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

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 9 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $147,740 and 6, calls, for a total amount of $248,320.

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 $35.0 to $45.0 for United States Steel during the past quarter.

Insights into Volume & Open Interest

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 $35.0 to $45.0 in the last 30 days.

United States Steel Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
X PUT SWEEP BEARISH 07/19/24 $4.9 $4.6 $4.9 $45.00 $78.4K 4.5K 0
X CALL TRADE BULLISH 01/17/25 $6.3 $4.75 $6.3 $42.00 $56.0K 817 0
X CALL SWEEP BULLISH 04/19/24 $1.0 $0.8 $1.0 $42.00 $53.8K 11.1K 1.6K
X PUT SWEEP BEARISH 07/19/24 $3.5 $3.2 $3.5 $42.00 $42.7K 200 122
X CALL TRADE NEUTRAL 01/16/26 $13.8 $11.3 $12.7 $35.00 $40.6K 833 18

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.

In light of the recent options history for United States Steel, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is United States Steel Standing Right Now?

  • With a trading volume of 1,898,748, the price of X is down by -2.32%, reaching $41.25.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 13 days from now.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United States Steel with Benzinga Pro for real-time alerts.

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Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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