Vistra (VST) a safer Utility play in a risk-off tape showing strength as it looks to clear this range and has a large gap to fill to above $22. VST has also been a favorite of large call accumulation in December and January. VST is undergoing a big portfolio transition and now expects 45% of their EBITDA to come from renewables, storage, and retail by 2030. In July, Guggenheim upgraded VST to Buy with a $24 target with increased confidence in the durability of FCF generation and sees potential for a breakup of the company and asset sales to private interests.