Options Brief: Gerdau

Shares of Gerdau S.A. GGB are lower on the session by 1.54%, trading at $9.52. Overall put volume is now running at 9.06x the daily average, with 0% of all puts traded being purchases on the offer. 10,252 contracts have traded on the session so far. Gerdau S.A. is a producer of long rolled steel. Gerdau operates steel mills that produce steel by direct iron-ore reduction in blast furnaces and in electric arc furnaces.