Bearish flow noted in US Steel with 15,628 puts trading, or 3x expected. Most active are Jan-25 35 puts and 11/29 weekly 41 calls, with total volume in those strikes near 13,000 contracts. The Put/Call Ratio is 3.30, while ATM IV is up over 6 points on the day. Earnings are expected on February 6th.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on X:
- Nippon Steel pushes to get U.S. Steel deal cleared, FT reports
- US Steel put volume heavy and directionally bearish
- Nippon Steel Still Expects to Close U.S. Steel Deal (NYSE:X)
- Lack of Transparency in U.S. Steel’s Disclosures Sparks Investor Concerns
- United States Steel Corporation Reports Resilient Q3 2024