Bullish option flow detected in Cleveland-Cliffs with 18,543 calls trading, 1.1x expected, and implied vol increasing over 4 points to 48.65%. Jul-23 19 calls and 5/12 weekly 14.5 puts are the most active options, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 0.57. Earnings are expected on July 21st.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CLF:
- Insiders Pour Millions Into These 2 Beaten-Down Stocks — Here’s Why You Might Want to Ride Their Coattails
- ‘Load Up,’ Says Goldman Sachs About These 3 Metal Stocks
- Cleveland-Cliffs reaches tentative labor pact with IAM for Middletown Works
- Cleveland-Cliffs does not expect to operate Northshore in full anytime this year
- Cleveland-Cliffs says cash flow performance should ramp up ‘signficantly’ in Q2