Trade ideas

Today’s trade idea for option traders: United States Steel

trade idea for option traders

United States Steel is a steel producer and makes high value-added steel products, including its own XG3 advanced high-strength steel. It delivers to the automotive, construction, appliance, energy, containers, and packaging industries. U.S. Steel had beaten Q4 earnings on Jan. 27, which sent shares on a run to reclaim both the 50-day and 200-day moving averages. Since then, shares have notched six-straight weeks of strong gains. This is what I consider an invitation to give this stock a try and sell a put option.

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