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Cleveland-Cliffs options imply 6.2% move in share price post-earnings

Cleveland-Cliffs options imply 6.2% move in share price post-earnings

Pre-earnings options volume in Cleveland-Cliffs (CLF) is normal with calls leading puts 7:2. Implied volatility suggests the market is anticipating a move near 6.2%, or 70c, after results are released. Median move over the past eight quarters is 6.5%.

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