A whale with a lot of money to spend has taken a noticeably bearish stance on Vale.
Looking at options history for Vale VALE we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $936,037 and 3, calls, for a total amount of $238,000.
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 $13.0 to $25.0 for Vale over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Vale options trades today is 17138.57 with a total volume of 8,997.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Vale's big money trades within a strike price range of $13.0 to $25.0 over the last 30 days.
Vale Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VALE | PUT | TRADE | BULLISH | 01/17/25 | $15.00 | $390.0K | 2.9K | 1 |
| VALE | PUT | TRADE | BEARISH | 01/17/25 | $15.00 | $171.6K | 2.9K | 2.4K |
| VALE | PUT | TRADE | BULLISH | 12/15/23 | $13.00 | $117.0K | 3.0K | 1.0K |
| VALE | CALL | TRADE | BEARISH | 09/15/23 | $14.00 | $80.0K | 3.8K | 3.0K |
| VALE | CALL | TRADE | BEARISH | 09/15/23 | $14.00 | $80.0K | 3.8K | 2.0K |
Where Is Vale Standing Right Now?
- With a volume of 9,059,401, the price of VALE is down -1.69% at $13.68.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 34 days.
What The Experts Say On Vale:
- RBC Capital upgraded its action to Outperform with a price target of $15
- Morgan Stanley has decided to maintain their Overweight rating on Vale, which currently sits at a price target of $17.
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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