Unusual Options Activity Suggests the Smart Money Is Bullish About Rio Tinto Stock Despite Glencore Deal Collapse

“‘It is possible that the two companies re-engage at some point in the future, but that is not our base case,’ Jefferies analyst Christopher LaFemina said in an emailed note. ‘Rio likely goes it alone,’” Bloomberg reported the analyst’s comments.According to Bloomberg, UK rules now prevent Rio Tinto from pursuing an acquisition of Glencore for at least six months. For the time being, the matter is closed.Until yesterday’s 10 a.m. announcement that Rio Tinto would not be making a formal offer for Glencore, i ...