5750 VALE Mar17 11 calls and Feb17 8 puts went up in 2 blocks on the ARCA marked spread.?
Shares of Vale SA (VALE) are up .06 to 9.64 today.? VALE is near the top of the 52 week range.
- Paper traded 5750 VALE Mar17 11 calls and Feb17 8 puts for .32 and .12.?
- The ADV is 41k contracts per day.?
- The OI is 4947 and 8063 contracts.
The volume went up in 2 blocks on the ARCA marked spread.? The puts are opening with a line in the sand type sale and the calls were buying so the customer is looking for a lot more upside in VALE shares over the next few months.? It appears they are ready to take deliver at $8.
- IV 30 is trading 53%.?
- HV10 is trading for 60%.?
- IV 30 is trading below the HV 10.
Vale S.A. (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company’s segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others.