Bullish option flow detected in Cleveland-Cliffs with 65,079 calls trading, 5x expected, and implied vol increasing over 5 points to 47.48%. Sep-23 16 calls and Oct-23 16 calls are the most active options, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 0.26. Earnings are expected on October 24th.
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