Financial giants have made a conspicuous bullish move on United States Steel. Our analysis of options history for United States Steel X revealed 10 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $203,610, and 6 were calls, valued at $598,766.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $49.0 for United States Steel over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of United States Steel stands at 18063.5, with a total volume reaching 3,453.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in United States Steel, situated within the strike price corridor from $35.0 to $49.0, throughout the last 30 days.
United States Steel Option Activity Analysis: Last 30 Days
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 | TRADE | BULLISH | 05/17/24 | $0.86 | $0.04 | $0.86 | $42.00 | $430.0K | 837 | 4 |
| X | PUT | TRADE | BEARISH | 10/18/24 | $9.7 | $9.65 | $9.7 | $49.00 | $96.9K | 226 | 100 |
| X | PUT | SWEEP | BULLISH | 01/17/25 | $5.0 | $4.8 | $4.85 | $40.00 | $46.0K | 126.1K | 142 |
| X | CALL | SWEEP | BULLISH | 01/17/25 | $3.55 | $3.45 | $3.5 | $45.00 | $41.3K | 12.0K | 0 |
| X | CALL | TRADE | BULLISH | 05/17/24 | $1.4 | $0.21 | $1.4 | $40.00 | $35.0K | 1.6K | 609 |
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.
Present Market Standing of United States Steel
- Trading volume stands at 905,722, with X's price up by 0.88%, positioned at $39.48.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 14 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for United States Steel, Benzinga Pro gives you real-time options trades alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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