In today's video, Paul and Matt discuss ArcelorMittal, the stock for their next trade. ArcelorMittal is the largest steelmaker in the world, with a global reach and a high level of vertical integration, all the way from iron ore and coal to finished goods.
Today, ArcelorMittal is trading at a deep discount to book value, thanks to oversupply in the steel industry and a sluggish growth outlook that will depress earnings power for a while. For their trade, Paul and Matt have decided to write puts, which is a bullish strategy aimed at receiving income and/or securing a lower purchase price on the stock. Watch the following video for the full details.
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