Vale S.A. (VALE)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 18:45 UTC · Figures derived from the full chain (652 contracts, 14 expirations) · IV own-history percentile appears after 60 recorded days (28 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±9.2% (range 11.92–14.33) by Nov 20, 2026. ATM straddle: 1.21 @ strike 13 · ATM IV: 38.7%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 11.81 | -10% | 80.7% | 19.3% |
| 12.47 | -5% | 65.2% | 34.8% |
| 13.12 | -0% | 47.9% | 52.1% |
| 13.78 | +5% | 31.5% | 68.5% |
| 14.44 | +10% | 18.6% | 81.4% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±3.5% | 40.4% | 11.4K |
| Oct 30, 2026 | 11 | ±6.7% | 47.9% | 9,737 |
| Nov 06, 2026 | 18 | ±7.5% | 42.0% | 2,779 |
| Nov 13, 2026 | 25 | ±8.3% | 39.7% | 1,796 |
| Nov 20, 2026 | 32 | ±9.2% | 38.7% | 179.0K |
| Nov 27, 2026 | 39 | ±9.8% | 37.6% | 220 |
| Dec 18, 2026 | 60 | ±11.7% | 36.4% | 378.3K |
| Jan 15, 2027 | 88 | ±13.4% | 34.5% | 720.4K |
| Mar 19, 2027 | 151 | ±18.0% | 35.9% | 52.9K |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 18 C · 92.2K13 P · 79.4K8 P · 52.4K12 P · 49.4K16 C · 42.1K
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 93 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 45.2% of the time.
Past earnings reactions
Avg |reaction| 3.5% · median 3.3% (20 reports). Two-session close-to-close window; definition
About Vale S.A.
Operating globally and within Brazil, Vale S.A. is a major producer and seller of essential raw materials, including iron ore, iron ore pellets, nickel, and copper. Its operations are organized into two primary segments. The Iron Solutions segment is dedicated to the extraction and production of iron ore, pellets, and various other ferrous products, also providing crucial logistics services. Meanwhile, the Energy Transition Materials segment specializes in mining nickel, along with its valuable by-products such as gold, silver, cobalt, and other precious metals. This segment also handles copper, primarily used in construction for piping and electrical cables. Established in 1942, the company was formerly known as Companhia Vale do Rio Doce before officially rebranding as Vale S.A. in May 2009. Vale S.A. is headquartered in Rio De Janeiro, Brazil.
Basic Materials · Industrial Materials · NYSE · Profile: Financial Modeling Prep
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