Vale Options Bulls Continue to Charge as Shares Slumber
Today’s tickers: VALE, AMZN, TAP, FDO, SYMC, MON, MFA & TLB VALE - Option traders set up long-term bullish trades across several contracts on the world’s largest iron-ore producer. Shares edged 0.25% lower this afternoon to $23.82 despite the upgrade to ‘buy’ from ‘neutral’ and the increase in target price to $31.00 from $25.00, at Goldman Sachs Group, Inc. One investor reeled in profits by closing out an existing short put position. He originally sold 6,500 puts at the March 23 stri