the article talks about people who have a lot of money to invest in a company called Cleveland-Cliffs. These big money investors seem to be guessing if the price of Cleveland-Cliffs' stock will go up or down. The article also talks about how the company is doing, and that some experts think the price of the stock might go up. Read from source...
the gamification of trading options; rampant speculation; oversimplification of sophisticated strategies; reliance on third-party analysis without critical assessment; narrow-minded interpretation of data; cherry-picking of evidence; overemphasis on short-term gains; lack of discussion on risk management and diversification.
1. Cleveland-Cliffs Inc (CLF) is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It operates through one reportable segment - Steelmaking. The company is vertically integrated from mined raw materials to primary steelmaking and downstream finishing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. CLF is a supplier of steel to the automotive industry in North America. The majority of revenue is from the United States.
2. The overall sentiment of big-money investors is split between 50% bullish and 50% bearish. Out of all the special options uncovered, 4 are puts, for a total amount of $464,000, and 4 are calls, for a total amount of $146,317. Predicted price range is $10.0 to $20.0 for Cleveland-Cliffs over the recent three months. Based on trading activity, it appears that significant investors are aiming for a price territory stretching from $10.0 to $20.0 for Cleveland-Cliffs over the recent three months.
3. In terms of liquidity and interest, the mean open interest for Cleveland-Cliffs options trades today is 3870.0 with a total volume of 3,413.00. The largest options trades observed include PUT/CALL trade type with bearish sentiment, and a total trade price of $147.0K and $146.0K. Another PUT trade type with bullish sentiment has a total trade price of $107.0K. The 30-day option volume and interest snapshot for Cleveland-Cliffs indicates that smart money is moving on your favorite stocks.
4. CLF is currently down -5.36% at $12.36 with a volume of 4,472,977. RSI indicators hint that the underlying stock may be approaching oversold. The next earnings are expected to be released in 48 days. 2 market experts have recently issued ratings for this stock, with a consensus target price of $15.75. An analyst from Seaport Global has upgraded their rating to Buy and adjusted the price target to $16. An analyst from Morgan Stanley persists with their Equal-Weight rating on Cleveland-Cliffs, maintaining a target price of $15.
5. Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cleveland-Cliffs with Benzinga Pro for real-time alerts.
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