Options volume is more than double the daily average, with 100k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.49. Implied volatility (IV30) dropped 4.43 to 73.36,in the top quartile, suggesting an expected daily move of $0.33. Put-call skew flattened, suggesting a modestly bullish tone.The company announced earnings after the close on 2025-05-07with option markets having priced in a move of approximately 10.14%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLF:
- Cleveland-Cliffs: Strategic Shifts and Steel Pricing Drive Buy Rating Despite Recent Challenges
- Closing Bell Movers: Arm sinks over 10% as guidance falls short
- Cleveland-Cliffs Reports First-Quarter 2025 Financial Results and Strategic Operational Changes
- Cleveland-Cliffs CEO says ‘have a clear line of sight to stable EBITDA’
- Cleveland-Cliffs cuts FY25 capex view to $625M from $700M