{"id":11238,"date":"2021-04-26T11:19:08","date_gmt":"2021-04-26T15:19:08","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=11238"},"modified":"2021-04-26T11:19:08","modified_gmt":"2021-04-26T15:19:08","slug":"made-a-10-contract-and-a-grasshopper-trade-with-clf","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=11238","title":{"rendered":"Made a 10 Contract and a Grasshopper Trade with CLF"},"content":{"rendered":"<p>Cleveland-Cliffs (CLF)\u00a0is a vertically integrated producer of iron ore and steel products. It&#8217;s on Wall Street&#8217;s list of companies that might do well if the infrastructure bill goes through. I&#8217;ve made trades with the stock before so I decided to do a Covered Call for a nice return on the low priced equity. I made a 10 contract trade in my trading account, in addition to making a 1 contract trade in &#8220;The Grasshopper Field.&#8221; I bought 1100 shares at $18.10 and sold a 10 contract Call, plus the 1 contract Call. I sold the CLF 4\/30\/21 $18.50 Calls for a premium of 40\u00a2. This trade fits into my <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=422\">&#8220;1 Week\/1%&#8221;<\/a><\/span> strategy. However, I received a return of 2.2%.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>Buy 1100 Shares CLF @ $18.10<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 10 CLF 4\/30\/21 $18.50 C @ 40\u00a2 (+$400)<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>Grasshopper Trade<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 1 CLF 4\/30\/21 $18.50 C @ 40\u00a2 (+$40)<\/strong><\/p>\n<p>This trade gets a <strong>Risk Factor 1<\/strong>.<\/p>\n<p>You Grasshoppers might want to look into Cleveland-Cliffs.<\/p>\n<hr \/>\n<p>As I was writing I was filled on another trade.<\/p>\n<p>On 4\/19 I bought 500 shares of Roblox (RBLX) at $77.50. At that time I sold a Call but wasn&#8217;t assigned. The stock dropped back $10 but today it&#8217;s fighting back. With the stock at $74.50 I was filled on a 5 contract Call. I sold 5 RBLX 4\/30\/21 $77.50 Calls at $1 for $500. I bought the stock at $77.50 so this is an At-the-Money Call.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 10 RBLX 4\/30\/21 $77.50 C @ $1.00 (+$500)<\/strong><\/p>\n<p>This trade also gets a <strong>Risk factor 1<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cleveland-Cliffs (CLF)\u00a0is a vertically integrated producer of iron ore and steel products. It&#8217;s on Wall Street&#8217;s list of companies that might do well if the infrastructure bill goes through. I&#8217;ve made trades with the stock before so I decided to do a Covered Call for a nice return on the low priced equity. I made [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-11238","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2Vg","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11238"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11238\/revisions"}],"predecessor-version":[{"id":11240,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11238\/revisions\/11240"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}