US Steel (X) Offering Possible 9.17% Return Over the Next 9 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 $34.00 short put and a strike $29.00 long put offers a potential 9.17% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $34.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $29.00 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

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noodls – – Net loss of $18 million, or $0.12 per diluted share and adjusted net income of $25 million, or $0.17 per diluted share – Cash from operations of $0.8 billion; total liquidity of $3.2 billion, including …

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