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Jim Strugger's Nucor And US Steel Trade

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Speaking on Bloomberg Markets, Jim Strugger suggested that investors should consider a bullish options strategy in Nucor Corporation (NYSE: NUE) and United States Steel Corporation (NYSE: 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 (NYSE: NUE) for $1.15 and the August 25 call in United States Steel for $1.12.

 

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Posted-In: Bloomberg Markets Jim StruggerMedia Trading Ideas