Bearish flow noted in US Steel with 9,042 puts trading, or 1.4x expected. Most active are 8/23 weekly 40 puts and Oct-24 38 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 2.73, while ATM IV is up over 4 points on the day. Earnings are expected on October 31st.
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