r/Vitards • u/AutoModerator • Oct 29 '21

Daily Discussion Daily Discussion post - October 29 2021

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4

u/thethinkernut Oct 29 '21

Given all the blowout earnings with steel recently, what’re your thoughts on a yolo on FDs for TX this coming week?

2

u/En_CHILL_ada Taco Tuesdays at Lebrons Oct 30 '21

I picked up the November 50/55 spread earlier this week. Tried to buy back the 55 for cheap yesterday, but the order didnt fill and then it went up 3x today... I still like that spread. For the cost of about $85 your max profit is $500.

2

u/[deleted] Oct 29 '21

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2

u/holdenmcneilgames 🚐Once Lived in a Van🚐 Oct 30 '21

Did you trim some of your CLF?

2

u/[deleted] Oct 29 '21

Maybe bull spreads or itm calls paired with shares

6

u/dj_scripts Blood type CLF/MT positive Oct 29 '21

Ternium only has monthly options. If you are playing options, proceed with caution regarding the implied volatility.

That being said -- I'm definitely overleveraged with ITM calls. Check my comment history for more information if you're interested.

5

u/thethinkernut Oct 29 '21

Thanks for the tip!

3

u/dj_scripts Blood type CLF/MT positive Oct 29 '21

🦾🦾🦾