Pre-earnings options volume in Steel Dynamics is 1.4x normal with puts leading calls 7:5. Implied volatility suggests the market is anticipating a move near 3.2%, or $4.19, after results are released. Median move over the past eight quarters is 4.0%.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STLD: