20000 VALE Mar 3 puts went up in 1 block on the PHLX.?
Shares of Vales SA (VALE) are down .22 to 3.50 today.? VALE is at the lower end of the 52 week range.
- Paper traded 20000 VALE Mar 3 puts for .04.
- ADV is 25k contracts.
- The OI is over 103k contracts.
The trade went up in 1 block on the PHLX.? This trader appears to be closing an open short put position.? VALE is starting to test the mid-$3 range again and this trade wants to take the win and run.? Look for 80000 more to trade if this is the case.
- IV30 is 86%
- HV10 is 134%??
- The Implied volatility is trading at a discount to the realized volatility currently.
Vale S.A. (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company also produces manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals (PGMs), gold, silver, cobalt, potash, phosphates and other fertilizer nutrients.