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Vale call volume above normal and directionally bullish

Bullish option flow detected in Vale (VALE) with 22,469 calls trading, 4x expected, and implied vol increasing over 1 point to 39.61%. 3/27 weekly 15.5 calls and 4/2 weekly 15.5 calls are the most active options, with total volume in those strikes near 14,500 contracts. The Put/Call Ratio is 0.32. Earnings are expected on April 23rd.

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