Cleveland-Cliffs call volume above normal and directionally bullish

Bullish option flow detected in Cleveland-Cliffs with 18,139 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 60.21%. 12/30 weekly 17 calls and Jul-23 23 calls are the most active options, with total volume in those strikes near 8,300 contracts. The Put/Call Ratio is 0.44. Earnings are expected on February 10th.