12:45pm (EST)
We have an update on Cleveland-Cliffs (CLF) as shares have fallen below $11 today.
The portfolio now only has two open directional Alerts, Rocket Companies (RKT) and Snap (SNAP). RKT is getting HUGE bounce today and is up 13%. No action is needed on that Alert but we wanted to let you know we are still monitoring the calls to take possible profits this week, or next.
Most of the Alerts from our last batch are winding down and we are looking at August, September, and possibly October to start our next batch. We still want to be careful before getting too aggressive with calls as we want to see if higher market highs are going to remain in play. If not, we have started a Watchlist for bearish setups and we already have a number of candidates.
We also have a couple of ideas we like that could become official Alerts later this afternoon, or this week, so stay locked-an-loaded.
Alert Update!
Cleveland-Cliffs (CLF, $10.67, down $0.50)
Option: CLF July 16 calls
Expiration Date: July 17th, 2026
Entry Option Price: $0.45 (6/11/2026)
Current Option Price: $0.03
Exit Target: $0.90
Return: -96%
Stop Target: Exit if shares fall below $11
Action: Close the Alert to save the remaining premium.
We tried giving CLF some wiggle room but the drop below $11 today has likely ruined any chance of this Alert making a comeback.