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Graftec (EAF) emerging from pullback move

Graftec (EAF) emerging from pullback move

by | Aug 2, 2021 | Open Interest Alerts

Graftec (EAF) will report on 8-6, higher two of the last four reports with an 11.5% average max move, name with 5000 Aug. $12.50 and 5500 January $12.50 calls bought in open interest. EAF started to trigger out of a pullback trend this morning before fading as Materials names came under weakness, and above $12.45 the real key. EAF a cheap valuation name at 6.2X EBITDA, a leader in Graphite Electrodes which are highly engineered and mission critical in the steelmaking process with healthy consumption trends.