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Vale call volume above normal and directionally bullish

Bullish option flow detected in Vale with 32,766 calls trading, 1.2x expected, and implied vol increasing over 1 point to 36.51%. Oct-23 14 calls and Dec-23 12 puts are the most active options, with total volume in those strikes near 22,000 contracts. The Put/Call Ratio is 0.34. Earnings are expected on October 26th.

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