US Steel (X) Offering Possible 21.95% Return Over the Next 38 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 $35.00 short put and a strike $30.00 long put offers a potential 21.95% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $30.00 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 above 80 which suggests that the stock is in overbought territory.

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

Why U.S. Steel (X) Stock Rose Today
Wed, 13 Aug 2014 20:39:00 GMT

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Wed, 13 Aug 2014 19:45:00 GMT

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Wed, 13 Aug 2014 16:31:32 GMT

Must-know: An investor’s guide to the steel industry
Wed, 13 Aug 2014 15:51:00 GMT

Surging Earnings Estimates Signal Good News for United States Steel (X)
Wed, 13 Aug 2014 10:45:54 GMT

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