US STEEL has options expiring next week, and the most pain to options buyers would be when the price of US Steel drops to $52.5
Again, this is pure option pain theory, which suggests that the Options sellers would want their options to expire worthless, and the MMs will drive the stock to the price that would achieve this maximum pain to option buyers.
The trade can be done today.
Furthermore, UBS has already advised its clients to make a bearish trade on X by selling calls at high strike price and buying PUTS. UBS feels that the steel pricing is a little to high, demand is not that high yet. However, Mittal suggests otherwise, leading to the 1% increase of steel stock price.
Who to trust… UBS or Mittal?
1 comment:
What is the option pain for alcoa????Any trend changes to follow on?
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