CLF
Credit Spread on Cleveland-Cliffs (NYSE:CLF) – 2.69% potential income return in 36 days / 27.27% annualized
On October 22, 2020, we sold a bull put credit spread on NASDAQ:SDC stock with an expiry set in the next 36 days. For this trade, we get a premium of $20.20 (after commissions).
Cleveland-Cliffs, Inc., formerly Cliffs Natural Resources, is a Cleveland, Ohio-based company that specializes in the mining, beneficiation, and pelletizing of iron ore. The company is a public company.
Here is our trade setup:
BOT 1 CLF NOV 27 '20 - 7.5 + 6.5 Put Bull Spread -0.25 USD
For this trade, we got a…
Earnings Play: BOT 1 CLF OCT 23 '20 8 Straddle 0.57 USD
On October 22, 2020, we bought straddle options on CLF stock expiring on October 23.
CLF was due to announce earning report October 23 pre-market, and we decided to monetize on it
here is our trade setup:
BOT 1 CLF OCT 23 '20 8 Call Option 0.37 USD
BOT 1 CLF OCT 23 '20 8 Put Option 0.20 USD
For these trades, we paid 57 USD (before commissions)
These trades come as the #30 and #31 in the month of October, as these are the debit trades instead of getting paid, we paid money to have…