US Steel (X) Continues To Climb

What sector stands to benefit the most from a robust economic recovery? The answer to that question is the steel sector. Rising industrial production and consumer demand mean that steel stocks may continue their upward charge. One steel company that has bounced back nicely from its recent drop is US Steel(X). The country's largest steel producer dropped to $42.32 on February 5th. Since that date shares have rallied 55% to begin the month of February over $65. It appears that traders are expecting the rally in US Steel's shares to continue. Jud Pyle of TheStreet.com states that" more than 5,800 out-of-the-money October 75 calls changed hands for the ask price of $4.70 per contract versus current open interest of 765 contracts, indicating investors most likely traded these options to open." Keep an eye on US Steel(X) because if traders are right, the steel maker still has more room to run.