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Valero Energy Corporation (VLO) operates as a crude oil refining and marketing company in the United States and internationally. Its refining activities include refining operations, wholesale marketing, product supply and distribution, and transportation operations primarily in the Gulf Coast, Mid-Continent, West Coast, and northeast regions.

The stock is running early this morning. As the chart shows, the stock hasn't really kept up with oil stocks because it wasn't able to refine as fast as oil prices increased. It looks like the stock is finding support as long as it holds above the 50 DMA (Pink line). We are selling the June 47.5 Puts for at least $1 per contract. More aggressive traders can sell 4 contracts.

Risk Management for VLO
Strike Stop = $ 47.50
Cost Basis Stop = $ 46.42
Technical Stop = $ 46.68
Premium Stop = $ 47.00

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