From Steve Smith. Steelmaker Mittal (MT) shares are flat at $39.80 option volume 3x daily average with notable trade in the Oct. $44 calls in which 7,400 contracts sold at the 60c bid. The strike has now traded more than 15,000 contracts against prior open interest of just 151 with the rest of the volume being a more two-sided trade.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.