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 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $182,096 and 2, calls, for a total amount of $118,121.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $11.0 to $17.0 for Vale during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Vale stands at 16963.8, with a total volume reaching 11,279.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Vale, situated within the strike price corridor from $11.0 to $17.0, throughout the last 30 days.
Vale Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VALE | CALL | TRADE | BEARISH | 04/19/24 | $12.00 | $68.1K | 551 | 841 |
| VALE | CALL | TRADE | BULLISH | 04/19/24 | $14.00 | $50.0K | 22.1K | 5.0K |
| VALE | PUT | SWEEP | BULLISH | 03/15/24 | $17.00 | $44.0K | 33.8K | 100 |
| VALE | PUT | TRADE | BEARISH | 03/15/24 | $14.00 | $28.8K | 28.3K | 629 |
| VALE | PUT | TRADE | BEARISH | 03/15/24 | $14.00 | $28.2K | 28.3K | 460 |
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.
In light of the recent options history for Vale, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Vale
- Trading volume stands at 21,680,531, with VALE's price down by -2.73%, positioned at $12.83.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 44 days.
What The Experts Say On Vale
In the last month, 2 experts released ratings on this stock with an average target price of $18.75.
- An analyst from RBC Capital persists with their Outperform rating on Vale, maintaining a target price of $18.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $19.
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.
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