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Everyone is talking about CLF to $30
89ute
Member, Swaye's Wigwam Posts: 2,477 
About every 30 days a higher high to a higher low, rinse repeat, unless it doesn't.
I like Cleveland Cliffs. Good entry point if you like shares.
Options play: ATM call and sell a call at $30 July 23. I got into this trade Wednesday or Thursday and I also have shares.
CLF earnings July 22. Hopefully I'm out of the trade by then, selling near the next high. I don't see it hitting 30 that's why I sold the call at 30. (Not within the next 30 days but longer term yes) If the trade goes sideways there is a hail mary play on earnings. Personally, I think it will run up to earnings. I don't play earnings but I like it here in case I need it. By the way, earnings are supposed to be blowout along with guidance. The company has increased guidance twice since last quarter.
I like Cleveland Cliffs. Good entry point if you like shares.
Options play: ATM call and sell a call at $30 July 23. I got into this trade Wednesday or Thursday and I also have shares.
CLF earnings July 22. Hopefully I'm out of the trade by then, selling near the next high. I don't see it hitting 30 that's why I sold the call at 30. (Not within the next 30 days but longer term yes) If the trade goes sideways there is a hail mary play on earnings. Personally, I think it will run up to earnings. I don't play earnings but I like it here in case I need it. By the way, earnings are supposed to be blowout along with guidance. The company has increased guidance twice since last quarter.
Comments
This you?
I'm aware Wall Street bets has been all over CLF. Maybe even better reason to buy a call tomorrow. Funny both these posts were done at the same time, but not me.
Excellent education on steel. If your serious about CLF, I'll say good night to you now because you'll be over there all night.
Looks like it reached $26 but not near the $30 price point