Notable Call Options Activity in Steel Dynamics
Shares of Steel Dynamics (NASDAQ: STLD) are higher on the session by 3.55%, currently trading at $10.50. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are focusing on calls today. A short while ago the November 2011 $10.00 call traded 2,000 times on open interest of 304 contracts. Small lots are also active in November.
Calls are outpacing puts today by 5.7 to 1.
Steel Dynamics, Inc. is a steel producer and metals recycler in the United States. The primary sources of the company's revenues are from the manufacture and sale of steel products; processing and sale of recycled ferrous and nonferrous metals, and to a lesser degree, fabrication and sale of steel joist and decking products.
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