VALE Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $13.74 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.98

809k P / 825k C

Put/Call (Volume)

1.14

17k P / 15k C that session

30d ATM IV

44%

annualized implied move

Call wall

$17

160k contracts

Put wall

$10

195k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $17 (160k contracts), 24% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $10 (195k contracts), 27% below spot — the hedge floor; often acts as support.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	13k	13k	0.96	9k
2026-10-16	32k	22k	0.68	5k
2026-10-23	2k	4k	1.63	167
2026-10-30	3k	4k	1.38	1k
2026-11-06	274	1k	3.95	123
2026-11-13	2	5	2.50	32
2026-11-20	133k	30k	0.22	10k
2026-12-18	130k	232k	1.79	4k
2027-01-15	359k	331k	0.92	377
2027-03-19	25k	21k	0.83	840
2027-06-17	7k	37k	5.65	541
2027-09-17	477	2k	3.52	27
2027-12-17	20k	21k	1.05	6
2028-01-21	95k	90k	0.95	76
2029-01-19	598	78	0.13	105

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.