Investors with significant funds have taken a bearish position in United States Steel X, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in X usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 23 options transactions for United States Steel. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 13% being bullish and 78% bearish. Of all the options we discovered, 22 are puts, valued at $1,495,922, and there was a single call, worth $25,700.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $52.5 for United States Steel over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for United States Steel options trades today is 26625.1 with a total volume of 6,939.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United States Steel's big money trades within a strike price range of $30.0 to $52.5 over the last 30 days.
United States Steel Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| X | PUT | TRADE | BEARISH | 01/17/25 | $15.85 | $15.0 | $15.85 | $52.50 | $118.8K | 0 | 375 |
| X | PUT | TRADE | BEARISH | 01/17/25 | $15.85 | $14.1 | $15.55 | $52.50 | $116.6K | 0 | 225 |
| X | PUT | TRADE | BEARISH | 01/17/25 | $15.55 | $15.0 | $15.5 | $52.50 | $116.2K | 0 | 525 |
| X | PUT | TRADE | NEUTRAL | 01/17/25 | $16.0 | $15.0 | $15.45 | $52.50 | $115.8K | 0 | 603 |
| X | PUT | TRADE | BEARISH | 01/17/25 | $15.65 | $15.0 | $15.6 | $52.50 | $115.4K | 0 | 376 |
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.
United States Steel's Current Market Status
- With a trading volume of 1,082,306, the price of X is up by 0.38%, reaching $37.12.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 0 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.
© 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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