US Steel X (news,
chart,
quote) - X puts active as X retraces after trading at an all-time high share price of $69.88 this week
X is down 2.94 to $66.04 after trading at an all-time high share price of $69.88 this week. X May option implied volatility of 40 is near its 26-week average. X intra-day call option volume of 3,798 contracts compares to intra-day put volume of 6,630 contracts according to Track Data. Average option implied volatility suggests non-directional price fluctuations. Hedgers have been purchasing X puts on the possibility X will use its shares as a currency to make an asset acquisition.
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