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Income Masters Trade Alert: VLO

Valero (VLO) is rallying today in the face of a broader market decline. Let’s book profits on our put, earning a 47% annualized rate of return.

Current Stock Price: $112.42

Cash in Hand: $1.03

Action: Buy to close the VLO Aug Week One (8/5) 103 Put for around $0.24, but adjust as needed to close today

Profit: $0.79, or $79 per contract

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