US Steel (X) Offering Possible 16.82% Return Over the Next 29 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 $37.00 short put and a strike $32.00 long put offers a potential 16.82% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $32.00 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 77.33 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

[$$] South Korea to Act Against U.S. Steel Tariffs
Mon, 25 Aug 2014 10:18:55 GMT

Asia Morning Read: Global Liquidity To Remain Loose
Mon, 25 Aug 2014 00:46:00 GMT

[$$] Trade Commission Confirms Tariffs on Steel From South Korea
Sat, 23 Aug 2014 13:57:51 GMT

U.S. Steel, AK Steel Boom Higher On Antidumping Win
Fri, 22 Aug 2014 21:43:00 GMT

U.S. steel pipe makers win key anti-dumping case against cheap imports
Fri, 22 Aug 2014 18:34:11 GMT
Reuters – The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from a boom in the U.S. Department of Commerce closer to imposing tariffs as high as 118 percent on “oil country tubular goods” (OCTG). “This was a resounding victory for the domestic steelmakers,” said Phillip Bell, president of the Steel Manufacturers Association, which represents a number of North American steelmakers. South Korea's OCTG exports to the United States were worth $818 million in 2013, more than the combined imports of the other countries involved in the case, according to Commerce data.

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