Steel Dynamics put volume heavy and directionally bearish (TheFlyOnTheWall)
FLY ON THE WALL 11:56 AM ET 2/23/2017
Symbol Last Price Change
STLD 35.87up -1.5 (-4.01%)
QUOTES AS OF 12:13:03 PM ET 02/23/2017
Bearish flow noted in Steel Dynamics(STLD) with 2,915 puts trading, or 8x expected. Most active are Mar-17 33 puts and Mar-17 34 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 9.95, while ATM IV is up nearly 4 points on the day. Earnings are expected on April 19th.