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 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $139,404 and 7, calls, for a total amount of $870,269.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $16.0 for Vale during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Vale's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Vale's substantial trades, within a strike price spectrum from $5.0 to $16.0 over the preceding 30 days.
Vale 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VALE | CALL | SWEEP | BULLISH | 01/26/24 | $5.00 | $410.5K | 680 | 430 |
| VALE | CALL | SWEEP | BULLISH | 01/19/24 | $5.00 | $319.7K | 345 | 0 |
| VALE | PUT | SWEEP | BEARISH | 06/21/24 | $12.00 | $46.2K | 16.6K | 53 |
| VALE | PUT | TRADE | BEARISH | 04/19/24 | $16.00 | $31.3K | 7.2K | 141 |
| VALE | PUT | SWEEP | BULLISH | 01/16/26 | $12.00 | $31.1K | 737 | 0 |
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 its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.
Having examined the options trading patterns of Vale, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Vale
- Trading volume stands at 11,944,601, with VALE's price down by -1.76%, positioned at $14.51.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 30 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Vale with Benzinga Pro for real-time 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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