Selling MT puts for income.
A global shortage of natural resources is driving commodity prices higher. As a resource miner and steel manufacturer, Arcelor Mittal (MT) is a direct beneficiary. The stock is trading higher as Wall Street adjusts to higher profit expectations.
- Sell (to open) 2 MT November 19th $32 puts
- Limit: $1.10 or more
- The new position will represent roughly 7.3% of our model.
- 14:12 Executed
- Sold 2 MT Nov 19th $32 Puts @ $1.12