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UNITED STATES STEEL CORP

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XUSS trade ideas

X Put sales- Which put sale do you like?There are few price levels I would be happy to be put to stock on US Steel. However, it's more fun to have those premiums in your account and not have to purchase anything. I like the $18 put sale exp 9/9 for .27 because of the labor day holiday I get on extra day of premium...but more importantly X would need to go down another 10% and break through support. Not impossible we shall see. 9/2 less time with a decent return. If you really want to be safe is the $15 put expiring 9/23 for .12 ... I would wait on that and see if X drops some more in order to get more premium. There the $16 level too ...Which on do you like?
NYSE:X
by partyjumpman
X: US SteelX-is US Steel. It is a component of-XME. XME-has been weak for the past month. I suspect the basic metals components in-XME (iron-copper-steel-zinc-aluminum) are weaker than the gold-and-silver miners. For-X: The indicator on the top of the page is RSI / Stochastic , and this is weak. The top middle indicator is vortex and it is weak (red over green). The Top (bar-type) indicator measures the "phase energy" of the stock , and this is weak, now below zero. Until these indicators reverse to the upside, and the prices rise above the cloud, this stock is a sell. Good luck to you. Don.
NYSE:XShort
by 649bruno
BUYING POWER EFFICIENCY: "POOR MAN'S" VS. TRAD COVERED CALLSThere is more than one way to skin a cat. But some ways are more buying power efficient than others ... . Here, I'm looking at a covered call in X. The implied volatility is >50%, so I can get a bit of premium on the call side to reduce my cost basis in any stock I buy here. For example, if I buy shares at 20.38, and sell the Sept 30th 20.5 call against (for a 1.50 ($150) credit at the mid), I can get into the whole package for a 19.03 debit ($1903), my cost basis in the shares will be $19.03 per share, and my max profit is $147 if called away at 23. However, for some, that $1903 stick price can be hefty, especially if they're working with a smaller account. The drawback is that I'm (a) stuck with stock I bought at 20.38 per share; and (b) the buying power effect may be larger than I'd like. In comparison, I can also do a PWCC or poor man's covered call. Traditionally, this is set up using a long-dated, deep ITM long call option to stand in for the stock and -- like the covered call -- a call sold 30-45 DTE. Most of the time, I set these up using the 70 delta strike for the long option and the 30 delta strike for the short. As with the traditional covered call, I'm looking to reduce my cost basis in my "synthetic stock" (here, the long option) by selling calls against. Compared to the traditional covered call, the PWCC has a smaller price tag -- $361 (which is also my max loss for the setup, assuming I do nothing at all), and I look to exit the setup as a whole at 10-20% of what I paid for the setup which, in this case, isn't as attractive as the $147 max profit of the covered call. However, there is one other aspect of the setup worth noting -- my buying the Jan 20th 18 call gives me the right to exercise for shares at $18. With the covered call, I'm locked in with 20.38 shares; with the PWCC, I'm not.
NYSE:X
by NaughtyPines
XME Components Analysis Number 5: X (U.S. Steel)I have recently published a series of bullish articles about-XME. X-is one of the components of-XME. The strength of this chart speaks for itself - It is one of the metals stocks which is contributing to the strength in-XME. XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap. I believe by showing you some of the individual components of-XME you will understand why I am very bullish towards the upward move in-XME. Don.
NYSE:XLong
by 649bruno