HollyFrontier Corporation (HFC) soared 5.32% yesterday on news that rival Valero Energy (VLO) blew past its consensus estimate for Q4 earnings by a whopping 59%.
Although HFC itself is only announcing its own earnings on Feb. 26, investors are clearly expecting big things from this energy play.
With the options up 82.68%, I am recommending that you sell half of your options to lock in some big gains. The stock is now up 17.44% since you first bought it on Nov. 19, so I am also recommending that you sell half of your stock position here to lock in your profits. In addition, raise the stop on your remaining shares to $46.00.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: