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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on X:
- US Steel call volume above normal and directionally bullish
- Unusually active option classes on open August 20th
- M&A News: U.S. Steel (NYSE:X) Plunges as Nippon Steel Deal Is Threatened
- Trump to back idea of blocking U.S. Steel -Nippon deal, Reuters reports
- U.S. Steel down 7% as Reuters says Trump to reiterate plans to block sale