Trade Call on Iron Limited (IR) Options Strategy

9 days ago

"So with Iron, even more, it's going to come with a lot of volatility. But if you're looking for a name to have lower on your totem pole within your portfolio, but one that has huge upside, definitely take a closer look at Iron. I'm going to look to sell the $35 put, giving us plenty of downside still. And that would net me roughly $200 in income per contract. This is on a current $40 stock."

The speaker presents an options trade strategy for Iron Limited by planning to sell a cash secured put at the $35 strike, potentially yielding $200 per contract, which offers an attractive income opportunity and a lower entry point on a volatile stock.

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