Bullish option flow detected in Cleveland-Cliffs with 10,875 calls trading, 1.6x expected, and implied vol increasing almost 3 points to 36.40%. Jul-24 17 calls and 7/26 weekly 16 calls are the most active options, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 0.39. Earnings are expected on July 22nd.
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