ArcelorMittal Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on ArcelorMittal MT.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with MT, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 13 uncommon options trades for ArcelorMittal.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $160,700, and 11 are calls, for a total amount of $504,763.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $28.0 to $35.0 for ArcelorMittal over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for ArcelorMittal options trades today is 1790.8 with a total volume of 17,017.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for ArcelorMittal's big money trades within a strike price range of $28.0 to $35.0 over the last 30 days.

ArcelorMittal Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:


Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MT CALL SWEEP BULLISH 01/19/24 $35.00 $94.1K 1.8K 133
MT PUT SWEEP BEARISH 01/19/24 $28.00 $86.7K 1.3K 289
MT PUT TRADE BULLISH 01/19/24 $30.00 $74.0K 3.3K 200
MT CALL SWEEP BULLISH 02/17/23 $32.00 $52.5K 1.3K 2.4K
MT CALL SWEEP BEARISH 06/16/23 $33.00 $47.7K 1.0K 1.9K

Where Is ArcelorMittal Standing Right Now?

  • With a volume of 1,058,706, the price of MT is down -0.06% at $30.92.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 8 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for ArcelorMittal, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!