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Actionable news in AKS: AK STEEL HOLDING Corp,

Traders are making big bets that Trump's overdue decision on tariffs will boost steel stocks

The expectation that the White House will enact tariffs on steel imports has options traders bullish in the short-term.

"Notably the last time tariffs were placed on imported steel by President Bush in 2002 … stocks responded negatively," MKM Partners wrote in a note. "Options activity across steel stocks has been universally bullish ahead of this [administration's] event."

MKM is seeing unusual bullish activity in options for stocks such as AK Steel.

The steel industry is awaiting a decision from the Commerce Department regarding tariffs on foreign steel imports. Secretary of Commerce...