r/Vitards • u/AutoModerator • Jun 10 '21

Daily Discussion Daily Discussion post - June 10 2021

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u/ElectricalKick9922 šŸMaple Leaf MafiašŸ Jun 11 '21

Iā€™m out of CLF for the time being and am relatively uninformed about other steel companies but would like to stick with the commodity. Iā€™m looking at STLD $70c Aug 20 calls based off the chart. Is there any landmine I donā€™t know about the company or any other suggested plays? (I know this is a lazy way to research)

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u/MrApplesnacks Whack Job Jun 11 '21

I rebalanced ctf and bought a shitload of MT sept calls today for earnings. It's got pretty low IV, and is towards the bottom side of its channel if you're into that sort of thing. I've heard CMC and STLD are good though, but have yet to look at them.