Bullish option flow detected in Cleveland-Cliffs with 37,468 calls trading, 1.4x expected, and implied vol increasing over 2 points to 55.25%. 9/13 weekly 11 calls and Jan-25 9 puts are the most active options, with total volume in those strikes near 9,200 contracts. The Put/Call Ratio is 0.55. Earnings are expected on October 21st.
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