Bullish option flow detected in US Steel with 62,083 calls trading, 1.3x expected, and implied vol increasing over 19 points to 100.35%. 5/2 weekly 53 calls and Apr-25 35 puts are the most active options, with total volume in those strikes near 27,500 contracts. The Put/Call Ratio is 0.58. Earnings are expected on May 1st.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on X:
- Notable open interest changes for April 3rd
- Lutnick met with rivals bidding to buy U.S. Steel, Bloomberg reports
- Rocket acquires Mr. Cooper, Musk’s xAI acquires X: Morning Buzz
- Okta initiated, Wingstop upgraded: Wall Street’s top analyst calls
- U.S. Steel downgraded to Market Perform from Outperform at BMO Capital