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AKS

Trump Trade LONG AKSPut your feelings of Trump aside for a second and listen to how much this man talks about the Steel Industry in the US and consider the effects of the Steel tariffs. AKS is a small cap US based steel stock that whose stock shows signs of accumulation while the big cheese goes on about US Steel coming back imposing tariffs (taxes) on the foreign competition. I don't know much about the industry but the stock seems okay, the company seems to have a bit of debt but favorable business conditions can change that. I'll post the daily chart in comments that shows a nice gap overhead that coupled with a falling ADX provides a positive tone for gap filling to about 5.35. While selling at 5.35 would be a good trade I want to hold and continue to accumulate AKS because I think we're way ahead of the curve on this US Small Cap Steel trade based on the little price movement and if anyone else has any US Small Cap Steel plays they would like to share I would love to hear about them. Thanks and good luck.
ALong
by jamiecassels
2
THE WEEK AHEAD: DIS, AKS, P, TSLA, TWTR, X, MU, DISHWith most of the earnings heavy hitters in the rear view mirror, there isn't much to trade this week of quality from an earnings announcement volatility contraction standpoint, with DIS being the standout name. DIS announces on Tuesday after market close with a 30-day implied volatility of 25%, which is in the upper half of its 52-week range. The May 18th 96/97 16 delta short strangle pays .97 with a 75% probably of profit, which isn't horrible, but I'd rather have a background implied above 50%. One underlying that I don't usually trade earnings that caught my eye, however, was DISH, with an implied of >50%, which is at the top end of its 52-week range. It announces earnings on Tuesday before market open. You can naturally play it for earnings-related vol contraction (the May 18th 20-delta 30.5/37.5 short strangle's paying .88), but the chart may suggest taking a directional shot instead. I'll set out several bullish assumption plays in a separate post that would take advantage of its "being on its butt-dom." On the slip side of the coin, there are several individual names that have that ~50% metric I'm looking for that have already announced and that may be worth nondirectional plays that are just as -- if not more productive -- than the Disney earnings play if set up in the June monthly. Here they are, ranked by their 30-day implied volatility percentages: AKS (65.5) (straddle), P (59.2) (straddle), TSLA (53.9) (strangle), TWTR (49.5) (strangle), X (48.6) (strangle), and MU (47) (strangle).* On the exchange-traded fund front, not much is attractive, having all fallen below 35% 30-day implied: XOP (29.3), EWZ (28.5), SMH (26.9), EWW (24.9), FXI (22.8), so I'm unlikely to consider putting on a play in one of those unless something substantially changes as the week evolves. Moreover, my tendency is to set those up in the monthlies nearest 45 days until expiration and June (40 days 'til) is starting to "fall out of that window," with July (75 days 'til) being too far out in time. * -- You can naturally consider going defined risk with some of these, using iron flies instead of naked short straddles; iron condors instead of short strangles.
NYSE:DIS
by NaughtyPines
2
AKS earnings don't move the stock AKS should bounce after the last 3 earnings being better then expected but didn't. It doesn't appear that people are buying into the earnings either. Since 7/14 the stock has double digit short percentage. While more the half the stock is owned by major players. That is what i think is keeping this stock down. It is not what i call a peoples stock-that is when us privet investors make little if ant impact. I do think this is where i will buy but not for a quick 8-10 percent, more like a longer hold. There is plenty of upside if your willing to chill a while. I have bought this stock twice and been stopped out both times in under a week. If you have any ideas plz share-link you chart or add to comments...this AKS is a learning curve for me. This was suppose to be a trump affect stock.
A
by tyy