Vale call volume above normal and directionally bullish

Bullish option flow detected in Vale (VALE) with 67,990 calls trading, 5x expected, and implied vol increasing almost 3 points to 27.60%. Dec-25 11 calls and 7/3 weekly 9.5 calls are the most active options, with total volume in those strikes near 39,600 contracts. The Put/Call Ratio is 0.33. Earnings are expected on July 31st.