Options Action: Cliffs Natural Resources (CLF)
How would you like to buy stocks at a discount and get paid to do it?
That is exactly what certain options strategies allow you to do. And with volatility returning to the market, now could be the time to employ such strategies.
Mike Khouw of Cantor Fitzgerald suggests looking at mining stocks and presents an options trade in Cliffs. It follows:
Stock At $58.50
Sell the June 55 Puts for $3.75
How Mikes Trade Makes Money
Profits Above $51.25
Losses Below $51.25
Learn more about this trade. Watch the video now!
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CNBC.com with wires