5232 X Nov 10 puts went up in 1 block on the PHLX.?
Shares of United States Steel Corp. (X) are down .40 to 9.72 today.? X is near the bottom of the 52 week range.
- Paper traded 5232 X Nov 10 puts for .67.
- ?The ADV is 36k.?
- The OI is 20440 contracts.
The volume went up in 1 block on the PHLX.? There appears to be lots of Nov put sales and most of them are closing.? There is some scatter rolling to Dec so the traders appear they want to keep the short going for either protection or a straight short delta play.? With X at lows the long put strategy is working.
- IV 30 is trading for 96%.?
- HV10 is trading for 115%.?
- IV 30 is trading below the HV 10.
United States Steel Corporation (U. S. Steel) is a steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe.