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US Steel call volume above normal and directionally bullish
The Fly

US Steel call volume above normal and directionally bullish

Bullish option flow detected in US Steel with 16,590 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 43.47%. Oct-23 33 puts and 10/13 weekly 33.5 calls are the most active options, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 0.43. Earnings are expected on October 26th.

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