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
Posted under Futures Trading Systems by Content Keyword RSS on Wednesday 7 October 2009 at 3:48 pm