Vale put volume heavy and directionally bearish
The Fly

Vale put volume heavy and directionally bearish

Bearish flow noted in Vale with 17,064 puts trading, or 3x expected. Most active are May-24 11 puts and Jan-25 15 puts, with total volume in those strikes near 9,200 contracts. The Put/Call Ratio is 1.60, while ATM IV is up over 2 points on the day. Earnings are expected on April 24th.

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