Cleveland-Cliffs call volume above normal and directionally bullish
The Fly

Cleveland-Cliffs call volume above normal and directionally bullish

Bullish option flow detected in Cleveland-Cliffs with 23,259 calls trading, 1.3x expected, and implied vol increasing almost 3 points to 51.64%. 9/6 weekly 12.5 calls and Jan-26 12 puts are the most active options, with total volume in those strikes near 7,100 contracts. The Put/Call Ratio is 0.39. Earnings are expected on October 21st.

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