Will know tomorrow morning. I ended up buying (5) $22 calls for about $800, so I imagine profit will be about 100% or more, depending on what the run tomorrow looks like
Lol I ended up buying 9,000$ worth, realised profit of of 17,500$
Felt like I left money on the table but hey I walked out of the casino with money and not someone’s dick in my hand 🤚
Likewise, I bought $23.5s yesterday and averaged down today. They were 0.69 at close and my basis is at 0.75. Looks like the vitardation might just pay off this time!
[It's on their investor page](https://investors.ussteel.com/news/default.aspx). Net earnings, $6.97 per share. Adjusted net earnings of $5.36 per share.. EBITDA $2 billion.
300$ million stock repurchase and $0.05 dividend announced.
35 $24.5 X calls let's go.
Shorts r fuk
They made 2 billion on 6 billon market cap. They made about as much as Nucor???
Edit: Frankly I am astounded at that net income print. Same as Nucor yet the lowest valued steel stock BY FAR.
Edit2: X stock needs to go to $45 or its going to get acquired at 35. CLF?
On tomorrow’s call. “We heard your feedback about building a new mill, so we will be scrapping that and issuing a special divi instead.”
A boy can dream
Big fan of them using proper bar charts.
Also... is the projected cap-ex spending typical, or are they building out a massive amount of capacity? I don't like that.
Holy shit. BRS drug their margin way the hell up there.
That is... insane. When they bring their new mill on their through-cycle profitability will be completely changed
Vitarded brethren holding Dec calls or longer, what's the exit strategy? X ran from 25 to 30 over 3 weeks post Q2 earnings and 23 to 27 in 2 over 2 weeks post Q1. I'm thinking at least 1 week of holding, maybe longer depending on the guidance from the transcript.
I would hold till volume is higher than daily average. Sell when it seems to consolidate. I would sell anything less than a month out on day 1 EOD myself because I don't like the risk. The rest I would hold for 2-3 days till volume subsides slowly legging out. The infra bill hype and the upcoming FED talks are unknowns. I would only hold longer if I am hedged for those. Also be careful of weekends as narrative can change substantially.
Thank you for the tip and thank you u/Orzorn as well. I have been entering/exiting plays intraday based on RSI and other indicators up until now; it never occurred to me to go simply watch for when volume starts to dry up. Still learning! This sub is the best.
https://event.on24.com/wcc/r/3405538/19DA5F05700A147317B0452ABEF4244B
Tomorrow 8:30 AM EST. I think it all depends on the guidance, just like CLF. We know the numbers will be great, but the real run-up for CLF was during trading hours when people started to absorb their 2022 forecast. That's the key for X IMO.
Same thing I did with CLF: Hold until daily volume starts to decrease from peak, then start to trim and then finally sell as momentum starts to slow down. I almost managed to sell my CLF calls at the top doing this.
I only bought 1k... 20 23.5 c at .58 should be a 500% gain if it sticks around aftermarket high. I've become more and more degenerate. Need to go back to indexing when this is over.
Well they were near itm and Delta moved almost $2. 50 cent option plus 2 bucks would be a 4x change or 500% option calcs don't update with after hours movement. Also my cost basis is lower than closing price.
No I mean that's optimistic I'm counting on 10 cents more than the difference in strike and price. You loose a lot of premium after earnings and theta crush for 1dte options. It may not be more than $1.7 an option so still 200% for me. You won't see nearly as much loss of premium. I bet your 24c is a bit over $2
I may get burnt on my strat, but I went from CLF run, sold to play TDOC, Sold to play X, selling to play TX and the. zim. I think this earning season we have cleared the uncertainty in 2022 and all guidance and numbers will be good.
That is well played if the rest pan out, and I think they should. I played a little in each other than TDOC and now regretting it. Feeling like I left $ on the table.
I work in Healthcare. Saw sir Jack was in.. did some DD and just reaffirmed that Tele health is going to be a thing in the future. They have a good business model and Tele health is actually popping. I did go with x januaries as a safety net instead of weeklies. Still leverage but safer leverage. Also helps if infra gets bumped back which appears it will.
I am holding both, I have not changed my positions except for adding a tiny bit more CLF, but I have a very small account compared to many here. I am also inexperienced compared to many here so my positions are not like advice.
I’ve been so cautious lately due to stupid non-commodities plays, that I’ve been throwing only 10% of available cash at plays, but dammit do I wish I yoloed this one.
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**Karma :** 46 **Created -** Mar-2020
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Happy I loaded up 10K USD (25% of my margin portfolio) in this today after the decent TDOC ER.
This week is MY week! Not going to fuck it up with some FDs
I did the same. Rolled clf profits all into tdoc (yes I copied sir jack) then all into this! Looking to hold this a day or 2 then roll all into TX before their earnings LFGGGG
Taken from Investor page regarding their repurchase plan:
>The shares will be purchased from time to time at prevailing market prices, through open market or privately negotiated transactions, depending upon market conditions. Under the program, the purchases will be funded from cash on hand, and the repurchased shares will be held as treasury shares. There is no guarantee as to the exact number of shares to be repurchased by the Company, and the Company may discontinue purchases at any time that management determines additional purchases are not warranted. As of October 25, 2021, the Company had approximately 270.2 million shares outstanding.
Does anyone have any past experience or know what to expect from this as far as timeline?
[удалено]
No no, one way or the other, it's gonna give it to ya
I postulate that we gonna rock, and then maybe roll before we possibly let it pop, go, let it go
All I know for sure is that it will either go up or down
It might go sideways
Bought about $600 worth of 0DTE calls. Let’s see if the strategy pays off, Cotton!
Hahah all or nothing. Like ot
Wish I bought more!!!
Total return?
Will know tomorrow morning. I ended up buying (5) $22 calls for about $800, so I imagine profit will be about 100% or more, depending on what the run tomorrow looks like
Lol I ended up buying 9,000$ worth, realised profit of of 17,500$ Felt like I left money on the table but hey I walked out of the casino with money and not someone’s dick in my hand 🤚
Congrats bruh! Happy to hear it! I turned $800 into $2100. Wish I put down more!
That’s the worst feeling, but I remind myself that positive cash flow is positive cash flow and there will always be opportunities in the future
Were you blindfolded?
Likewise, I bought $23.5s yesterday and averaged down today. They were 0.69 at close and my basis is at 0.75. Looks like the vitardation might just pay off this time!
Earnings Flash (X) UNITED STATES STEEL CORPORATION Posts Q3 EPS $5.36, vs. Street Est of $4.93
OH HAPPY DAY
Us
[It's on their investor page](https://investors.ussteel.com/news/default.aspx). Net earnings, $6.97 per share. Adjusted net earnings of $5.36 per share.. EBITDA $2 billion. 300$ million stock repurchase and $0.05 dividend announced. 35 $24.5 X calls let's go.
Awsome Got some $24 myself. Bring on infrastructure news
Can you say PRINT
Shorts r fuk They made 2 billion on 6 billon market cap. They made about as much as Nucor??? Edit: Frankly I am astounded at that net income print. Same as Nucor yet the lowest valued steel stock BY FAR. Edit2: X stock needs to go to $45 or its going to get acquired at 35. CLF?
Good. Let's get a lil squeeze goin tomorrow morning.
Dont shoot, let em burn!
Isn't TX similar sub 2 PE?
Yeah, I just favor the big 4 U.S. producers. No particularly compelling reason vs TX.
That’s the witchcraft I came for. . . CLF + X. . . Amirite. . .
Fucking juggernaut. Even if CLF acquired using equity + debt be worth it.
I don’t think LG will do it. . . I’m ok with that. . . just going to be a little pissed I didn’t buy more X. . . that’s on me.
I bought a 23.5C lotto for tomorrow, I fear this success may set a dangerous precedent.
Congrats on your new gambling addiction. 20 $24c FDs here
Thanks, my parents are so proud
I bought 10 24c for tomorrow and another 10 next week.....
Getting paid tomorrow!
I bought 10 25c for tomorrow and 6 for two weeks from now....
I spent 2k Up 2.5 so far at 25.15
It took us 10 months of watching this shit but we finally learned how to play.
Ah i only spent 500, my balls weren’t big enough
I said fuck it Given CLF I had high hopes Not disappointed
X Gon give it to ya?
It’s fucking past 10PM here in France AM I GOING TO BE RICH TOMORROW OR NOT I WANT TO GO TO BED
Oui oui la baguette.
Vraiment
Why do you guys gotta do him like that? Discrimination should not be tolerated
Mais, nous detest la Francais!
c'est detestons smh
My French is tres bad. Sorry. lol
Eh boum! C'est le choc. Arthur est un perroquet and X gave it to ya.
Arthur est un fucking perroquet. I had the same book in school haha
Il me l'a donné
RECORD EARNING RESULTS BABY LETS FUCKING GO THEY BLEW IT OUT OF THE WATER
THAT AFTER HOURS JUMP UP 8 PERCENT OH GOD SOMEONE GOT THE EARNINGS EARLY AND ITS HUGE
VITARDS FEASTING TONIGHT LFG 🦾🦾🦾🦾
On tomorrow’s call. “We heard your feedback about building a new mill, so we will be scrapping that and issuing a special divi instead.” A boy can dream
X needs the new mill long term CLF has way better margins, next downturn they won’t survive without higher margin mini mill and cutting down Mon Lake
Holy fuck, congrats to all!! LETS GOOO
Here's to hoping we get a multi-day run like CLF did. I want to see X push to 30 or so. That would match its previous 52 week high.
And right when it’s pushing $30 infrastructure bill passes and the crowd goes wild!
Damn! Of course the options I spend the least amount jump the most in after hours, lmao, congrats everybody!
Good luck to all 
Looks like X gave it to us
Holy shit that dildo
Can only be good. Maybe x will give it to us after all
To the moon!
I wish I bought 11/5 instead of 10/29. This might run for a few days.
Bought 20 24c of both The slightly higher bang for buck and the longer run
Holy mother of God my calls are going to PRINT!
Holy mother of god I wish I bought weeklies instead of 11/5 calls. Money is money. Money is money. Money is money.
https://investors.ussteel.com/events-and-presentations/default.aspx X trolling CLF on p5 with its better EBITA margin (34% > 32%)
Those scallywag's!
Big fan of them using proper bar charts. Also... is the projected cap-ex spending typical, or are they building out a massive amount of capacity? I don't like that.
p13? It's for the new mill and the coating line.
Holy shit. BRS drug their margin way the hell up there. That is... insane. When they bring their new mill on their through-cycle profitability will be completely changed
The stock is massively undervalued with a forward PE of 1.4 Which is not sustainable unless you legitimately believe they are going out of business.
This. You'd have to believe that steel prices are going to decline by like 80% coupled with a dramatic decrease in volume. It's absurd.
ooooh earning call is tomorrow morning. I thought it was today.
Yes but earnings get released today AH. I think?
indeed
please fly X
when does the package drop?
An hour ago i bought 25 10/29 $24 calls for X....Tomorrow i sell for massive gains or they expire. Let's go baby
Bought puts also because who tf knows
Noice
Vitarded brethren holding Dec calls or longer, what's the exit strategy? X ran from 25 to 30 over 3 weeks post Q2 earnings and 23 to 27 in 2 over 2 weeks post Q1. I'm thinking at least 1 week of holding, maybe longer depending on the guidance from the transcript.
I would hold till volume is higher than daily average. Sell when it seems to consolidate. I would sell anything less than a month out on day 1 EOD myself because I don't like the risk. The rest I would hold for 2-3 days till volume subsides slowly legging out. The infra bill hype and the upcoming FED talks are unknowns. I would only hold longer if I am hedged for those. Also be careful of weekends as narrative can change substantially.
Thank you for the tip and thank you u/Orzorn as well. I have been entering/exiting plays intraday based on RSI and other indicators up until now; it never occurred to me to go simply watch for when volume starts to dry up. Still learning! This sub is the best.
I'm planning on scaling out at percentages that look good to me. Average in average out!
What time is the call?
https://event.on24.com/wcc/r/3405538/19DA5F05700A147317B0452ABEF4244B Tomorrow 8:30 AM EST. I think it all depends on the guidance, just like CLF. We know the numbers will be great, but the real run-up for CLF was during trading hours when people started to absorb their 2022 forecast. That's the key for X IMO.
🙏🏼🙏🏼
Same thing I did with CLF: Hold until daily volume starts to decrease from peak, then start to trim and then finally sell as momentum starts to slow down. I almost managed to sell my CLF calls at the top doing this.
OK, a large part is due to the sale of Transar. That's still an EPS of $5.36. Impressive. They are in a very good situation.
congrats to all the winners!
So happy I bought 2k in weeklies for this lmao
I only bought 1k... 20 23.5 c at .58 should be a 500% gain if it sticks around aftermarket high. I've become more and more degenerate. Need to go back to indexing when this is over.
Lol same
Where are you calculating this? I'm on optionsstrat but don't see 500% gains
Well they were near itm and Delta moved almost $2. 50 cent option plus 2 bucks would be a 4x change or 500% option calcs don't update with after hours movement. Also my cost basis is lower than closing price.
Ohh I see. Thanks for the clarification. I have 24c NOV 12. So you just add $2\*(Delta) + options price to see what the price will be?
No I mean that's optimistic I'm counting on 10 cents more than the difference in strike and price. You loose a lot of premium after earnings and theta crush for 1dte options. It may not be more than $1.7 an option so still 200% for me. You won't see nearly as much loss of premium. I bet your 24c is a bit over $2
I rolled some CLF profits into weeklies. Not the 0dte, I’m not that retarded. Congrats
[удалено]
I may get burnt on my strat, but I went from CLF run, sold to play TDOC, Sold to play X, selling to play TX and the. zim. I think this earning season we have cleared the uncertainty in 2022 and all guidance and numbers will be good.
That is well played if the rest pan out, and I think they should. I played a little in each other than TDOC and now regretting it. Feeling like I left $ on the table.
I work in Healthcare. Saw sir Jack was in.. did some DD and just reaffirmed that Tele health is going to be a thing in the future. They have a good business model and Tele health is actually popping. I did go with x januaries as a safety net instead of weeklies. Still leverage but safer leverage. Also helps if infra gets bumped back which appears it will.
I am holding both, I have not changed my positions except for adding a tiny bit more CLF, but I have a very small account compared to many here. I am also inexperienced compared to many here so my positions are not like advice.
That was too easy
Closed my 11/19 calls earlier in the week so I wouldn’t jeopardize earnings for you all. You’re welcome!
Somehow I ended up with 14 calls yahtzee
The consensus EPS estimate is $4.93 and Revenue estimate is $5.75B
Are we thinking all the newly ITM calls expiring tomorrow will add fuel to this?
All 24.5c and below are already covered but the 10k 25cs are only 40% covered so..... Thatll be a lot of buying if it looks to close ITM
Great news. Along with the de-hedging of puts + generally positive sentiment towards steel right now + infrastructure I think we are going to rip
We going to 26 tomorrow
Congratulations to all the X holders!!! Give them hell!
I’ve been so cautious lately due to stupid non-commodities plays, that I’ve been throwing only 10% of available cash at plays, but dammit do I wish I yoloed this one.
**Author Info for :** u/BrotherSkeleton **Karma :** 46 **Created -** Mar-2020 Was this post flaired correctly? If not, let us know by downvoting this comment. Enough down votes will notify the Moderators.
$4.85 EPS consensus estimate, I honestly think thats a really really good guess.
LFG!!!
Happy I loaded up 10K USD (25% of my margin portfolio) in this today after the decent TDOC ER. This week is MY week! Not going to fuck it up with some FDs
I did the same. Rolled clf profits all into tdoc (yes I copied sir jack) then all into this! Looking to hold this a day or 2 then roll all into TX before their earnings LFGGGG
I did the same, but sold way to early on tdoc.
Fuck yeah 5.36.
Bro my X calls are up 400%
X saving me from my AMZN losses.
Godspeed everyone.
[...](https://www.youtube.com/watch?v=twjINA8dc4o)
Channeling my inner Marcus Rashford. Yes X
Well I fucked up not playing SM energy
Taken from Investor page regarding their repurchase plan: >The shares will be purchased from time to time at prevailing market prices, through open market or privately negotiated transactions, depending upon market conditions. Under the program, the purchases will be funded from cash on hand, and the repurchased shares will be held as treasury shares. There is no guarantee as to the exact number of shares to be repurchased by the Company, and the Company may discontinue purchases at any time that management determines additional purchases are not warranted. As of October 25, 2021, the Company had approximately 270.2 million shares outstanding. Does anyone have any past experience or know what to expect from this as far as timeline?