Bullish option flow detected in Cleveland-Cliffs with 21,304 calls trading, 3x expected, and implied vol increasing over 1 point to 37.54%. Dec-23 17.5 calls and Jan-24 18 calls are the most active options, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 0.43. Earnings are expected on February 12th.
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