|Bid||31.07 x 100|
|Ask||36.00 x 100|
|Day's Range||30.56 - 31.33|
|52 Week Range||23.97 - 35.21|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Metals seem to be getting back into the swing of things, with higher prices and profits amid predictions of ongoing global economic growth. E*Trade's David Russell writes that options traders too are returning to the sector, and yesterday saw them pile into Alcoa (AA), buying up 10,000 October 42 calls for $1.30. Russell writes that yesterday's contracts could double if Alcoa rises 11% to $44.20 by the expiration, or even triple if it reaches $45.90.
Leading US aluminum producer Alcoa (AA) closed at $38.47 on August 21. It’s been a decent year for Alcoa, and the stock has gained 37.4% so far.
Steel companies have high sensitivity to steel prices and their earnings tend to be volatile. Spot steel prices have been volatile in the last few years.