Vale call volume above normal and directionally bullish

Bullish option flow detected in Vale with 13,657 calls trading, 1.3x expected, and implied vol increasing over 7 points to 25.54%. Jul-24 14 calls and Jun-24 13 calls are the most active options, with total volume in those strikes near 7,600 contracts. The Put/Call Ratio is 0.29. Earnings are expected on July 25th.