February 22, 2019 08:20 PM RSS

Options Action For Tuesday, October 2nd Sees Action in VALE, PBR and VIX

  • Wall Street Rebel | Geoff Garbacz
  • 10/03/2018 8:50 AM
Options Action For Tuesday, October 2nd Sees Action in VALE, PBR and VIX
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.

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