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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Matthew Argersinger and Paul Chi have no positions in the stocks mentioned above. The Motley Fool owns shares of ArcelorMittal. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.