This Is What Whales Are Betting On Vale
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Vale (NYSE:VALE), as observed in publicly available options history. Benzinga's options scanner spotted 11 options trades for Vale, with 10 being puts and 1 call. The overall sentiment of these big-money traders is 36% bullish and 63% bearish. The targeted price range for Vale over the last 3 months is from $10.0 to $15.0.
August 25, 2023 | 3:31 pm
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A large bearish position has been taken on Vale, indicating potential downward pressure on the stock in the short term.
The large bearish position taken on Vale, as well as the overall bearish sentiment among big-money traders, suggests that these investors expect the stock price to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100