US Steel Offering Possible 14.16% Return Over the Next 26 Calendar Days

US Steel's most recent trend suggests a bullish bias. One trading opportunity on US Steel is a Bull Put Spread using a strike $23.00 short put and a strike $18.00 long put offers a potential 14.16% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $23.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $18.00 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 78.52 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

LATEST NEWS for US Steel

U.S. Steel's $1.8 Billion Writedown: A Tough Economy and a Global Glut
Mon, 21 Oct 2013 15:22:48 GMT
The Wall Street Journal – The steel giant is warning that prolonged troubles in the U.S. economy and excess global capacity means it will be harder to get a good price for its product

U.S. Steel to write down $1.8 bln in value of units
Fri, 18 Oct 2013 22:14:26 GMT
Reuters – United States Steel Corp said it expects to write down the value of two of its North American units by up to $1.8 billion, hurt by a prolonged slump in steel prices due to overcapacity and a weak global …

Is steel a good, late-stage rally?
Fri, 18 Oct 2013 21:46:00 GMT
CNBC – Steel stocks stage a quiet rally. Is steel a good late-stage rally, with CNBC's Melissa Lee and the Options Action traders.

U.S. Steel to Take $1.8 Billion Writedown Amid Higher Imports
Fri, 18 Oct 2013 21:38:35 GMT
Bloomberg – U.S. Steel Corp., the country’s largest steelmaker by volume, said it will take a writedown of about $1.8 billion on North American assets amid excess global production capacity and higher imports.

US Steel's 3Q results to include $1.8B charge
Fri, 18 Oct 2013 21:29:40 GMT

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