Bullish option flow detected in Cleveland-Cliffs with 46,342 calls trading, 1.9x expected, and implied vol increasing over 8 points to 61.72%. May-23 20 calls and Apr-23 19 calls are the most active options, with total volume in those strikes near 17,400 contracts. The Put/Call Ratio is 0.46. Earnings are expected on April 21st.
Published first on TheFly
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