United States Steel Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bullish stance on United States Steel X.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with X, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for United States Steel.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $162,581, and 4 are calls, for a total amount of $183,550.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $34.0 to $45.0 for United States Steel during the past quarter.

Insights into Volume & Open Interest

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 $34.0 to $45.0, over the past month.

United States Steel Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Having examined the options trading patterns of United States Steel, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

United States Steel's Current Market Status

• Trading volume stands at 2,437,282, with X's price up by 0.87%, positioned at $31.25.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 42 days.

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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.