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Closing My Long CLF Position

|Includes: Cleveland-Cliffs Inc. (CLF)

This is to inform my followers that I closed my CLF position yesterday and no longer have a long position. Total profit was roughly 25% of capital invested since June 2013 as my Sep. $18 covered call gave up virtually all the time value it had. I am going to put this capital to a better use and wait for a pullback in CLF, if it comes, to reopen the covered call. The position was just small and speculative.

Disclosure: I am long CLF.