Short-Term Upside Options Positioning in U.S. Steel (X) With Decision Expected Soon on Trump National Security Review of Section 232 -Susquehanna

Susquehanna options strategist Alison Edwards notes short-term upside positioning in U.S. Steel (NYSE: X), as investors bought ~7000 of this week’s JunQ 22.5 as well as 3500 Jul14 24.5 Calls and 4k Jul 25 Calls. The are reports of a decision expected soon from the Trump Administration regarding the national security review of Section 232.

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