Utilize Bearish Short Volatility strategy: Short-term fluctuations suggest capturing premium by selling call options, as mean-reversion and flat volatility surface hint at limited price upside. High delta implies higher likelihood of range-bound movement.
Assets that tend to move strongly with STLD
LIT Global X Lithium & Battery Tech (0.73)
LYFT Lyft (0.7)
CVX Chevron (0.64)
AA Alcoa (0.63)
TDOC Teladoc Health (0.63)
Assets with little price relationship to STLD
NOW ServiceNow (0.0)
PSMT Pricesmart (-0.01)
AMC AMC Entertainment (-0.01)
PPC Pilgrim's Pride (0.02)
FNF Fidelity National Financial (0.02)
Assets that tend to move strongly against STLD
KO Coca-Cola (-0.32)
VXX iPath Series B S&P 500 VIX Short-Term Futures (-0.38)
JDST Direxion Daily Junior Gold Miners Index Be (-0.38)
VIXY ProShares VIX Short-Term Futures (-0.38)
UL Unilever (-0.38)
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