ALERT: Portfolio #1 : CLF Dec 24/26 Call credit spread.

We are recommending a call spread on CLF which when completed will give us an iron butterfly when Combined with our current CLF put spread. We are recommending the following specific call spread on CLF. This position will not require any additional margin.

ACTION OPTION NET CREDIT

SELL CLF DEC 24 Call $0.39

BUY CLF DEC 26 Call 0.08

NET CREDIT $0.30 - $0.33

We will be opening this position before the close today.