Options Brief: Mechel

Shares of Mechel MTL are lower on the session by 4.34%, trading at $23.57. Overall call volume is now running at 2.55x the daily average, with 60% of all calls traded being purchases on the offer. 1,349 contracts have traded on the session so far. Mechel OAO is an integrated mining, steel, ferroalloys and power company. The company operates in four segments: mining, steel, ferroalloys and power. Its mining segment produces coking and steam coal, as well as iron ore and iron ore concentrate.