Mixed options sentiment in Cleveland-Cliffs (CLF), with shares down 10c near $7.08. Options volume relatively light with 4843 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) is higher by 1.9 points near 71.04,in the top quartile of the past year, suggesting an expected daily move of $0.32. Put-call skew flattened, suggesting a modestly bullish tone.
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