/biz/ - Business & Finance

Fuck you nigger

Rebound coming Tuesday

HRC highest its been since 60 years

All in when cleveland wins tomorrow. It would be a pick of destiny

>>26089360
What happened??

Pic related

>>26089394
>-$229,967 in 1 day
Wew lad

>>26089360
Love seeing Cleveland on this board

>>26089394
you're shitting your pants for Monday I bet

the cope is fucking real in this thread holy shit

>>26089486

Based

>>26089506

Short attack on CLF

>>26089511

Yep

>>26089561

Based

>>26089579

Nope

>>26089776

What cope?

>>26089360
you are going to be sadly mistaken. CLF is just getting started

$40 by may

>>26089507
But can they even produce more of their product with this meme pandemic

>>26089394
You had a million? Why not cash out some of that, jesus

>>26090236
He thought it would go higher because he’s a gay nigger

stay poor

>>26090159

This

>>26090204

Yes

>>26090236

We don't cash out until we get 5 million, anon

>>26090259

It is going higher gay nigger

>>26090498

No U

>>26090609
currently coping in his boomer stock

>>26089394

Imagine having not cashed this shit out and then diversifying $1,000,000 into ETH, BTC, and PRQ.

>>26089394
What the fuck is wrong with you

>>26090637

No one is coping lol. At $50 I have $12 million.

>>26090677

Imagine buying tulips

>>26090726

What's wrong with you?

>>26090829
i admire you CLF chad

>>26090829
ok im triggered

what is clf and what does it do

>>26089443
what does hillary rodham Clinton have to do with all this??

>>26091082
lol FUDding and doesn't even know that a) it's a stock and b) what industry it's in. shut the fuck up gay nigger faggot

>>26090829
ive been with you greasy tranny since oct. cashed out most last week around 18. Going back in hard with 25k on leaps looking for $40 by april. I probably shoudlnt take financial advice from a tranny on a terrorist website with money i cant afford to lose but eh its funny and im bored.

>>26090829
How did you find this gem?

>>26089511
it's only 20%bitcoin dropped 20% the other day and normies and boomers panic sold

>>26091203
obviously i know it's a stock you pajeet

shill me as to why i should buy it over ETH or LINK

>>26089394
Hiw did you hear about this steel company and decide to invest a lot of money in it to begin with?

>>26090236
Its funny you believe he can even cash out. No one will buy his calls

>>26091520
Literally no one gives a fuck if you're too fucking stupid to even 1 google search for what their product is. Fuck off and blow more of your money on indian rugpulls

>>26091641
literally cope

CLF tranny is using you, you have been warned, don't be a retard

https://youtube.com/watch?v=EaePu0-fZ4o

Just watched the new Arthur. I'm sorry for saying Nigger ya'll

>>26089394
>down $229,967.00

fug

>>26090881

Thanks

>>26091082

Largest steel producer in America

>>26091222

Hey man. I have $25s for April. You are in good hands

>>26091363

CLF had 1.65b revenue sitting on 3b mkt cap for Q3.. no brainer

>>26091520

Study history

>>26091752

Rent free

>>26091923

Yep

>>26089443
FUCK BRO WAGMI

>>26092238

Yessir

>>26092205
i have the same calls as you. im kind of scared lol. i hope you are right

>>26089443
I'm glad I bought the dip on EOD Friday. CLF to the moon.
You're talking with future millionaire btw.

>>26092281

Based

>>26092315

Also based. We are gonna make it bros

friendly reminder that CLF-nigger just wants you to buy his heavy ass calls

>>26092337

I did the math

If CLF goes to $50 by July I have 12 million dollars lol

>>26092357

Lol you don't have to buy my calls. The market will buy them as they go ITM, dipshit. I can cash out at anytime. But why would I cash out at 1.2m, 800k or even 600k if we dip to 15s Tuesday when I have the potential to make 12 million?

I'll take dipping to 500k for a chance to make 12 million. Run it

What makes clf better than other steel manufacturers?

>>26092417

Also I must add, that's a IF we dip more. Rose 1.5% AH

>>26092417
>I can cash out at anytime

>>26092449

They own AK Steel and ArcelorMittal USA
They own the only electrical Steel plants in all of America
They are on track for a 6th earnings beat in a row for February
Pro-Forma company revenue with all M&A now sits at 17b with Steel at the highest its been in a long time, HRC being the highest its been since the 1960s

>>26089360
>>26089394
>>26089443
Man with how crypto oriented /biz/ is most of the time, it's cool to see a chad make it on the stock market. Keep it up CLF chad.

>>26092449
It's one of the biggest companies in the industry, if you were going to invest in this sector Cleveland Cliffs is the way to go

>>26092456
Did I fuck up? Would be nice if it prints green this week so I can bet it again

>>26092483

This retard doesn't understand how calls work lol

>>26092532

Thanks brother.

>>26091363
His brother works for the company and told him to buy LEAPs, he didn't DD for shit.

FBI is coming Cleveland F. Tranny and you're going to prison. Here's hoping you panic sold that REFR when it opened at 3.6 the day after you posted this

>>26092549

I have some $22s. You are in good hands. Don't fall for the shakeouts

>>26092575

Nice LARP but I don't have a brother. I wish I had a big brother like Eddy from Ed Edd n' Eddy lol. Suck my fucking dick nigger.

REFR is a good company but I'm still mostly in CLF btw :)

STEEL CHADS UNITE!!

>>26092679

Man I feel your pain bro. From 1.2m to...

>>26092719

Here

CLF needs to get back up there man. They fucking rugpulled the calls I bought in 18s. I'm not selling SHIT though

So go long until china's hunger for steel slows down?

>>26092848

It's unsatiable dude

screencapped the thread, this will go down in history

>>26093224

I either make 12 million or lose it all. Stay tuned.

(I'm not losing it all)

>>26089579
> Monday
anon, I'm not from USA and even I know that it's celebrating the death of black person from Uganda. No trade on Monday.

Can he cash out?

>>26093280
oh fuck, it's King N day, markets closed lol

>>26093365
yes he can sell the contract to someone else before expiry and cash out

>>26093280
>Uganda
I'm pretty sure he was black, not mexican

>>26093386
So someone has to buy this million dollar thing from him? Why should they if it can fall and crash

>>26092868
And why is that?

If you don’t put all your money into PLTR on Tuesday (thanks MLK), you’re ngmi

what are calls, is it basically predicting price will go up to $X by Y date? what if it goes up but not all the way

Fuck Niggers

>>26093365
>>26093404
>>26093559
>>26093612

Okay so with these I have the right to buy CLF at $10 before 2023

So if CLF goes to $50 I have $40 profit on 15,000 shares

If CLF goes to $100 I have $90 profit on 15,000 shares.

Do you see how this works?

Options give you the right to buy the underlying asset at the strike price before expiration

>>26093612
Investopedia is your friend, I don't think you'll come to an understanding from here

If CLF goes to $30 within a month just these are worth 1m lol

>>26093612
If the stock goes up at a faster pace than time the value of the contract goes up, if the stock goes down, crabs, or doesn't go up fast enough the value goes down

How much capital did you start with?

>>26093742
CLF is not going to $50 you absolute fucking mongoloid.

>>26092417
based

>>26093612
It’s literally gambling. I can relate it to sports. Not only are you betting on the Lakers to win. You’re betting they’ll win by 7 points.

So yeah, you’re betting that say GME will be worth $40 by Feb 12 (options always expire on Friday). The further out, the higher the premium. If a stock is doing well on a particular day, price skyrockets, if it’s shitting the bed, price dives down. The closer to the date, the more worthless the contract is if it’s below the target price. You can never lose more then you put in with options.

>>26093808

100k

>>26093822

HAH! CLF should already be at $30 you fucking braindead retard! Why don't you read a little

https://www.amm.com/Article/3970637/HRC-index-hits-all-time-high-of-58cwt.html

>The current index has blown past the previous high-water mark of $56.25 per cwt logged in May 2008. The price now stands at its highest level ever recorded since Fastmarkets started covering this segment of the domestic steel market in 1960.

What happened in 2008??

>>26093955

By the way, what happened in 2008?

>>26089507
>>26089507
>>26089507

LOL

>>26091520
>bviously i know it's a stock you pajeet
>shill me as to why i should buy it over ETH or LINK

I am an Eth maximalist, 100+ Eth. I could explain to you why CLF is a better investment than either right now but I hope you lose all your fgt money you retard so I won't. Fuck off you idiot.

Ok I believe you CLF nigger i will buy $3,000 worth of calls Tuesday thank you sir

>>26093742
>>26093748
>>26093798
>>26093951
thanks for the responses I think i'll do some more research before tuesday. i started crypto a month ago just doing basic buy and hodl and now i want to diversify with stocks as well. plus smg threads look very comfy

>>26093742
im about to buy a couple calls and ride it with you my nigga
is there any specific date and price you reccomend? I know nothing about CLF or steel

>>26089394
I like options but you just can’t sit in that shit. Pic related. When I lost 50% it was ok I could come back from that with options I’ve been fucked so many times on trying to cash out

>>26094145
I did buy 3 feb 14 calls on clev cliff tho Bc of you. Down 40% in 2 days.

>>26092483
>>I can cash out at anytime

I am embarrassed for you. How are you on /smg/ without knowing the most basic of info. /biz/ really is a fucking shitshow since the crypto bullrun. I had a newfag today arguing with me about what a 1x in crypto means. God it fucking hurts.

>>26094064
Calls make you a millionaire. They can also wipe out all your gains.

>>26094100

Buy July $25s or leaps dawg.

>>26094175

Options are liquid you fucking idiot. How do you think Tesla options get traded all day? Absolute retard

>>26094175
damn I hope you told him it means doubling the amount what did he tried to tell you?

>>26089360
Sir this is a Glitch thread now.

>>26094064
>thanks for the responses I think i'll do some more research before tuesday. i started crypto a month ago just doing basic buy and hodl and now i want to diversify with stocks as well. plus smg threads look very comfy

/smg/ is literally the only thread worth while on /biz/ right now. I am honestly scared for you if crypto is new and you are getting advice on 4chan. The majority of crypto threads are shitcoin pajeet scams and all these newfags coming to invest their money are going to lose it all because they lack the most basic knowledge of the Crypto market.... Do you even want to tell me what you invested in and at what price? I will probably make fun of you but honestly your not going to get better advice then right now.

>>26093955
>>26093992
alright i looked at the chart again. ill buy 21st Jan 2022 $20.00 Call on monday. when do they post earnings?

>>26094273
>Options are liquid you fucking idiot. How do you think Tesla options get traded all day? Absolute retard

That was a reply to the nigger who did not understand options you faggot. Not you.

>>26094308

10%... then he posted a calculator picture with the "Maths" for proof. Sigh... you can't even help retards when you try so I don't anymore.

>>26094372
>ill buy 21st Jan 2022 $20.00 Call on monday.
Go further out man. I know it sucks because it's more money but in such a short time frame your chances at losing are exponential.

My last CLF call expired the day before the huge spike. If I was not such a cheapfag I would have made an extra $2,000+.

>>26094372
>ill buy 21st Jan 2022
Shit sorry did not see the 2022. Disregard.

Watching this guy kill himself after a few months of shitting up /biz/ will be pretty gud.

>>26094370
My current portfolio. I started late on grt and prq so I ended up in the red for a while, but now I'm up 4k. I do try DD so its not all blind faith

Kek, you're going to lose everything dipshit because of Biden administration.
No one is going to buy American steel, dumb fuck.

>>26094245

This. Depends on underlying asset movement

>>26089394
CLF chad I bought 12 16 dollar 3/19 CLF calls. I am down 20 percent I also have a 3/19 20 call. Should I roll these into longer dates or will it be fine?

>>26094696

Hunter Biden, please put down the pipe. Infrastructure is coming

>>26094767
Is this an earnings play at all or more a demand play? I am pretty poor do you think 10x FEB 29th 22.5call might pay off huge?

>>26094647
Oof :( he fell for the GRT PRQ Pajeet PND. I bought some GRT on release then sold it the next day for profit. It has dumped since then.

You are kinda fucked for now since your bag holding. There is a chance GRT/PRQ will pump a little if we hit alt season in the next month or two. If that does happen you should sell at least 50% to max depending on how hard you want to gamble.

Let me give you some really good advice you are not going to get anywhere else regarding crypto.

Tech MEANS ABSOLUTE SHIT. The GRT is the future blockchain meme is a perfect example.
You know what has the worst tech in crypto? Bitcoin. Markets are decided by normies and institutions. Neither of which give a fuck about tech until it is sitting in their lap and accessible.

Now is a bad time to invest in BTC / Eth since you are here mid bull market. Wait 2~+ months for BTC/Eth to crash back to average. Sell your shit coins and start dollar cost averaging into BTC/Eth. If you want to gamble on shitcoins like GRT/PRQ make sure it's 10% or less of your profile.

>>26094849
Put the BTC chart on top of CLF.

>>26090829
No you don't. You're quoted $12MM. If no one buys your contracts and the price dissolves ahead of expiration, it's gone. You are learning liquidity lessons.

>>26094979
This person is retarded. His ethos is ass backwards and his approach will lose you money. I’ll help the person since you gave the worst advice of all time. Buy
1. BTC
2. ETH
3. LINK
4. DeFi
The Graph is solid too don’t let this fucking retard who thinks BTC needs to be high tech and change like a Silicon Valley. That’s why they keep missing in crypto. Bitcoin is king anon never forget this.

>>26095255
Do you forget what an option is? He doesn't have to sell it he could just exercise them himself. With 12 million in his account that should be no problem. If he is legit all in he may have to sell a few to get enough cash to start exercising though.

>>26095341
>$339 of BP posted higher in the thread

>>26095442
All he needs is 1k to exectute 10 c option. Then at current prices he will have 1600. He continues doing this until he unwinds all options

the pattern says 1000 eoy. calls are a bigger moon mission than btc, but btc isa certain moon mission and certainty is betetr than shitcoins that are optiosn traders

>>26095631
>CLF $1k eoy
There is a zero percent chance of this happening

>>26095337
Man. You have really bad reading comprehension so i don't even know how to reply back.

>>26094979
>Markets are decided by normies and institutions
this does seem to be the case. but crypto is still in its infancy in terms of its total market cap, when institutions really start to adopt crypto those tech might start to become more exponentially useful. i'll definitely start switching to btc/eth when their runs start though
>>26095337
i had some in btc/eth at first but i figured if "alt season" was coming i'd try going for the next chainlink while btc/eth is busy crabbing.

>>26091586
You can just exercise the option. You won't get theta on the option but if liquidity is low and you can't sell at expiration you just exercise and if you don't have capital in your account to purchase, you just get the difference between strike price and the bid.

Did people on /biz/ actually buy this? Falling for pajeets shilling a shitcoin is 1 thing, but falling for a pajeet shill of a stock---even worse.

>>26095796
Depends on what price you got in Eth/BTC. Eth still has a chance to hit 2k~. Don't get greedy. You are risking all your money hoping for a 100x on an altcoin when you have almost guaranteed profits from blue chips.

Like I said though. Bad time to invest in BTC/ETH since we are somewhere in the bull run. You might get lucky with alt season if it happens but I have seen this scenerio over and over.

Anon buys alt coin. It pumps up and he can cash out for decent money. Does not cash out because "It's going to just keep going higher, I want more money". Shitcoin drops down to 0 and you lose everything. The majority of crypto has followed this path. Don't make the same mistake all the newfags do.

>>26095906
>Did people on /biz/ actually buy this?

I fell for the CLF meme....

Bought at $12 and made some money on call options. CLF Tranny scammed a thousand dollars into my pocket. What a fag.

>>26096169
noted, i'll be careful not to get too greedy, will set myself a mental stoploss. if btc/eth does have a little crash that might be the time for me to pull out of alts to go all in.

can i get a quick rundown on why CLF is so popular right now?

>>26096479
Your going to make it anon. Good luck buddy.

>>26095665
But imagine if it happened

>>26096541
>CLF tranny has been telling people to buy CLF when it was at $5
>Majority of the board listened and made money
>It dropped from $18 the other day to $16
>Newfag paper handed retards complaining that CLF is a scam after they bought high and sold low
>You are here
>CLF steadily grows in price over the next year.
>CLF Tranny posts his 10+mil profit
>People on this board still managed to lose money on CLF and call him a tranny shill

The end.

Going to watch a movie with the girl since I have been shitposting and nerd raging all day. Good luck Anons.

>>26096541
Newfags on /smg/ got liquidated by babby's first options play

>>26096541
Record iron and steel prices particularly HRC. Weakening dollar.
Infrastructure Plan
Extremely high Chinese demand and steel/iron trade tensions between China and Australia.
CLF is vertically integrated which has worked out well for many other companies like TATA or Lakshmi. Both of which have reported 400% and 600% increase in profits respectively.
Most of the guys who listened to the CLF tranny early have made damn good money. I am up nearly 400% on my Jan 2022 21C and 60% on my 25Cs.
Were heading in to a commodity super cycle, they happen every so often.

>>26090609
>CLF forklift driver
The ultimate meme job

>>26093474
>So someone has to buy this million dollar thing from him? Why should they if it can fall and crash
People doing Call Credit Spreads are forced to buy a call along with the one they sell. That's one reason why.

What kind of options are these that you can cash out at any time?

>>26098063
Hi newfriend.... all typical call options can be cashed out at any time.

>>26098063
Easier to exit are long positions, while short position are dangerous and spreads are okayish just make sure you close before expiration like a logical person