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Vale call volume above normal and directionally bullish

Bullish option flow detected in Vale with 18,148 calls trading, 3x expected, and implied vol increasing almost 2 points to 36.71%. Nov-24 12 calls and Oct-24 11 puts are the most active options, with total volume in those strikes near 20,100 contracts. The Put/Call Ratio is 0.34. Earnings are expected on October 24th.

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