Pre-earnings options volume in Cleveland-Cliffs is normal with calls leading puts 8:5. Implied volatility suggests the market is anticipating a move near 6.0%, or $1.26, after results are released. Median move over the past eight quarters is 6.5%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLF:
- Options Volatility and Implied Earnings Moves Today, April 22, 2024
- Cleveland-Cliffs (CLF) Q1 Earnings Cheat Sheet
- Seaport Research metals/mining analyst hold an analyst/industry conference call
- Unusually active option classes on open April 11th
- Cleveland-Cliffs call volume above normal and directionally bullish
