Bullish option flow detected in Cleveland-Cliffs (CLF) with 33,292 calls trading, 1.5x expected, and implied vol increasing almost 7 points to 107.14%. 4/11 weekly 8 calls and May-25 6 calls are the most active options, with total volume in those strikes near 8,300 contracts. The Put/Call Ratio is 0.17. Earnings are expected on April 21st.
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