Shares of Mechel Open Joint Stock Company (MTL) are trading up .04 to 5.30.? MTL is trading near the bottom of the 52-week range.
Today paper traded 20,000 MTL May 5 puts for 0.35.? The average contract volume is over 998 contracts per day in the name.? Open interest in the contract is 0.
The trades went up on the bid which looks like a put sale. The May volatility is down 1.6 points with earnings next week.
30-day implied volatility is 52%.? 10-day implied volatility is 72%.? 30-day implied volatility is trading below the 10-day historical volatility.
Mechel OAO is a Russia-based integrated mining and steel company.