Vale Unusual Options Activity For June 29
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Vale (NYSE:VALE) as indicated by unusual options activity. The overall sentiment of these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $12.0 to $20.0 for Vale over the last 3 months. The price of VALE is currently up 1.2% at $13.49.
June 29, 2023 | 5:51 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Vale. The sentiment of big-money traders is 80% bearish and 20% bullish.
The unusual options activity, with a significant bearish sentiment, indicates that there may be a negative price movement for Vale in the short term. This is further supported by the fact that the price of VALE is currently up, which may indicate a potential correction in the near future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100