Notable Call Options Activity in Steel Dynamics

Shares of Steel Dynamics STLD are lower on the session by 3.29%, currently trading at $14.98. The stock has been moving largely higher over the past two weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the May 2012 $18.00 call, which has traded 2,500 times on open interest of 765 contracts. Calls are outpacing puts today by 24 to 1. Steel Dynamics, Inc. is a steel producer and metals recycler in the United States. The company operates in three segments: steel operations, metals recycling and ferrous resources operations, and steel fabrication operations.