Replies to post #5512 on Cleveland Cliffs Inc (CLF)

[greasemonkeyshoes]

option view......
july 6.5c/7.0c debit spread(35 days until expiration):
bid 0.16 mid 0.215 ask 0.27
or
you pay 21.5c(average) for 50c(28.5c max net payout).a bit low for my risk tolerance.
or
mr market says 40% likely for $7.0+ in early july,and his record so far has been pathetic.

are we there yet(round 1)? 80% yes.

are we about to go back(round 2)?? waiting for 100% above,everyone on the same side of the boat again,and i go short: "leverage and capital preservation" playbook.