Hi Shoppers,

I would just like to share with you this tremendous trade in Cleveland Cliffs (Ticker: CLF) I closed out on yesterday in Option Shopper.

Click right here to see how it went.

Where to now?

Cleveland Cliffs (Ticker:  CLF) has had a nice run up.

Check out the chart:

Yesterday’s candle is bearish engulfing.

I think it is possible for CLF to trade back down to that $17.60 level.

Remember, old resistance is new support.

I will wait for a confirmation today watching for CLF to open and trade lower before I hop into any puts.

Next Friday’s 19.5-strike puts are only $.60:

Could be a good quick cheap shot. 

My favorite kind of trade!

Thanks for Reading … See You Next Tuesday.

Licia Leslie