Bullish option flow detected in ArcelorMittal with 1,293 calls trading, 3x expected, and implied vol increasing almost 2 points to 36.35%. May-23 30 calls and 4/28 weekly 29 calls are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.27. Earnings are expected on May 4th.
Published first on TheFly
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