6000 VALE Jan 2016 5 calls went up in 1 block on the PHLX marked buywrite. ?
Shares of Vale SA (VALE) are down .02 to 4.69 today. VALE is near the lower end of the 52 week range.
- Paper traded 6000 VALE Jan 2016 5 calls for .46.
- The ADV is 39226 contracts.?
- The OI is 28309 contracts.
The volume went up in 1 block on the PHLX marked buywrite. ?258k shares of VALE went up for 4.65 and the options were priced on the offer.? The IV is up slightly so it is most likely the trader is putting on call backspread with stock looking for a big move through Jan 2016.
- IV 30 is trading 71%.?
- HV10 is trading for 96%.
- IV 30 is trading below the HV 10.
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.