3500 MT Oct 6 calls over Nov 7 calls went up in two blocks on the ARCA marked spread.?
Shares of the Arcelor Mittal SA (MT) are up .33 to 6.71 today. ?MT is near the lower end of the 52 week range.
- Paper traded 3500 MT Oct 6 calls over Nov 7 call for .35.
- The ADV is 5371 contracts.? ?
- The open interest is 5409 in Oct and 6344 in Nov.
The volume went up in two blocks on the ARCA marked spread.? The trade as marked looks like a close of the Oct 6 calls for .04 over parity and a sale of the Nov 7s into earnings.? The spread is consistent with a rolling buy writer especially since MT rallied 18% from recent lows.
- IV 30 is trading for 58%.?
- HV10 is trading for 67%.?
- IV 30 is below 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.