U.S. Steel Stock Surges on Approved Nippon Steel Merger

Group 1 - United States Steel Corp (NYSE:X) stock increased by 5.1% to $54.84 following President Trump's approval of a $14.9 billion merger with Nippon Steel, which includes a national security agreement granting the U.S. government a "golden share" [1] - The stock has risen 61.4% in 2025, reaching a 14-year high of $54.91, supported by the 20-day moving average and overcoming previous resistance at $45 after a 21.2% bull gap in late May [2] - Options trading volume is significantly higher than average, with 38,000 calls and 25,000 puts exchanged, indicating strong interest in the June 55 call and the 45 put [2] Group 2 - Short-term options traders are exhibiting a more bearish sentiment, as indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.16, which is in the 80th percentile of the past year's readings [3]