Whales with a lot of money to spend have taken a noticeably bearish stance on United States Steel.
Looking at options history for United States Steel X we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $226,613 and 2, calls, for a total amount of $136,409.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $38.0 and $46.0 for United States Steel, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in United States Steel's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to United States Steel's substantial trades, within a strike price spectrum from $38.0 to $46.0 over the preceding 30 days.
United States Steel 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| X | CALL | SWEEP | NEUTRAL | 01/17/25 | $7.65 | $6.15 | $6.15 | $42.00 | $105.7K | 454 | 186 |
| X | PUT | TRADE | BEARISH | 05/17/24 | $1.93 | $1.48 | $1.93 | $41.00 | $57.9K | 21 | 300 |
| X | PUT | SWEEP | BEARISH | 06/21/24 | $1.97 | $1.97 | $1.97 | $40.00 | $44.9K | 13.7K | 256 |
| X | PUT | SWEEP | BEARISH | 05/17/24 | $4.6 | $2.97 | $4.6 | $46.00 | $36.3K | 1.2K | 79 |
| X | PUT | SWEEP | BEARISH | 06/21/24 | $2.5 | $1.89 | $1.9 | $40.00 | $32.6K | 13.7K | 530 |
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.
Present Market Standing of United States Steel
- With a volume of 853,993, the price of X is down -0.07% at $41.85.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 21 days.
What Analysts Are Saying About United States Steel
1 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.
- An analyst from BMO Capital persists with their Market Perform rating on United States Steel, maintaining a target price of $45.
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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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