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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 57,113 calls trading, 3x expected, and implied vol increasing over 2 points to 56.27%. Apr-25 16 calls and Jan-25 14 calls are the most active options, with total volume in those strikes near 22,700 contracts. The Put/Call Ratio is 0.28. Earnings are expected on October 21st.

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