US Steel (X) Option Implied Volatility Elevated on M&A Speculation

US Steel (NYSE: X) : X is recently up .70 to $74.89. SBSH say's "X is up 15% in the past 3 trading days on M&A related speculation. The steel environment is reminiscent of late-05. Acquisitions speculation premature but credible." X December option implied volatility of 48 is above its 6-month average of 42 according to Track Data, suggesting increasing price fluctuations. Paul Foster