CLF Cleveland-Cliffs Options Ahead of Earnings

21 paź 2023

Analyzing the options chain and the chart patterns of CLF Cleveland-Cliffs prior to the earnings report this week,
I would consider purchasing the 14usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $1.29.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

24 paź 2023

Transakcja zamknięta: osiągnięto wyznaczony cel

CLF traded at $15.74 after earnings, and the Calls went up from $1.29 (when I wrote this article) to $1.93 at the close today (a lot higher intraday), for about 50% gain!