Cleveland Cliffs Inc (CLF)

[greasemonkeyshoes]

what option market is telling me.......
base purely on numbers and zero bias.
6/19/20 option(4 days left):
$5.5p 7c-9c(premium)
$6.5c 12-11c

two weeks ago $5.5p can be had for 2c(got lucky,had partial fill at 1c) and $6.5c can be had for 3c-5c.
so what.
what mr. market is saying:
50/50 directional,up or down.
due to uncertainty(volatility),premium is 3x-4x higher now.

are we back/done(bearish) yet??

ps-no clue of direction and everything expensive,i'll be hiding in my hole,no action on clf in the near future.