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Goldman Sachs
GS downgraded United States Steel Corporation
X today, because its analysts believe that the near term fundamentals for the steel companies are going to remain weak.
This analysis inspired Mike Khouw to create an option strategy. He shared this strategy with the viewers of CNBC's Fast Money, and he said that he wants to sell the January 41 put for $3.10, and the January 55 call for $1.90.
This trading structure would help him collect $5.00, and it will be most profitable if US Steel (
X) trades between $41 and $55.
US Steel (
X) fell 1.65% today, and closed at $45.44.
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