Seeking Alpha
  • Ocean Man
    Bought weekly $41.50 puts on CLF for $0.45. This is a small position and a speculative gamble, but they might cut their dividend tonight.
    10/24/12
    Reply (5)
    • Ocean Man: CLF has missed earnings the past 3 quarters. Even if they "beat" tonight, it might not be much of a positive since this quarter's EPS
      10/24/12
    • Ocean Man: projection has come down from $2.20 to $1.07 over the past 90 days (pathetic).
      10/24/12
    • Leont68: you know what your talking about Ocean, following your post with interest.
      10/24/12
    • Ocean Man: Just sold some of those for a 51% gain. They're up 67% now.
      10/24/12
    • Ocean Man: Now they're up about 300%.
      10/24/12