US Steel put volume heavy and directionally bearish
The Fly

US Steel put volume heavy and directionally bearish

Bearish flow noted in US Steel with 8,418 puts trading, or 4x expected. Most active are Jan-25 30 puts and Sep-24 41 calls, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 2.97, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 31st.

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