Companhia Vale Do Rio Doce (NASDAQ:VALE) Extremely Active March Puts

By George Zabel
October 30, 2009 10:55 AM

Symbols: VALE

Posted in: Options, Markets, Analyst Ratings, Movers

Companhia Vale Do Rio Doce (VALE) March Puts are extremely active today. The contracts strike price is $26 (as is the underlying today) and volume stands at 10237.

Technically the stock has had positive news and a very strong uptrend said to continue. (VALE) is well expected to maintain this momentum and March Put activity indicates serious portfolio hedging taking place. An expectation of longer term gains on (VALE)!

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Companhia Vale Do Rio Doce (NASDAQ:VALE) Extremely Active March Puts

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