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US Steel Skeptics Won't Back Down
Puts are the options of choice on United States Steel Corporation (NYSE:X) according to volume data from the major exchanges. During the past 10 sessions speculators on the International Securities Exchange (ISE) Chicago Board Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX) have bought to open 1.11 puts for every call on the steel stock. This ratio arrives in the 87th percentile of its annual range as traders have purchased puts over calls on US Steel at a faster pace just 13% of the time during the last year. In fact on Thursday alone options players on the ISE ...
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