22751 MT Dec 7/8 call spreads went up in 2 blocks on the CBOE marked spread.?

MT

Shares of ArcelorMittal SA (MT) are down .12 to 7.49 today.? MT is near the top of the 52 week range.

  • Paper traded 22751 MT Dec 7/8 call spreads for .48.?
  • The ADV is 4861.?
  • The OI is 30112 and 2607 contracts.

The volume went up in 2 blocks on the CBOE marked spread.? The trader looks like they are selling the Dec 7 call and rolling up to the Dec 8 calls.? The 8 calls priced through the offer and with the recent run in MT they are taking the money and running.

  • IV 30 is trading for 45%.?
  • HV10 is trading for 46%.?
  • IV 30 is above the HV 10.

ArcelorMittal S.A. (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.