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.
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