Cleveland Cliffs Inc (CLF)

[greasemonkeyshoes]

dear s.g...........
since 6/8/20,the path of least resistance changed,biased down and not up;and our "sputter cliffy" became a pig.

facts are facts,by putting lipsticks on your favor "sputter cliffy" would not make it fly again,unlikely for the next 3 months.

action taken today:
roll down
7/2/20 5.5c/6.0c credit spread(opened on 6/19/20 for a credit of 22c)
to
7/2/20 5.0c/6.0c credit spread for additional 26c credit today.

or

sold/short 7/2/20 5c/6c for 48c credit(payout 1:1)

i do what i say,no lipsticks.