Deep-pocketed investors have adopted a bearish approach towards Vale VALE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in VALE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Vale. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 15% leaning bullish and 84% bearish. Among these notable options, 6 are puts, totaling $351,555, and 7 are calls, amounting to $396,294.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1.0 to $14.0 for Vale during the past quarter.
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 $14.0 in the last 30 days.
Vale 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VALE | PUT | SWEEP | BEARISH | 06/21/24 | $12.00 | $106.6K | 32.4K | 0 |
| VALE | CALL | TRADE | BEARISH | 04/19/24 | $1.00 | $63.2K | 130 | 235 |
| VALE | CALL | TRADE | BEARISH | 04/19/24 | $1.00 | $63.1K | 130 | 50 |
| VALE | CALL | TRADE | BEARISH | 04/19/24 | $1.00 | $63.1K | 130 | 50 |
| VALE | CALL | TRADE | BEARISH | 03/15/24 | $13.00 | $59.1K | 4.9K | 691 |
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
Vale's Current Market Status
- Currently trading with a volume of 14,209,188, the VALE's price is up by 0.98%, now at $13.36.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 6 days.
Professional Analyst Ratings for Vale
In the last month, 1 experts released ratings on this stock with an average target price of $19.0.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $19.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
