Vale Unusual Options Activity For July 13
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Vale (NYSE:VALE), with a majority of investors taking a bearish stance. Of the 12 strange trades detected, 58% were bearish and 41% bullish. The total amount for puts was $2,236,720 and for calls, $265,112. Whales have been targeting a price range from $13.0 to $17.0 for Vale over the last 3 months. The price of VALE is currently up 2.87% at $14.33.
July 13, 2023 | 6:34 pm
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Unusual options activity detected for Vale. Majority of investors bearish. Total amount for puts: $2,236,720, for calls: $265,112.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential decrease in the stock price of Vale in the short term. The total amount for puts significantly outweighs that for calls, further supporting this prediction.
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