Cleveland Cliffs Inc (CLF)

[greasemonkeyshoes]

Another reason for the steel/IO stocks' jump?
http://www.taipeitimes.com/News/biz/archives/2016/11/26/2003659990
"Steel mills in the US have raised prices for steel plates by US$110 per tonne since the end of last month, CSC said in a statement."
Bottom line:
Steel/IO stock price runs are probabilistically sustainable from now into Q1 2017;million dollar question: how big of a bubble could this be??
ps-at present,my hedges are $11.00(was $10) for jan clf and $13(was $12) for apr. I plan to raise it to $12.00(jan) and $15.00(april) very soon.
ps2-for those with an open mind,otm vertical put spread(or credit put spread) is the way to go,between the balance of Q4,and now extended to Q1 2017. Again,use the money you can afford to loose and good luck.
ps3-WHEN IT RAINS $,IT POURS $$$$$$$$$$$$$$$$$$$.
Note:
Ran into a truck driver carrying rolled steel and making local delivery in southern California and I asked him where the steel from? He said Taiwan(or CSC).