Someone bot 5000 contract Mar 21 call. That's about $50k for call option and I don't think he short CLF since price is low.
These call options expire in 4 days, so the buyer put $200K online that the stock will go up in 4 days to over $21.5. That is a big bet, and the buyer knows something. I;m not selling.
Already double the return. I should have follow that trade. Dang it...
gems:Options (in effect) expire in only three days. Markets are closed on Friday. Makes it even more bullish.
sorry, wrong calculation. It was purchase at $.39/sh, total almost $200k