Shares of Steel Dynamics, Inc (STLD) are down .02 to 16.82 today.? STLD is near the middle of the 52 week range.
Today paper traded 984 STLD May 19/20 call spreads for .18.? ADV is 829 contracts.? The OI is 109/110 contracts.
The volume traded in two blocks.? There is subsequent volume on the spread and on balance it looks like a buy to open type call spreads.? The volume is marked spread and is over 2000 contracts as of this writing. The trade looks bullish as STLD is trading off just after earnings.
30-day implied volatility is 28%.?? 10-day implied volatility is 27%.? 30 day implied volatility is trading above the 10-day historical volatility.