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Actionable news in CMRE: COSTAMARE Inc,

Here Is A Two-Week Trade On Costamare Inc. For You

Costamare's (CMRE) shares got downgraded today by Morgan Stanley (MS) and given a new, much lower, target price of $7.50 per share on fears of dividend cuts. The stock subsequently collapsed by over 15% in today's session on high volume:

With the violent move, the stock's options' implied volatility (IV) spiked, which gave an attractive opportunity for selling:


As you can see in the chart above, the options are expensive in relative terms. Although I think the company's financial situation is modest to sustain current dividend payments (even though the company paid at...