strike, with 26,009 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
320	4,916	21,093	26,009
390	5,247	1,073	6,320
350	1,303	3,972	5,275
360	1,560	3,465	5,025
400	3,090	1,900	4,990
370	1,115	3,663	4,778

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, VLO's at the money IV moved from 53.7 percent to 53.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	53.7%	53.8%	+0.1 points
Open interest, strikes captured near the price	111,659	107,892	-3,767
Put/call ratio, open interest	1.41	1.28	-0.14

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 11,669 VLO option contracts traded, 0.5 times its own recent average.

Figure	Value
Calls traded	4,993
Puts traded	6,676
Against its recent average	0.5 times
Busier than	1 of its last 20 trading days
Open interest, whole chain	145,912 contracts
Volume to open interest	0.08
Unusual volume flag	Yes, 2 contracts traded well above open interest
Largest flagged contract	The 400 call expiring 23 Oct, 518 traded against 197 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 33 trading days of VLO's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	323.92	$22.45 million	320	280
21 Sep 2026	393.27	minus $8.96 million	390	320
28 Sep 2026	389.57	minus $6.46 million	390	320

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of VLO was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, signal on
Level above the close	419.04, the swing high of 21 Sep 2026, a close past it runs against the view
Level below the close	375.10, the swing low of 14 Sep 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 VLO sat at the 0th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	16 of 100	Bearish
20 trading days	1 of 100	Bearish
45 trading days	0 of 100	Bearish

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026, 3 of 3 timeframes put VLO on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	2 of 2
Long	45 day	Bearish	1 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 VLO's bearish signal had held 5 trading days in a row, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	Bearish	0 of 100
24 Sep 2026	Bearish	0 of 100
23 Sep 2026	Bearish	1 of 100
22 Sep 2026	Bearish	1 of 100
21 Sep 2026	Bearish	1 of 100
18 Sep 2026	None	3 of 100
17 Sep 2026	Bearish	3 of 100
16 Sep 2026	Bearish	3 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 17 of 56 Energy names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Energy	56	17	33	6

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

VLO closed at 389.57 on 28 Sep 2026.

Figure	Value
Last close	389.57
Change over 5 trading days	-0.9%
Change over 21 trading days	+12.4%
Change over 63 trading days	+46.3%
Change over 252 trading days	+123.4%
52 week high	419.04
52 week low	155.29
20 day moving average	384.55
50 day moving average	348.17
200 day moving average	255.76
RSI, 14 days	59

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

VLO reports next on 22 Oct 2026, and options priced an earnings move of 11.5 percent through 23 Oct 2026.

Figure	Value
Next report	22 Oct 2026, before the open
Date	Confirmed by the company
Priced earnings move	11.5%, a straddle of $44.65 at the 390 strike, expiring 23 Oct 2026
Move after the report of 30 Jul 2026	+3.5%
Move after the report of 28 Apr 2026	+4.6%
Move after the report of 26 Jan 2026	-0.2%
Move after the report of 24 Apr 2025	-1.0%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

Earnings calendar as of 28 Sep 2026. Current on every plan.

Open Earnings Radar in RingMaster The Earnings Radar guide

Company Events

VLO filed 1 current report in the 14 days to 28 Sep 2026, the latest on 18 Sep 2026.

Filed	Report	What it covers
18 Sep 2026	Current report	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Regulation FD Disclosure

Filings as of 28 Sep 2026. Current on every plan.

Open Company Events in RingMaster The Company Events guide

Short Volume

On 25 Sep 2026, 52.5 percent of VLO's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	52.5%
Five day average	57.5%
52 week median	58.0%

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

Open Short Volume in RingMaster The Short Volume guide

Seasonality

In the 23 Septembers on record, VLO's average change was minus 0.5 percent, and it rose in 47.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.5%	-1.9%	47.8%	23
October	+2.6%	+2.5%	60.9%	23
November	+1.9%	+3.9%	56.5%	23

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

Open Seasonality in RingMaster The Seasonality guide

Headlines

The desk's news feeds carried 3 headlines naming VLO in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	3
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

Open Headlines in RingMaster The Headlines guide

Questions

What is VLO's IV rank?: VLO's IV rank is 96 of 100 on 28 Sep 2026.
What move are VLO options pricing?: On 28 Sep 2026, VLO options priced a move of 15.4 percent down and 15.9 percent up by 30 Oct 2026.
Where are VLO's call wall and put wall?: On 28 Sep 2026, VLO's call wall is the 390 strike and its put wall is the 320 strike.
What was the latest Trade Card for VLO on the Free plan?: On 25 Sep 2026 the Trade Card for VLO was a bear call spread expiring 18 Dec 2026, paper trading.
When does VLO report earnings next?: VLO reports next on 22 Oct 2026, and options priced an earnings move of 11.5 percent through 23 Oct 2026.

More Energy names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans