CLF rallied hard into alert line at VPOC 19.72 supply RBD higher timeframe daily zone. Looks like the proximal edge was tested already Apr 27 so a test of VPOC is next logical place that sellers may resume selling again.
Spike high is above 20.80 and I sold the 21 calls 10 DTE, and got 20%. I had an order resting limit for hours at .10 for 22% and it wouldn't fill. Then then selloff price during lunch, I drop my offer to 0.09 and it fills, only to have it rally again after lunch. WTF!!!!! I think my broker is f*cking with my orders. Either way, my fault, should've been more subborn on my price. They got me.
So not an ideal entry, but it satisfies my minimum credit and safety parameters. Market must make a new high and hold it there through expiration. If they can do that, then they did a lot of work to come get me. I anticipate sellers at this 20 RBD zone to come back in and push back down to 18.50.