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Calls and Puts Trade in MT – Bullish Combinations Trade
Shares of ArcelorMittal SA (MT) are down .22 to 5.85 today.? MT is near the bottom of the 52 week range.
- Paper traded 500 MT Nov 7 calls over Nov5 puts for a .01 credit
- The ADV is 4767 contracts.?
- The OI is less than 200 contracts.
The volume went up in 2 blocks on the ISE market straddle.? This trade is part of? 5000 risk reversals that went up in MT.? The trade as priced looks like buying Nov 7 calls and selling Nov 5 puts with the idea of scooping multiyear lows in MT.
- IV 30 is trading for 56%.?
- HV10 is trading for 39%.?
- IV 30 is trading above the HV 10.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is a steel and mining company, which operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.