Bullish option flow detected in Cleveland-Cliffs (CLF) with 22,392 calls trading, 1.7x expected, and implied vol increasing almost 8 points to 81.04%. Dec-27 15 calls and 5/30 weekly 6.5 puts are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.32. Earnings are expected on July 21st.
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