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 16 trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $1,183,000 and 14, calls, for a total amount of $844,688.
What's The Price Target?
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 $14.0 for Vale over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Vale's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Vale's whale trades within a strike price range from $1.0 to $14.0 in the last 30 days.
Vale Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VALE | PUT | TRADE | NEUTRAL | 01/16/26 | $1.89 | $1.75 | $1.82 | $12.00 | $728.0K | 28.7K | 3 |
| VALE | PUT | TRADE | NEUTRAL | 01/16/26 | $1.89 | $1.73 | $1.82 | $12.00 | $455.0K | 28.7K | 6.5K |
| VALE | CALL | TRADE | BEARISH | 06/21/24 | $0.21 | $0.2 | $0.2 | $14.00 | $199.9K | 14.9K | 10.0K |
| VALE | CALL | TRADE | BULLISH | 06/21/24 | $11.5 | $11.45 | $11.49 | $1.00 | $57.4K | 0 | 480 |
| VALE | CALL | TRADE | BULLISH | 06/21/24 | $11.5 | $11.45 | $11.49 | $1.00 | $57.4K | 0 | 380 |
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.
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
Vale's Current Market Status
- With a volume of 37,682,285, the price of VALE is up 2.2% at $12.06.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 16 days.
Professional Analyst Ratings for Vale
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $16.0.
- 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.
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