Rating
4.5 / 5
Recommendation
Open trade
Credit put spread analysis · · Strong setup
IV Rank
84
Implied volatility percentile
Trend
0.71
Long-term trend score
Safety
6/9
Quality checks passed
Drop
-7.5%
Day 2 of drop
1Y Change
15.4%
Trailing 12 months
Earnings
Clear
No event in window
Recommended credit put spread
AI-suggested setup based on the latest screen. Expiration May 28, 2026.
Sell
$215.00
Short put (collects premium)
Buy
$204.00
Long put (caps risk)
- Width
- $11.00
- Estimated credit
- $3.50
- Max risk
- $7.50
- Return on risk
- 46.7%
- Expiration
- May 28, 2026
For entertainment purposes only. Not a recommendation to trade. Disclaimer.
AI analysis
Options Trading Expert · Apr 21, 2026
The significant drop in VLO's price (-7. 48%) presents an opportunity to open a credit put spread. With the current stock price at $234.
36, we should consider a sellStrike around 5-15% lower, i. e. , $209.
00 - $220. 50. The buyStrike should be 5-10% lower than the sellStrike, i.
e. , $198. 00 - $207.
50, making the spread width around 5-10% of the current stock price.