Triple Play Income Trade Alert: VALE

Dear Triple Play Income Member,

Our inflation beneficiary positions have been on a wild ride this week. CF Industries (CF) gapped up to $100 and back down to $87 and back up to $97. Our 81 put is still well out of the money.

Rio Tinto (RIO) sold off today, as expected, trading ex-dividend of 4.71 which we earned by owning the stock.

Vale SA (VALE) also traded ex-dividend but is bouncing back stronger so we can sell a covered call today since we bought the stock at around 20.58.

Vale S.A (VALE): 19.19

ACTION: Sell to open VALE 25 Mar 21 call for around 0.20 or a 1% return.


David Durham

Triple Play Income

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