Notable Call Options Activity in Companhia Siderurgica Nacional
By Michael J. Zerinskas
August 31, 2011 2:47 PM
August 31, 2011 2:47 PM
Shares of Companhia Siderurgica Nacional (NYSE: SID) are lower on the session by 0.55%, currently trading at $9.88. 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 January 2013 $12.50 call traded 1,200 times on open interest of 1,073 contracts.
Calls are outpacing puts today by 4 to 1.
Companhia Siderurgica Nacional is an integrated steel producer in Brazil and Latin America. The company focuses on mining, steel production, logistics, cement and energy.
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