Trade of the Week: Unusual Options Activity in US Steel

Options, U.S Investments, Videos

Recently, there was some significant unusual options activity in United States Steel (X). A flood caused US Steel to shut down one of its steel mills and the stock dropped 6% on the news. This is the sort of situation that typically makes for a good shorter-term options trade.

A steel mill closing should cause a delay in sales/profits rather than a permanent drop. As such, buying one-month calls or selling one to three-month cash secured puts could be a good way to make money on X if the selloff is short-term in nature. On the day of the news, several call purchases took place along with several large orders selling puts.

$500 into $678,906?

If you had followed Jay Soloff’s trades, with a little luck, you could’ve turned $500 into as much as $678,906.

That sounds unbelievable. But you gotta see how it’s possible.

If you can scrounge together $500 in cash, it could’ve been worth a small fortune today.

Check out how it could’ve happened for you, click here.


[FREE DOWNLOAD] 10 Simple Rules for Trading Options Like a Pro

[FREE DOWNLOAD] 10 Simple Rules for Trading Options Like a Pro

Follow these 10 simple rules from 20-year professional options trading veteran, Jay Soloff and start earning a reliable extra income from options.


NO prior experience needed to master these 10 simple options trading rules. 


Enter your email below and receive access to this FREE guide...

You have Successfully Subscribed!