Jim Strugger's Nucor And US Steel Trade

Speaking on Bloomberg Markets, Jim Strugger suggested that investors should consider a bullish options strategy in Nucor Corporation NUE and United States Steel Corporation X.

He said that the steel stocks traded higher on the news that President Trump may introduce tariffs and quotas for foreign steel. To make a bullish bet, Strugger wants to buy the August 62.50 call in Nucor Corporation NUE for $1.15 and the August 25 call in United States Steel for $1.12.