[VALE] update

I added to my position of VALE Jan 20 2017 $15 calls today at 13 cents.  Just another 25 contracts for a total of 50 at this time.  I will probably bump this to 100 for a "full" position of these over the coming weeks.  It's a small investment with a long time frame for a volatile stock.  Frankly I'm a bit shocked at how cheaply these are being sold.  As recently as May 1 VALE was $9.  Nickel will eventually catch a bid just like oil.  It's possible that we are still working on 5 of 5 of 5 which is why I have chosen to cost average into the position here.