NEW YORK (AVAFIN) -- Trading of Steel Dynamics options resulted in establishing a new 90-day call volume record, where 5,182 call
contracts exchanged hands between the buyers and the sellers. A total of 5,140 put and 5,182
call contracts was traded raising a 0.99 put/call ratio on shares of STLD
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Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
STLD is trading above the 50 day moving average and higher than
the 200 day moving average. Steel Dynamics opened at $15.46 and the stock price rose $0.04 (+0.26%)
to $15.49 during the market session. STLD is trading between the range of $15.43 - $15.75.
Performance indicators show that the stock has gained 23.90% within the last quarter.