US Steel calls active on renewed takeover chatter US Steel December 22 and 23 calls are active on total call volume of 10K contracts (2K puts) on renewed takeover chatter. December, January and April call option implied volatility is at 41; below its 26-week average of 45 according to Track Data. Active call volume suggests traders taking positions for larger price movement.
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U.S. Steel breaks out following results, levels to watch The company reported much stronger than expected results after market close Tuesday, and the shares have broken out and are trading up over 14.5% to $31.73. At that price the shares are above the $30 area which has been the top of a trading range for nearly two years. A range breakout typically persists in the direction of the breakout for an extended period of time. Resistance is at the new 52-week high at $32.32 and then at $33.24.