Alan Knuckman's Morning Trade: U.S. Steel (X)

Alan is bullish on the overall market. He says the VIX is half of where it was over a month ago and is 80% lower than where it was same time last year. US Steel is down 15% off recent highs, but the stock is at the midpoint of the $15 to $25 range. Alan says there is a high probability of another leg higher between today and July and he sets up a July $20 call option trade.

ON AIR
7:00 am
Futures

Get Market Minute

Daily insights for every investor

FOLLOW US

Alan Knuckman's Morning Trade: U.S. Steel (X)

Alan is bullish on the overall market. He says the VIX is half of where it was over a month ago and is 80% lower than where it was same time last year. US Steel is down 15% off recent highs, but the stock is at the midpoint of the $15 to $25 range. Alan says there is a high probability of another leg higher between today and July and he sets up a July $20 call option trade.