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Valero Energy Corporation (VLO)

Overview · Option chain · Volatility · Expected-move history · Earnings

Price (delayed) 370.69 +1.26%
Expected moveThe size of the up-or-down move the options market is pricing for a stock by a given date, read from option prices (the at-the-money straddle). It is a market-implied estimate, not a forecast. · Sep 18 ±6.9%
Expected range 344.47395.77
IV30Implied volatility interpolated to a constant 30-day horizon from the expirations around it, so different stocks and dates can be compared fairly.44.0%
IV percentileWhere this IV30 ranks across all securities we cover today (a cross-sectional comparison, not the stock's own history). 73/universe
P/C volumePut volume (or open interest) divided by call volume (or open interest). A descriptive activity measure — it does not by itself say what traders expect.1.39
P/C open interest1.13
Next earnings Oct 22

Cboe delayed options data · as of 00:39 UTC · Figures derived from the full chain (1,832 contracts, 16 expirations) · IV own-history percentile appears after 60 recorded days (4 so far)

Expected move — Sep 18, 2026 (15 days)

Methodology →

Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.

344.5395.8370.1 current

Options are pricing a move of about ±6.9% (range 344.47–395.77) by Sep 18, 2026. ATM straddle: 25.65 @ strike 370 · ATM IV: 42.6%.

Probability distribution

Model & assumptions →

The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.

370.1344.5395.8
expected-move bandmodel density
Levelvs priceP(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction.P(below)
333.11 -10% 88.0% 12.0%
351.61 -5% 70.9% 29.1%
370.12 +0% 48.3% 51.7%
388.63 +5% 27.2% 72.8%
407.13 +10% 12.6% 87.4%

Model-estimated probabilities of finishing above/below each level at expiration — estimates under stated assumptions, not predictions.

Probability explorer

Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.

P(finish above)
P(finish below)
P(touch, approx.)

Horizon: Sep 18, 2026 · lognormal model, zero drift — an estimate, not a prediction. Assumptions

ExpiresDTEDays to expiration, in calendar days.Implied moveATM IVOpen int.
Sep 04, 2026 1 ±2.2% 49.3% 8,003
Sep 11, 2026 8 ±4.8% 40.3% 4,042
Sep 18, 2026 15 ±6.9% 42.6% 40.2K
Sep 25, 2026 22 ±8.7% 44.2% 1,369
Oct 02, 2026 29 ±9.9% 44.0% 1,039
Oct 09, 2026 36 ±11.0% 43.8% 227
Oct 16, 2026 43 ±12.4% 45.2% 6,405
Oct 23, 2026 50 ±13.5% 45.7% 0
Dec 18, 2026 106 ±20.1% 47.0% 45.0K
Jan 15, 2027 134 ±22.1% 46.0% 26.6K
Mar 19, 2027 197 ±26.4% 45.7% 2,803

Open interest by strike — Sep 18

Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.

280.0310.0325.0335.0345.0355.0365.0375.0395.0430.0370.1
callsputs

Largest open-interest concentrations (all expirations ≤ 60 days): 380 C · 4,236300 P · 2,965340 P · 2,878320 C · 2,400360 C · 2,075

IV term structure

Volatility page →

At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.

38%43%47%52%1d29d197d

When does open interest expire?

31%This month61%Later

Implied vs realized volatility

28.5%34.2%39.9%45.6%Aug 31Sep 03
IV30HV20

HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method

Price, last 60 sessions

Track record

Full history →

Every trading day we record what the options market is pricing for each expiration — before the outcome is known. Once expirations start resolving, this section compares expected versus actual, and the record is never rewritten. Recording since Aug 31, 2026.

Past earnings reactions

Oct 24-0.4%Jan 25-4.6%Apr 25-0.5%Jul 25-3.8%Oct 25+5.7%Jan 26-1.4%Apr 26-1.8%Jul 26+3.8%
implied (when recorded)actual reaction

Avg |reaction| 2.7% · median 1.8% (20 reports) — two-session close-to-close window; definition

About Valero Energy Corporation

Valero Energy Corporation functions as a global producer and marketer of transportation fuels and petrochemicals, with operations spanning the United States, Canada, the United Kingdom, Ireland, and other international territories. The company organizes its business across three primary divisions: Refining, Renewable Diesel, and Ethanol. Its Refining segment generates a wide array of products, including various types of gasoline (conventional, premium, reformulated, and California Air Resources Board-compliant), diverse diesel fuels (low-sulfur, ultra-low-sulfur, and CARB diesel), jet fuels, blendstocks, asphalts, petrochemicals, and lubricants. This division also handles the sale of lube oils and natural gas liquids. As of the end of 2021, Valero managed 15 petroleum refineries, boasting a combined daily processing capacity of approximately 3.2 million barrels of crude oil. The Ethanol division comprises 12 plants, capable of producing around 1.6 billion gallons of ethanol annually. These facilities also yield co-products such as dry distiller grains, syrup, and inedible corn oil, which are largely supplied to animal feed markets. Valero distributes its refined goods through whole

Energy · Oil & Gas Refining & Marketing · NYSE · Profile: Financial Modeling Prep

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