NEW YORK (AVAFIN) -- Vale S.A. options established a new 90-day record for traded call and put contracts. A total of 43,424
put and 12,786 call contracts were traded raising a 3.40 put/call ratio on shares of VALE
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Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
Shares of Vale S.A. settled at $24.74, down $0.94 (3.66%) in the last trading session.
The shares of the stock had an intraday low of $24.60 and high of $25.29. Within the last quarter, the shares have gained 6.82% of their value.
The stock's 52 week low is $20.46 and 52 week high is $34.74.