In Monday’s Blitz Daily, we’ll take a look at steel manufacturer ArcelorMittal as buying activity heats up amid Evergrande’s collapse in China.
If you remember from this past week, we saw some big puts on this company in the Daily Profits War Room. ArcelorMittal has been trending lower recently. Ore prices are down, partially due to the troubles with Evergrande and fears that the country will cut steel production. And we saw some big buyers coming in for that dip.
And I have two more trades seeing awesome institutional activity. So “steel” yourself for these opportunities…
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