I'm a fan of shorting what's overbought and going long what's oversold. $MSFT is surging, along with the rest of the market, and is showing what could be my favorite kind of candle.
When you see an entire candle outside the Bollinger Bands, especially with a price reversal that day (i.e. close < open), that translates to great counter-trend opportunities.
US Steel wants to break out of its current negative wedge / channel. Trend lines drawn using CLOSING prices. I think a break that holds will result in a retest of support around 17.
Jul-26 13 puts are priced attractively as of 6/10/19. We'll see what happens tomorrow and beyond.
With Implied Volatility not exactly high, $T is setting up for an iron butterfly over just a straight short straddle. Dashed black lines indicate the breakeven points for the JUL19 28/32/36 Iron Butterfly.