Tour v381
CLF
CLEVELAND-CLIFFS INC
$9.25 +3.01%
$9.24 (-0.05%)🌙
as of 07/21 06:20 PM
(7/20 18:20) ◀
|
Tuesday, July 21, 2026 (6:20pm)
January 2026
|
▶ (7/22 14:05)
◀ 7/21 18:20 ▶

Option Volume

Detail
ℹ
Current (07/21) 53,198
Calls: 26,733 (50%)
Puts: 26,465 (50%)
Prior (07/20) 92,314
Calls: 54,836 (59%)
Puts: 37,478 (41%)
Current vs Prior -42.37%
Calls: -51.25% (Calls)
Puts: -29.39% (Puts)
Prior 7-Day Total 264,371
Calls: 179,471 (68%)
Puts: 84,900 (32%)
Prior 7-Day Average 37,767
Calls: 25,638 (68%)
Puts: 12,128 (32%)
Current vs Prior 7-Day Avg +40.86%
Calls: +4.27%
Puts: +118.20%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/21) $4.70M
Calls: $1.28M (27%)
Puts: $3.41M (73%)
Prior (07/20) $5.64M
Calls: $3.13M (56%)
Puts: $2.51M (44%)
Current vs Prior -16.74%
Calls: -59.09%
Puts: +36.15%
Prior 7-Day Total $16.59M
Calls: $8.91M (54%)
Puts: $7.68M (46%)
Prior 7-Day Average $2.37M
Calls: $1.27M (54%)
Puts: $1.10M (46%)
Current vs Prior 7-Day Avg +98.08%
Calls: +0.63%
Puts: +211.18%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/21) 0.99
Prior (07/20) 0.68
Current vs Prior +44.85%
Prior 7-Day Average 0.47
Current vs Prior 7-Day Avg +112.91%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/21) 478,105
Calls: 383,117 (80%)
Puts: 94,988 (20%)
Prior (07/20) 463,999
Calls: 382,527 (82%)
Puts: 81,472 (18%)
Current vs Prior +3.04%
Prior 7-Day Total 3,347,057
Calls: 2,772,886 (83%)
Puts: 574,171 (17%)
Prior 7-Day Average 478,151
Calls: 396,126 (83%)
Puts: 82,024 (17%)
Current vs Prior 7-Day Avg -0.01%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 11.89% | 14.16%19.35% | 25.19%
Prior 12.58% | 14.48%19.93% | 25.39%
Current vs Prior -5.50% | -2.17%-2.92% | -0.79%
Prior 7-Day Avg 7.70% | 14.06%7.35% | 21.61%
Current vs 7-Day Avg +54.47% | +0.71%+163.37% | +16.54%
Prior 7-Day Eod 12.58% | 14.48%19.93% | 25.39%
Current vs 7-Day Eod -5.50% | -2.17%-2.92% | -0.79%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 10.05% | 12.29%
Calls: 8.11% | 11.76%
Puts: 12.00% | 12.82%
Prior 10.05% | 12.29%
Calls: 8.11% | 11.76%
Puts: 12.00% | 12.82%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 10.05% | 12.29%
Calls: 8.11% | 11.76%
Puts: 12.00% | 12.82%
Current vs 7-Day Avg +0.00% | -0.00%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bearish flow with 73% put dollar volume ($3.41M). Dollar volume significantly above 7-day average (98% higher). Below-average activity with volume down 42% vs prior. P/C ratio rising 45% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 16 of results (avg 6.9%, best 3.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Jul 240.270.28$0.283.6%4.3K0.3310.5K
$9.00Aug 211.021.06$1.043.8%1180.605.2K
$9.00Jul 310.750.80$0.786.4%430.594.5K
$10.00Jul 310.350.38$0.378.1%1390.363.7K
$8.50Aug 71.141.24$1.198.4%20.70--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Jul 241.381.44$1.414.3%1570.78504
$10.00Aug 211.301.37$1.345.2%20.573.6K
$11.00Aug 212.032.15$2.095.7%450.71971
$10.00Jul 240.991.05$1.025.9%130.671.1K
$9.00Aug 210.720.77$0.756.7%320.411.7K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 31 found (avg $0.59, cheapest $0.22)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Jul 310.230.26$0.2512.0%3360.27608
$10.00Jul 240.270.28$0.283.6%4.3K0.3310.5K
$10.00Jul 310.350.38$0.378.1%1390.363.7K
$11.00Aug 210.330.40$0.3718.9%1.9K0.2927.6K
$9.50Jul 240.420.46$0.449.1%1.9K0.478.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.50Jul 240.200.23$0.2213.6%3610.251.2K
$8.00Aug 70.230.27$0.2516.0%410.2192
$8.50Jul 310.280.33$0.3116.1%70.28677
$8.00Aug 210.330.37$0.3511.4%240.233.0K
$8.50Aug 70.370.42$0.4012.5%30.30111

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 27 found (avg delta 0.68, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$7.50Jul 241.682.13$1.9023.7%50.94211
$8.00Jul 241.261.68$1.4728.6%310.8532
$8.00Jul 311.391.59$1.4913.4%2690.82110
$7.50Aug 281.692.42$2.0535.6%450.82--
$8.00Aug 71.271.75$1.5131.8%140.8047
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Jul 241.621.90$1.7615.9%10.86--
$11.00Jul 311.692.07$1.8820.2%50.81292
$10.50Jul 241.381.44$1.414.3%1570.78504
$11.00Aug 212.032.15$2.095.7%450.71971
$10.00Jul 240.991.05$1.025.9%130.671.1K

Most actively traded options today. High liquidity = easy entry/exit. 70 active (total vol 18.1K, top 4.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Jul 240.270.28$0.283.6%4.3K0.3310.5K
$10.00Aug 210.600.73$0.6719.4%2.2K0.435.3K
$9.50Jul 240.420.46$0.449.1%1.9K0.478.0K
$11.00Aug 210.330.40$0.3718.9%1.9K0.2927.6K
$10.50Jul 240.140.20$0.1735.3%1.0K0.231.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 240.390.43$0.419.8%7970.393.6K
$7.50Jul 240.030.05$0.0450.0%6620.06834
$9.00Jul 310.470.60$0.5324.5%4520.41976
$8.50Jul 240.200.23$0.2213.6%3610.251.2K
$8.00Jul 310.150.19$0.1723.5%3110.182.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 15 strikes (avg 92.3%, max 109.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Jul 24Aug 28164.9%81.5%102.4%5814.6K
$10.50Jul 24Aug 28167.8%83.2%101.7%1.0K1.7K
$10.00Jul 24Aug 28164.3%83.8%96.1%4.3K10.5K
$11.00Jul 24Aug 28167.0%85.4%95.6%9385.1K
$9.50Jul 24Aug 28162.6%85.3%90.7%1.9K8.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$8.00Jul 24Aug 21175.5%83.7%109.7%1455.8K
$9.00Jul 24Aug 28164.9%81.5%102.4%8003.6K
$8.50Jul 24Aug 28161.9%81.2%99.3%3621.2K
$11.00Jul 24Aug 21167.0%85.6%95.0%46971
$10.00Jul 24Aug 21164.3%88.7%85.3%154.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 40 found (best R:R 4.00, avg 1.66)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$10.50$11.00Aug 28$0.10$0.40$0.104.00$10.60
$10.00$10.50Jul 24$0.11$0.39$0.113.55$10.11
$10.00$10.50Jul 31$0.12$0.38$0.123.17$10.12
$10.00$10.50Aug 7$0.14$0.36$0.142.57$10.14
$10.00$10.50Aug 21$0.15$0.35$0.152.33$10.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.00$7.50Aug 14$0.12$0.38$0.123.17$7.88
$8.50$8.00Jul 31$0.14$0.36$0.142.57$8.36
$8.50$8.00Aug 14$0.14$0.36$0.142.57$8.36
$8.50$8.00Aug 7$0.15$0.35$0.152.33$8.35
$8.50$8.00Aug 21$0.18$0.32$0.181.78$8.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 47 found (best R:R 4.00, avg 1.11)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$8.50Jul 31$0.40$0.40$0.104.00$8.40
$8.00$8.50Aug 7$0.32$0.32$0.181.78$8.32
$8.50$9.00Jul 24$0.31$0.31$0.191.63$8.81
$8.50$9.00Jul 31$0.31$0.31$0.191.63$8.81
$7.50$9.00Aug 28$0.92$0.92$0.581.59$8.42
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$10.50$10.00Jul 24$0.39$0.39$0.113.55$10.11
$11.00$10.00Jul 31$0.75$0.75$0.253.00$10.25
$11.00$10.00Aug 21$0.75$0.75$0.253.00$10.25
$10.00$9.50Jul 31$0.36$0.36$0.142.57$9.64
$11.00$10.50Jul 24$0.35$0.35$0.152.33$10.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.10, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$11.00Jul 24Jul 31$0.06167.0%109.7%
$10.50Jul 24Jul 31$0.08167.8%109.0%
$8.50Jul 24Jul 31$0.09161.9%103.3%
$9.00Jul 24Jul 31$0.09164.9%107.6%
$10.00Jul 24Jul 31$0.09164.3%108.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$7.50Jul 24Jul 31$0.06164.0%112.0%
$8.50Jul 24Jul 31$0.09161.9%103.3%
$9.50Jul 24Jul 31$0.09162.6%111.6%
$10.00Jul 24Jul 31$0.11164.3%108.0%
$9.00Jul 24Jul 31$0.12164.9%107.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 23 found (cheapest 11.89% of stock, avg 17.54%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$9.00Jul 24$0.69$0.41$1.10$7.90$10.1011.89%
$9.50Jul 24$0.44$0.68$1.12$8.38$10.6212.11%
$8.50Jul 24$1.00$0.22$1.22$7.28$9.7213.19%
$10.00Jul 24$0.28$1.02$1.30$8.70$11.3014.05%
$9.00Jul 31$0.78$0.53$1.31$7.69$10.3114.16%
$9.50Jul 31$0.56$0.77$1.33$8.17$10.8314.38%
$8.50Jul 31$1.09$0.31$1.40$7.10$9.9015.14%
$10.00Jul 31$0.37$1.13$1.50$8.50$11.5016.22%
$9.00Aug 7$0.91$0.62$1.53$7.47$10.5316.54%
$9.50Aug 7$0.68$0.88$1.56$7.94$11.0616.86%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 78 found (cheapest 1.51% of stock, avg 8.38%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$11.00$7.50Jul 24$0.10$0.04$0.14$7.36$11.14
$10.50$7.50Jul 24$0.17$0.04$0.21$7.29$10.71
$11.00$8.00Jul 24$0.10$0.13$0.23$7.77$11.23
$11.00$7.50Jul 31$0.16$0.10$0.26$7.24$11.26
$10.50$8.00Jul 24$0.17$0.13$0.30$7.70$10.80
$10.00$7.50Jul 24$0.28$0.04$0.32$7.18$10.32
$11.00$8.50Jul 24$0.10$0.22$0.32$8.18$11.32
$11.00$8.00Jul 31$0.16$0.17$0.33$7.67$11.33
$10.50$7.50Jul 31$0.25$0.10$0.35$7.15$10.85
$10.50$8.50Jul 24$0.17$0.22$0.39$8.11$10.89

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 27 found (best R:R 4.00, avg credit $0.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
8/910/10Aug 28$0.40$0.104.00$8.60$10.40
8/89/10Aug 21$0.39$0.113.55$8.11$9.39
9/1010/10Jul 24$0.38$0.123.17$9.12$10.38
8/89/10Aug 7$0.38$0.123.17$8.12$9.38
8/910/10Aug 21$0.38$0.123.17$8.62$9.88
8/910/10Aug 21$0.37$0.132.85$8.63$10.37
8/910/11Aug 21$0.37$0.132.85$8.63$10.87
9/1010/11Aug 21$0.74$0.262.85$9.26$11.24
8/89/10Jul 31$0.36$0.142.57$8.14$9.36
9/1010/10Jul 31$0.36$0.142.57$9.14$10.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 23 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$8.50$9.00$9.50Aug 7$0.05$0.459.00
$9.00$9.50$10.00Aug 7$0.05$0.459.00
$9.00$9.50$10.00Aug 21$0.05$0.459.00
$9.50$10.00$10.50Aug 28$0.05$0.459.00
$8.50$9.00$9.50Jul 24$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$9.00$9.50$10.00Aug 7$0.05$0.459.00
$7.50$8.00$8.50Aug 7$0.06$0.447.33
$9.00$9.50$10.00Jul 24$0.07$0.436.14
$7.50$8.00$8.50Jul 31$0.07$0.436.14
$8.00$8.50$9.00Aug 7$0.07$0.436.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 41 found (best net $-0.21, 40 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$7.50$9.001:2Aug 28-$0.21$1.29
$9.00$10.001:2Aug 14-$0.16$0.84
$10.00$10.501:2Jul 24-$0.06$0.44
$10.50$11.001:2Jul 31-$0.07$0.43
$9.50$10.001:2Jul 24-$0.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$9.001:2Aug 21-$0.16$0.84
$11.00$10.001:2Jul 31-$0.38$0.62
$8.00$7.501:2Aug 7-$0.07$0.43
$9.00$8.501:2Jul 31-$0.09$0.41
$8.00$7.501:2Aug 14-$0.09$0.41

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 23 found (best yield 8.97%, avg 4.42%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.50Aug 28$0.830.522.7%8.97%11.68%951
$9.50Aug 21$0.780.512.7%8.43%11.14%1130
$10.00Aug 28$0.650.448.1%7.03%15.14%286
$9.50Aug 7$0.620.502.7%6.70%9.41%25121
$10.00Aug 21$0.600.438.1%6.49%14.59%2.2K5.3K
$9.50Jul 31$0.520.472.7%5.62%8.32%2773.4K
$10.00Aug 14$0.510.418.1%5.51%13.62%4--
$10.50Aug 28$0.500.3713.5%5.41%18.92%336
$10.50Aug 21$0.450.3613.5%4.86%18.38%27113
$10.00Aug 7$0.440.408.1%4.76%12.86%46396

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 26,733
Total Puts 26,465
Put/Call Ratio 0.99
Net Difference 268

Prior's Put/Call Breakdown

Total Calls 54,836
Total Puts 37,478
Put/Call Ratio 0.68
Net Difference 17,358

Prior 7-Day Put/Call Summary

Total Calls 179,471
Total Puts 84,900
Average Put/Call Ratio 0.47
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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