Bearish flow noted in US Steel with 9,764 puts trading, or 1.3x expected. Most active are 3/1 weekly 45.5 puts and Oct-24 40 puts, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 3.80, while ATM IV is up over 2 points on the day. Earnings are expected on April 25th.
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