Options News

$X Calls Prices Skyrocket Eightfold

$X calls prices skyrocket eightfold

U.S. Steel reached a seven-month high today, handing huge gains to upside option positions opened just last week. On Nov. 15, Investitute's tracking systems showed that 4,800 Weekly $26.50 calls expiring today were purchased for $0.38 to $0.59 with shares at $26.19. These were clearly new positions, as open interest in the strike was only 231 contracts before the trades…

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