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 27 trades.
If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 74% with bearish.
From the overall spotted trades, 20 are puts, for a total amount of $2,790,881 and 7, calls, for a total amount of $1,272,720.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $50.0 for United States Steel, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for United States Steel's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United States Steel's significant trades, within a strike price range of $30.0 to $50.0, over the past month.
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 | TRADE | BEARISH | 01/17/25 | $3.85 | $3.3 | $3.4 | $43.00 | $1.0M | 15.6K | 3.0K |
| X | PUT | TRADE | BEARISH | 12/20/24 | $2.66 | $2.35 | $2.65 | $35.00 | $795.0K | 5.8K | 3.0K |
| X | PUT | SWEEP | BEARISH | 01/17/25 | $6.6 | $6.2 | $6.3 | $40.00 | $598.5K | 130.9K | 3.5K |
| X | PUT | TRADE | BEARISH | 01/17/25 | $6.55 | $6.2 | $6.55 | $40.00 | $163.7K | 130.9K | 4.0K |
| X | PUT | SWEEP | BEARISH | 01/17/25 | $6.6 | $6.15 | $6.55 | $40.00 | $163.7K | 130.9K | 3.7K |
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 4,361,438, the price of X is up by 0.77%, reaching $40.34.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 78 days from now.
Professional Analyst Ratings for United States Steel
In the last month, 1 experts released ratings on this stock with an average target price of $43.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from BMO Capital has decided to maintain their Outperform rating on United States Steel, which currently sits at a price target of $43.
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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