Monday, December 13, 2010

VLO now at the key $22 area

I've been long VLO from $20 about a week ago, and now it's getting to the big load-up price at $22.  Refining margins are still really strong, and VLO is still best of breed in a sector in which WNR and CVI have already run big-time.  Looking forward to the break to new 1 and a half year highs!

In other news, the position in Uptrending Equity: Swapped out puts for a long Dec VIX pos has been making me money pretty much every day regardless of market direction