By Dan Darrow

December 15, 2022

Intraday Update: CLF

CLF has been hanging around and hanging around, waiting for a decisive break of 16, but peer NUE has changed that this morning. A warning on guidance from the latter is weighing on Steel stocks early, knocking CLF down near the 15 level and hitting the debit stop loss for the Jan20 $16 call. The trade will be closed this morning.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication