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Everyone is talking about CLF to $30
89ute
Member Posts: 2,486
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
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No. I meant to post this a few days ago when I made the trade but I first had to figure out how the fuck to poast a screenshot. I wanted to show the channel.ntxduck said:
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. -
Haha yeah they were almost the exact same time and I read them back to back and was like wat. I’ll scoop some, sold a bunch of my ely on Friday (still have a large position) and need to move it somewhere89ute said:
No. I meant to post this a few days ago when I made the trade but I first had to figure out how the fuck to poast a screenshot. I wanted to show the channel.ntxduck said:
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. -
Unless you know about it already, check out r/Vitardsntxduck said:
Haha yeah they were almost the exact same time and I read them back to back and was like wat. I’ll scoop some, sold a bunch of my ely on Friday (still have a large position) and need to move it somewhere89ute said:
No. I meant to post this a few days ago when I made the trade but I first had to figure out how the fuck to poast a screenshot. I wanted to show the channel.ntxduck said:
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. -
$22.53 per share as of 11/9/2021.
Looks like it reached $26 but not near the $30 price point
