Steel Dynamics Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Steel Dynamics.

Looking at options history for Steel Dynamics STLD we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $101,550 and 7, calls, for a total amount of $267,970.

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 $90.0 to $135.0 for Steel Dynamics over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Steel Dynamics's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Steel Dynamics's whale activity within a strike price range from $90.0 to $135.0 in the last 30 days.

Steel Dynamics Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Steel Dynamics Standing Right Now?

• With a volume of 1,818,515, the price of STLD is up 3.72% at $105.54.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 34 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 Steel Dynamics, Benzinga Pro gives you real-time options trades alerts.