Business | 2009.08.26
Schaeffer's Option Blog: ArcelorMittal (MT) Seduces Out-of-the-Money Call Speculators
CINCINNATI--(BUSINESS WIRE)--Bullish option bettors blitzed ArcelorMittal (NYSE: MT) on Monday, after reports that the company is restarting production at its blast furnaces across the globe. More specifically, the security saw nearly 10,000 calls cross the tape, nearly tripling its average daily volume of fewer than 3,900 contracts. Most popular was the out-of-the-money September 37.50 call, which saw roughly 6,900 contracts change hands. The majority of yesterday\'s volume translated into new p
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