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AK Steel AKS (news,
chart,
quote) - AKS option implied volatility & volume Spikes on Mitsui USA STTX deal
AKS, a flat-rolled carbon, stainless and electrical steel producer, has a market cap of $2.55 billion with long term debt of $1.1 billion. AKS is recently up $2.59 to $23.04 after Mitsui USA agreed to purchase STTX, a steel processor, for $30 a share. AKS had 2006 revenue of $6 billion. AKS has frequently been mentioned as a takeover candidate. AKS call option volume of 27,438 contracts compares to put volume of 11,167 contracts. AKS March option implied volatility of 68 is above 26-week average of 48 according to Track Data, suggesting larger price risks.
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