Close US Steel Puts for a 149% Profit in less than 2 weeks

We purchased the July $28 Puts on US Steel (X) on June 11th for $1.87 and the stock promptly dropped through last week to a low of $22.50 and out Puts shot up in value.

Today we are closing these Puts at $4.65 for a profit of 149% in twelve days.  Not a bad haul for a quick trade.