Spotlight on United States Steel: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards United States Steel X, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in X usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for United States Steel. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 54% leaning bullish and 45% bearish. Among these notable options, 2 are puts, totaling $72,628, and 9 are calls, amounting to $750,200.

Latest Startup Investment Opportunities:

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $52.5 for United States Steel during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for United States Steel's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of United States Steel's whale trades within a strike price range from $20.0 to $52.5 in the last 30 days.

United States Steel Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About United States Steel

United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.

Following our analysis of the options activities associated with United States Steel, we pivot to a closer look at the company's own performance.

Where Is United States Steel Standing Right Now?

• With a trading volume of 2,034,833, the price of X is down by -0.27%, reaching $47.32.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 13 days from now.

Expert Opinions on United States Steel

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $52.0.

• An analyst from JP Morgan has revised its rating downward to Neutral, adjusting the price target to $52.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest United States Steel options trades with real-time alerts from Benzinga Pro.