Here is a summary of key options movers from Monday's close. Several names interested us.
Options volume was led by Vale S.A. (VALE) calls that saw 43,539 of the January 16 Calls trade. This stock closed at $15.62 and looks strong technically.
VIX call action at the $16 level or February 13th expiration as 31,080 traded. Clearly someone sees some weakness ahead.
Petroleo Brasilerio (PBR) which rose 8.94% yesterday and is now above $13 at $13.16 saw December $13 Calls trade 27,204 calls. Last week the company settled a bribery charge and with the price of Crude Oil rising this may be an interesting play.
We noted yesterday that calls were active on Monday as well and those call buyers had a nice gain.