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Trade of the Week: CLF

 For investors who follow steel stocks, there may be some good news on the horizon. Steel companies have taken a hit in recent months, including Cleveland-Cliffs (CLF), which is down 14% year-to-date. However, a trader purchased what appears to be a bullish call spread in CLF options that expires in August. This 10,000-lot vertical spread could suggest there is as much as 30% upside in the stock price during the coming summer months. 

If you want more stock income, but don’t want a second job analyzing charts or waiting months for a dividend, this 48-hour strategy is for you. It can generate up to $14,592 per year, takes just a few minutes each week, and is as easy as buying a dividend stock. Click here to see how this 48-hour strategy works now.

This post was originally published on InvestorsAlley