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)
XLE Energy Select Sector SPDR (0.71)
LYFT Lyft (0.7)
CVX Chevron (0.64)
AA Alcoa (0.63)
Assets with little price relationship to STLD
NOW ServiceNow (0.0)
ROIV Roivant Sciences (0.01)
OGN Organon (0.01)
TIPT Tiptree (0.01)
GRBK Green Brick (-0.01)
Assets that tend to move strongly against STLD
TYD Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.3)
KO Coca-Cola (-0.32)
UL Unilever (-0.38)
JDST Direxion Daily Junior Gold Miners Index Be (-0.38)
VXX iPath Series B S&P 500 VIX Short-Term Futures (-0.38)
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