Bearish flow noted in ArcelorMittal (MT) with 1,746 puts trading, or 1.5x expected. Most active are May-25 27 puts and Jun-25 28 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 2.13, while ATM IV is up nearly 3 points on the day. Earnings are expected on May 2nd.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MT:
- Wingstop initiated, CarMax upgraded: Wall Street’s top analyst calls
- Jefferies downgrades ArcelorMittal after share outperformance
- ArcelorMittal downgraded to Hold from Buy at Jefferies
- Any negative Hyundai steel impact would fall most on Cleveland-Cliffs, says Citi
- Trump Trade: Reciprocal tariffs still to start on April 2