Brian Stutland, contributor to CNBC’s Options Action shown on Fridays, talks about his play on the next possible take over target: US steel. Specifically, Brian recommends to buy the Sep 45/55 call spread for $3.25.
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Are option traders expecting a major sell off in June? $VIX had been smashed today prior to last 30 minutes of trading and then $SPY puts found a bid. #EAVOL https://t.co/dpBynvQkB7
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Brian Stutland