Aug. 13 at 1:01 AM
$VALE saw some action today with a cluster of mid-September
$15 call sweeps after a rough 5-day slide
We're talking about 10,968 contracts at around
$278K
It's all 100% of today's flow, swept at the ask, just 4% OTM
Pretty concentrated but without any big news or catalysts, it feels more like tentative bullish positioning than a strong signal
VALE’s been down 3% over the last week, only up 0.7% today
This call buying is going against the trend
No unusual tags here, so maybe play it safe and wait for a clearer trend reversal or more confirming flow before diving in heavy
Keep an eye on that