Mike Khouw's United States Steel Corporation (X) Trade

Loading...
Loading...
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.
Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: CNBCFast MoneyOptionsMediaMike Khouw
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...