We recently took a long call position in Arcelor Mittal (NYSE:MT) in the POWR Options program on November 24. MT stock was nearing major support at $29 at the time and was in deeply oversold territory. It also carried an A-Strong Buy-POWR Rating as well as a high ranking within the A Rated Steel industry.
The trade worked out well and it was closed for a nearly 32% profit 20 days later as MT stock rose $2.10 (7.2%) as shown in the table below. It also highlights the power of POWR Options as the option gain was more than 4 times that of the stock gain.
