Bullish option flow detected in Cleveland-Cliffs with 14,214 calls trading, 1.3x expected, and implied vol increasing almost 3 points to 61.14%. 10/4 weekly 12.5 calls and 9/27 weekly 12.5 calls are the most active options, with total volume in those strikes near 9,400 contracts. The Put/Call Ratio is 0.10. Earnings are expected on October 21st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLF:
- Cleveland-Cliffs price target lowered to $13.50 from $15 at Morgan Stanley
- Morgan Stanley sees bottom as Cleveland-Cliffs hikes HRC price
- Cleveland-Cliffs announces shareholder approval of arrangement to buy Stelco
- Cleveland-Cliffs says fully committed to Middletown, Ohio project
- U.S. Steel (NYSE:X) Jumps after Wolfe Research Values It at $35-$45 per Share