United States Steel Stock Slips After Harris Statement

Group 1 - United States Steel Corporation's stock has decreased by 3.9%, trading at $36.43, following U.S. Vice President Kamala Harris's opposition to the planned sale to Nippon Steel [1] - The stock has not recovered from a previous 12.8% decline after President Biden's announcement against the buyout, with resistance at the $42.50 level and support emerging at $36 [1] - Year-to-date, the stock has declined by 25% [1] Group 2 - There has been a significant increase in put options trading, with 22,000 puts traded, which is seven times the typical volume, compared to 7,427 calls [2] - The most popular put contract is the January 2025 40-strike put, followed by the 35-strike put [2] - The 10-day put/call volume ratio for United States Steel Corporation is 8.43, ranking higher than 97% of readings from the past year, indicating a rapid increase in put buying [2]