NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a
new 3-month call volume record. A total of 8,616 put and 32,486 calls were traded where call
contracts outnumbered puts 3.8:1, yielding a 0.27 ratio.
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The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation
of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a
stock move is imminent.
VALE is trading below the 50 day moving average and lower
than the 200 day moving average. Shares of Vale S.A. closed at $18.06, down $0.25 (1.37%)
in the last trading session. Today's volume of 25M shares is greater than the
average volume of 20M shares.
The Company is a producer of iron ore, iron ore pellets, nickel, kaolin, manganese ore, ferroalloys, bauxite, alumina, aluminum, copper, coal, cobalt, precious metals, potash and other products. It operates logistics systems in Brazil.