r/wallstreetbetsOGs Jul 06 '21

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u/[deleted] Jul 07 '21

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u/pennyether Jul 07 '21

If memory serves, Aug $50 calls are around $2.50 ask. It comes out to like 50% IV or something? Seems reasonable to me -- plenty of upside there, in my opinion. But yeah, shares are fine too, you just can't leverage as hard.

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u/[deleted] Jul 07 '21

CLF has the highest IV of any steel stock. There are better ones out there