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US Steel put volume heavy and directionally bearish

Bearish flow noted in US Steel with 8,418 puts trading, or 4x expected. Most active are Jan-25 30 puts and Sep-24 41 calls, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 2.97, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 31st.

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