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 48,481 puts trading, or 6x expected. Most active are Dec-23 28 puts and Nov-23 34.5 calls, with total volume in those strikes near 41,800 contracts. The Put/Call Ratio is 3.52, while ATM IV is up over 1 point on the day. Earnings are expected on February 1st.

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