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 trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, 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 8 options trades for Vale.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 87%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $352,968, and there was 1 call, for a total amount of $44,836.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.0 to $12.0 for Vale over the recent three months.
Volume & Open Interest Trends
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 $12.0 in the last 30 days.
Vale Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VALE | PUT | TRADE | BEARISH | 08/16/24 | $1.06 | $1.01 | $1.06 | $12.00 | $79.2K | 7.0K | 294 |
| VALE | PUT | SWEEP | BEARISH | 01/16/26 | $2.38 | $2.32 | $2.38 | $12.00 | $67.8K | 61.4K | 325 |
| VALE | PUT | TRADE | BEARISH | 01/17/25 | $0.3 | $0.24 | $0.28 | $9.00 | $56.0K | 692 | 0 |
| VALE | PUT | SWEEP | BULLISH | 09/20/24 | $0.6 | $0.59 | $0.59 | $11.00 | $50.1K | 13.2K | 25 |
| VALE | CALL | TRADE | BEARISH | 07/19/24 | $10.45 | $10.15 | $10.19 | $1.00 | $44.8K | 466 | 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 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.
Following our analysis of the options activities associated with Vale, we pivot to a closer look at the company's own performance.
Current Position of Vale
- Trading volume stands at 14,768,557, with VALE's price down by -0.18%, positioned at $11.14.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 37 days.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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