Notable Put Options Activity in Mechel OAO

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Shares of Mechel OAO (NYSE: MTL) are higher on the session by 0.39%, currently trading at $10.18. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $9.00 put, which has traded 1,000 times on open interest of 1,873 contracts. Put volume is outpacing call volume by 21 to 1. Mechel OAO is a Russia-based integrated mining and steel company. The company focuses on the production of mining products, such as coal, iron ore, nickel, and steel products.

20-Year Pro Trader Reveals His "MoneyLine"

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