Hi Shoppers,

Cleveland Cliffs (Ticker: CLF) has had a really nice rally, trading up 82% since Nov. 3.

That’s huge!

I think there may be what looks like a beautiful doji at the top of this uptrend created yesterday:

I will be looking for CLF to trade lower this morning.

If it does for at least an hour, I will be a buyer of the Jan. 27 $20.50 puts:

I think CLF can trade back down to the 200-day moving average at $18.60.

At the very least, these puts should double.

Thanks for Reading … See You Next Tuesday,

Licia Leslie