Vale Shares Rise 1.16% to $16.95
Bullish flow in Vale (VALE), with shares up 20c, or 1.16%, near $16.95. Options volume running well above average with 86k contracts traded and calls leading puts for a put/call ratio of 0.87, compared to a typical level near 0.61. Implied volatility (IV30) is higher by 2.5 points near 36.66, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.39. Put-call skew flattened, suggesting a modestly bullish tone.
