BUY VALE / 10/6/23 13.5 CALLS
Vale the mining conglomerate is down over 3% today as Iron ore weakens on fears of Chinese economic slowdown, so we see weak-handed fund managers issuing a Burn Notice on the stock. Of course, China is almost nightly announcing new stimulus measures which would support the stock to bounce overnight, a technical bounce here after a nearly 10% correction over a weeks trading. I also like the $13 level for support. 1 Star trade last half hour