US Steel (X) Offering Possible 13.64% Return Over the Next 13 Calendar Days

view original post

US Steel’s most recent trend suggests a bullish bias. One trading opportunity on US Steel is a Bull Put Spread using a strike $21.00 short put and a strike $16.00 long put offers a potential 13.64% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $21.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $16.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for US Steel is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for US Steel is bullish.

The RSI indicator is at 22.47 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


Steel leaders discuss trade issues in response to US-EU Trade and Technology Council meeting
Thu, 30 Sep 2021 23:31:48 +0000
During the discussion, panelists focused on the future of tariffs imposed via Section 232 of the Trade Expansion Act, which allows the president, following investigation by the Department of Commerce, to adjust imports that may threaten national security. In 2018, former President Donald Trump imposed a 25% import tariff on steel and a 10% import tariff on aluminum.

US Steel August Imports Drop as Prices Continue Upward Trajectory
Thu, 30 Sep 2021 10:40:10 +0000
The U.S. steel industry is reaping the benefits of record-high prices, thanks to strong end-market demand and tight supply due to production disruptions at domestic steel mills and Section 232 tariffs on imports.

Why United States Steel (X) Stock Might be a Great Pick
Wed, 29 Sep 2021 14:28:02 +0000
United States Steel (X) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

What Makes U.S. Steel (X) Stock a Solid Choice Right Now
Wed, 29 Sep 2021 12:05:12 +0000
U.S. Steel (X) benefits from strong end-market demand and higher domestic steel prices.

United States Steel (X) Stock Moves -1.88%: What You Should Know
Tue, 28 Sep 2021 21:45:09 +0000
In the latest trading session, United States Steel (X) closed at $22.42, marking a -1.88% move from the previous day.

Be Sociable, Share!

Related Posts