Shares of US Steel Corp (X) are up .05 to 23.91 today.? X is near the top of the 52 week range.
Today paper traded 5568 X Jun 25 puts at 1.50. ??The ADV is 19707 contracts.? The OI is 12073 contracts.
The volume went up in 1 block.? Another large block of puts went up at 1.34 today as well and on the large OI it looks like the client was closing a long put position after X has swooned of late.? This should be a nice winner.? IV is lower so the money is probably coming off the table here.
30-day implied volatility is 29%.? ?10-day implied volatility is 33%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
United States Steel Corporation (U. S. Steel) is an integrated steel producer of flat-rolled and tubular products.