Vale Unusual Options Activity

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 11 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, 6 are puts, for a total amount of $400,823 and 5, calls, for a total amount of $240,990.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $15.0 for Vale, spanning the last three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Vale's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Vale's substantial trades, within a strike price spectrum from $10.0 to $15.0 over the preceding 30 days.

Vale Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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 its base metals business, which is expected to become effective early 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

Current Position of Vale

• With a volume of 17,892,899, the price of VALE is up 3.59% at $14.99.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 93 days.

What Analysts Are Saying About Vale

1 market experts have recently issued ratings for this stock, with a consensus target price of $15.0.

• Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Vale with a target price of $15.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Vale with Benzinga Pro for real-time alerts.