Call Options on VALE on 3/8/2021

Vale S.A. (VALE), together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally.

The company operates through Ferrous Minerals, Base Metals, and Coal segments.

The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

The Base Metals segment produces and extracts nickel and its by-products, such as copper, gold, silver, cobalt, precious metals, and others.

The Coal segment is involved in the extraction of metallurgical and thermal coal; and provides related logistic services. It also offers platinum group metals.

The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009.

As one of the largest iron ore miners in the industry, the stock has reached a new, strong buy point as commodities have jumped.

We will be trading Call Options on April 1st.

Last Trade: $17.74

Trading Range: $6.49 - $19.00

Trade Buy 1 April $17.00 Call at $1.30 For a net debit of $1.30 Profit/Loss Analysis Breakeven at $18.30 Maximum profit is unbounded Maximum loss is ($130.00) at strike of $17.00 Closing Summary Sold 1 April $17.00 Call at $0.15

Position closed on 4/1/2021 at price of $0.15 with a -88.46% loss in 24 days.

Updates

4/1/2021 12:23:30 PM

VALE Call closed at $0.15

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