STLD rose above prior week high in a bullish pullback pattern with higher than average volume at this point. Entered a May 18, 2018 36 call position for a 6 week trade before its earning announcement around middle of January, 20018.
The stock has no weekly options. The call option Delta was 0.64 and the spread of the bid/ask price is around 10%. The material section XLB was performing OK recently compared to SPX.
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