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Moderately bullish activity in Cleveland-Cliffs (CLF), with shares up $0.12 (+1.52%) near $7.70

Options volume is relatively light, with 12k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.48. Implied volatility (IV30) rose 0.72 to 64.47,above the median, suggesting an expected daily move of $0.31. Put-call skew flattened, suggesting a modestly bullish tone.

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