Cleveland-Cliffs call volume above normal and directionally bullish
The Fly

Cleveland-Cliffs call volume above normal and directionally bullish

Bullish option flow detected in Cleveland-Cliffs with 11,270 calls trading, 1.2x expected, and implied vol increasing over 1 point to 46.94%. Jul-24 15.5 calls and 7/12 weekly 17 calls are the most active options, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 0.12. Earnings are expected on July 22nd.

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