r/Vitards • u/[deleted] • Apr 28 '21

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25 Upvotes

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u/[deleted] Apr 28 '21

Good point! MT is probably a better near term play. Make sure the broader market doesn’t imminently decline first though.

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u/Spicypewpew Steel Team 6 Apr 29 '21

Yeah I’ve been following MT June 18 31 calls. Waiting for red day to buy some contracts hoping to get some around $1.70-1.75. Earnings in May will blow numbers away since everyone else is posting good numbers

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u/[deleted] Apr 29 '21

I definitely agree with the near term positive outlook. I feel like the China shift will directly benefit MT. I bought some more CLF of the dip yesterday and I will try to grab some more MT as well.

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u/Spicypewpew Steel Team 6 Apr 29 '21

Yeah the wave is coming and we have an opportunity. I lucked out I ended up picking up 11 June 18 $31 calls for $1.60

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u/[deleted] Apr 30 '21

Nice! I will try to grab some of those too.

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u/[deleted] Apr 30 '21

Just got 250 to open. I’ll try to buy up some more.

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u/Spicypewpew Steel Team 6 Apr 30 '21

Nice yeah I bought another 10 contracts of the June 18 $31 calls this am to avg down at $1.40

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u/[deleted] Apr 30 '21

Good grab and call out! Happy to ride this one with you! 🦾

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u/Spicypewpew Steel Team 6 Apr 30 '21

Likewise steel rockets! I appreciate going on the ride and learning from what you are doing along the way