Vale call volume above normal and directionally bullish

Bullish option flow detected in Vale with 17,422 calls trading, 1.8x expected, and implied vol increasing almost 8 points to 29.15%. Jul-24 11.5 calls and Dec-24 8 puts are the most active options, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 0.36. Earnings are expected on July 25th.