Everyone is talking about CLF to $30

[89ute]

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.

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[ntxduck]

https://www.reddit.com/r/wallstreetbets/comments/o9b4ys/the_stock_to_save_wallstreetbets_clf/

This you?

 

[89ute]

https://www.reddit.com/r/wallstreetbets/comments/o9b4ys/the_stock_to_save_wallstreetbets_clf/

This you?

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.

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.

 

[ntxduck]

https://www.reddit.com/r/wallstreetbets/comments/o9b4ys/the_stock_to_save_wallstreetbets_clf/

This you?

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.

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 somewhere

 

[89ute]

https://www.reddit.com/r/wallstreetbets/comments/o9b4ys/the_stock_to_save_wallstreetbets_clf/

This you?

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.

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 somewhere

Unless you know about it already, check out r/Vitards

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.

 

[El_K]

$22.53 per share as of 11/9/2021.
Looks like it reached $26 but not near the $30 price point