CMC Commercial Metals Company - Bearish Unusual Options Activity$1M Bearish Short Call - 7,500 May $30.00 calls sold today (53x open interest)
14 month uptrend line broke down earlier this week. 9d ema line held as resistance today.
Near term target: $26-$27 range by end of April
Note: This is NOT investment advice. Educational only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.