Whales with a lot of money to spend have taken a noticeably bullish stance on United States Steel.
Looking at options history for United States Steel X we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $630,246 and 2, calls, for a total amount of $303,665.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $33.0 to $52.5 for United States Steel during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $33.0 to $52.5 in the last 30 days.
United States Steel Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| X | PUT | TRADE | BEARISH | 03/15/24 | $47.00 | $234.0K | 16.7K | 0 |
| X | CALL | SWEEP | NEUTRAL | 10/18/24 | $52.50 | $194.2K | 4.0K | 2.5K |
| X | CALL | TRADE | BEARISH | 03/15/24 | $33.00 | $109.4K | 80 | 0 |
| X | PUT | SWEEP | BULLISH | 06/21/24 | $45.00 | $91.6K | 12.7K | 0 |
| X | PUT | SWEEP | BEARISH | 01/17/25 | $45.00 | $83.5K | 135.2K | 199 |
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.
After a thorough review of the options trading surrounding United States Steel, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
United States Steel's Current Market Status
- With a trading volume of 2,141,807, the price of X is down by -0.09%, reaching $46.8.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 43 days from now.
What The Experts Say On United States Steel
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $51.0.
- An analyst from Morgan Stanley has revised its rating downward to Equal-Weight, adjusting the price target to $51.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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