Tuesday, February 21, 2017 5:20:07 PM
CLF Textbook Flag,
Don’t usually find them as well defined: fast rise on high volume, then mildly-declining channel.
Large number of Calls traded today that expire this Friday.
2,900 Feb 24 ’17 $12 Calls, Last trade is $0.11. So that’s three days away.
Not supposed to take the trade until it breaks out. But I think that only refers to buying the stock. I mean, you could buy 10 of those Calls mentioned above and only spend 110-bucks. So ... throw a little green at it and see if it grows.
So here’s the deal: I just bought CLF shares four trading days ago at a little under $12 then I sold $12 Calls against those shares, so I could take a little less than 20% of what I received for those Calls to buy $12 Calls that expire this Friday, or maybe take a little less than half and buy early March $12 Calls. Or maybe buy more shares and ...
... I ought to try and get control of myself.
Don’t usually find them as well defined: fast rise on high volume, then mildly-declining channel.
Large number of Calls traded today that expire this Friday.
2,900 Feb 24 ’17 $12 Calls, Last trade is $0.11. So that’s three days away.
Not supposed to take the trade until it breaks out. But I think that only refers to buying the stock. I mean, you could buy 10 of those Calls mentioned above and only spend 110-bucks. So ... throw a little green at it and see if it grows.
So here’s the deal: I just bought CLF shares four trading days ago at a little under $12 then I sold $12 Calls against those shares, so I could take a little less than 20% of what I received for those Calls to buy $12 Calls that expire this Friday, or maybe take a little less than half and buy early March $12 Calls. Or maybe buy more shares and ...
... I ought to try and get control of myself.
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