Credit Spread on Cleveland-Cliffs (NYSE:CLF) – 2.69% potential income return in 36 days / 27.27% annualized

CLF mining stocks
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

CLF earnings play
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…