Bullish option flow detected in Cleveland-Cliffs (CLF) with 36,006 calls trading, 1.1x expected, and implied vol increasing over 5 points to 71.39%. 8/1 weekly 9 calls and 7/3 weekly 7.5 puts are the most active options, with total volume in those strikes near 15,400 contracts. The Put/Call Ratio is 0.26. Earnings are expected on July 21st.
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