After months of weakness, things are looking better for US Steel on the heels of news that the US will be increasing duties on some Chinese steel exports. The stock powered upwards all day, and in the face of that strength, bullish Sweeps hit the name as well:
We’ve profiled aggressive buying in metals and miners in recent weeks both here and here. Today could be the start of that materials bullishness rotating into steel and construction names. That said, this is only initial action and we’ll need to see further steam to see if this is more than an ephemeral pump in the stock. For real time updates on the flow on X, and on all the other actionable options flow that hits the tape, be sure to check out our Private Chat Room and Twitter Feed.
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