Investors with a lot of money to spend have taken a bearish stance on Vale VALE.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with VALE, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Vale.
This isn't normal.
The overall sentiment of these big-money traders is split between 16% bullish and 75%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $32,000, and 11, calls, for a total amount of $713,804.
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 $10.0 to $14.0 for Vale during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $10.0 to $14.0 in the last 30 days.
Vale 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VALE | CALL | SWEEP | BEARISH | 06/21/24 | $0.44 | $0.42 | $0.42 | $13.00 | $126.0K | 25.0K | 3.2K |
| VALE | CALL | SWEEP | BEARISH | 06/21/24 | $1.13 | $1.09 | $1.09 | $12.00 | $108.2K | 21.2K | 1.0K |
| VALE | CALL | TRADE | BULLISH | 01/17/25 | $3.15 | $3.1 | $3.15 | $10.00 | $78.7K | 12.2K | 290 |
| VALE | CALL | SWEEP | BEARISH | 06/21/24 | $1.1 | $0.71 | $1.07 | $12.00 | $73.1K | 21.2K | 2.0K |
| VALE | CALL | SWEEP | BEARISH | 06/21/24 | $1.1 | $1.05 | $1.05 | $12.00 | $67.2K | 21.2K | 4.6K |
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
- Trading volume stands at 20,698,763, with VALE's price up by 0.91%, positioned at $12.71.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 79 days.
Professional Analyst Ratings for Vale
In the last month, 4 experts released ratings on this stock with an average target price of $16.25.
- An analyst from Barclays persists with their Overweight rating on Vale, maintaining a target price of $17.
- An analyst from B of A Securities downgraded its action to Neutral with a price target of $13.
- An analyst from UBS upgraded its action to Buy with a price target of $15.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Vale, targeting a price of $20.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Vale options trades with real-time alerts from Benzinga Pro.
© 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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