someone with a lot of money to spend has taken a bearish stance on united states steel nysex and retail traders should know we noticed this today when the big position showed up on publicly available options history that we track here at benzinga whether this is an institution or just a wealthy individual we dont know but when something this big happens with x it often means somebody knows something is about to happen so how do we know what this whale just did the overall sentiment of these bigmoney traders is split between 40 bullish and 60 bearish out of all of the special options we uncovered 14 are puts for a total amount of 1656810 and 11 are calls for a total amount of 784815 taking into account the volume and open interest on these contracts it appears that whales have been targeting a price range from 150 to 300 for united states steel over the last 3 months looking at the volume and open interest is a powerful move while trading options this data can help you track the liquidity and interest for united states steels options for a given strike price below we can observe the evolution of the volume and open interest of calls and puts respectively for all of united states steels whale trades within a strike price range from 150 to 300 in the last 30 days united states steel option volume and open interest over last 30 days where is united states steel standing right now   with a volume of 15603234 the price of x is down 627 at 1996   rsi indicators hint that the underlying stock is currently neutral between overbought and oversold   next earnings are expected to be released in 6 days what the experts say on united states steel   wolfe research downgraded its action to underperform with a price target of 24 options are a riskier asset compared to just trading the stock but they have higher profit potential serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely if you are already an options trader or would like to get started head on over to benzinga pro benzinga pro gives you uptodate news and analytics to empower your investing and trading strategy