Whales with a lot of money to spend have taken a noticeably bearish stance on Vale.
Looking at options history for Vale VALE we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $1,478,019 and 10, calls, for a total amount of $603,356.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1.0 to $17.0 for Vale over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Vale's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Vale's significant trades, within a strike price range of $1.0 to $17.0, over the past month.
Vale Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VALE | PUT | TRADE | BEARISH | 01/17/25 | $1.32 | $1.22 | $1.29 | $12.00 | $903.0K | 90.7K | 0 |
| VALE | PUT | TRADE | BULLISH | 01/16/26 | $1.18 | $1.05 | $1.08 | $10.00 | $270.0K | 14.8K | 2.5K |
| VALE | CALL | TRADE | NEUTRAL | 06/21/24 | $11.1 | $11.0 | $11.05 | $1.00 | $148.0K | 692 | 234 |
| VALE | PUT | SWEEP | BULLISH | 05/17/24 | $0.38 | $0.37 | $0.37 | $12.00 | $112.0K | 27.6K | 1.2K |
| VALE | CALL | TRADE | NEUTRAL | 06/21/24 | $11.1 | $11.0 | $11.05 | $1.00 | $110.5K | 692 | 468 |
About Vale
Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in energy transition metals, its base metals business, which is expected to become effective in 2024, and which is likely the first step in separating base metals and iron ore.
After a thorough review of the options trading surrounding Vale, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Vale Standing Right Now?
- With a trading volume of 30,057,962, the price of VALE is down by -0.25%, reaching $11.99.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 14 days from now.
What Analysts Are Saying About Vale
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $16.333333333333332.
- An analyst from JP Morgan persists with their Overweight rating on Vale, maintaining a target price of $20.
- An analyst from B of A Securities has revised its rating downward to Neutral, adjusting the price target to $13.
- An analyst from Deutsche Bank has decided to maintain their Hold rating on Vale, which currently sits at a price target of $16.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Vale, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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