Bullish option flow detected in US Steel with 10,394 calls trading, 1.7x expected, and implied vol increasing over 1 point to 56.09%. Apr-23 26.5 calls and 4/14 weekly 25.5 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.29. Earnings are expected on May 4th.
Published first on TheFly
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- US Steel call volume above normal and directionally bullish