Tour v388
CLF
CLEVELAND-CLIFFS INC
$9.45 +2.16%
$9.46 (+0.11%)🌙
as of 07/22 06:01 PM
(7/22 14:05) ◀
|
Wednesday, July 22, 2026 (6:01pm)
January 2026
|
▶ (7/23 09:35)
◀ 7/22 18:01 ▶

Option Volume

Detail
ℹ
Current (07/22) 69,512
Calls: 53,278 (77%)
Puts: 16,234 (23%)
Prior (07/21) 53,198
Calls: 26,733 (50%)
Puts: 26,465 (50%)
Current vs Prior +30.67%
Calls: +99.30% (Calls)
Puts: -38.66% (Puts)
Prior 7-Day Total 290,357
Calls: 183,200 (63%)
Puts: 107,157 (37%)
Prior 7-Day Average 41,479
Calls: 26,171 (63%)
Puts: 15,308 (37%)
Current vs Prior 7-Day Avg +67.58%
Calls: +103.57%
Puts: +6.05%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22) $2.97M
Calls: $2.20M (74%)
Puts: $765.6K (26%)
Prior (07/21) $4.70M
Calls: $1.28M (27%)
Puts: $3.41M (73%)
Current vs Prior -36.82%
Calls: +71.78%
Puts: -77.58%
Prior 7-Day Total $19.99M
Calls: $9.19M (46%)
Puts: $10.79M (54%)
Prior 7-Day Average $2.86M
Calls: $1.31M (46%)
Puts: $1.54M (54%)
Current vs Prior 7-Day Avg +3.91%
Calls: +67.58%
Puts: -50.34%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22) 0.30
Prior (07/21) 0.99
Current vs Prior -69.22%
Prior 7-Day Average 0.58
Current vs Prior 7-Day Avg -47.49%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22) 714,445
Calls: 518,054 (73%)
Puts: 196,391 (27%)
Prior (07/21) 478,105
Calls: 383,117 (80%)
Puts: 94,988 (20%)
Current vs Prior +49.43%
Prior 7-Day Total 3,326,493
Calls: 2,741,421 (82%)
Puts: 585,072 (18%)
Prior 7-Day Average 475,213
Calls: 391,631 (82%)
Puts: 83,581 (18%)
Current vs Prior 7-Day Avg +50.34%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 12.17% | 13.76%19.26% | 24.76%
Prior 11.89% | 14.16%19.35% | 25.19%
Current vs Prior +2.33% | -2.86%-0.48% | -1.70%
Prior 7-Day Avg 8.33% | 13.99%9.05% | 22.11%
Current vs 7-Day Avg +46.03% | -1.66%+112.85% | +11.98%
Prior 7-Day Eod 11.89% | 14.16%19.35% | 25.19%
Current vs 7-Day Eod +2.33% | -2.86%-0.48% | -1.70%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 12.66% | 14.38%
Calls: 13.46% | 18.75%
Puts: 11.86% | 10.00%
Prior 10.05% | 12.29%
Calls: 8.11% | 11.76%
Puts: 12.00% | 12.82%
Current vs Prior +25.97% | +17.01%
Prior 7-Day Avg 10.05% | 12.29%
Calls: 8.11% | 11.76%
Puts: 12.00% | 12.82%
Current vs 7-Day Avg +25.97% | +17.01%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($2.20M). Extreme bullish P/C ratio of 0.30 - heavy call buying (53,278 calls vs 16,234 puts). P/C ratio dropping 69% - sentiment shifting bullish. Call-heavy open interest (518,054 calls vs 196,391 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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 20 of results (avg 7.7%, best 3.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.50Jul 240.540.56$0.553.6%1.3K0.528.5K
$9.00Jul 310.900.95$0.935.4%9250.644.6K
$9.00Aug 211.121.19$1.166.0%4140.635.3K
$9.50Aug 210.880.94$0.916.6%950.5441
$10.00Aug 210.670.72$0.707.1%1.2K0.464.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Jul 241.201.29$1.257.2%60.72641
$10.50Jul 311.281.38$1.337.5%1290.69260
$9.00Aug 210.630.68$0.667.6%3540.371.7K
$10.50Aug 71.371.49$1.438.4%--0.6657
$10.00Aug 281.221.33$1.278.7%--0.5319

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 26 found (avg $0.66, cheapest $0.15)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Jul 240.140.16$0.1513.3%3.3K0.195.7K
$10.50Jul 240.220.24$0.238.7%4610.282.5K
$10.00Jul 240.340.38$0.3611.1%14.3K0.3911.9K
$11.00Aug 210.360.41$0.3912.8%2.6K0.3027.8K
$10.00Jul 310.440.48$0.468.7%1.2K0.413.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 240.320.39$0.3619.4%1.4K0.343.8K
$9.00Jul 310.420.48$0.4513.3%340.36888
$9.00Aug 70.490.59$0.5418.5%50.37133
$9.00Aug 210.630.68$0.667.6%3540.371.7K
$9.50Jul 310.620.72$0.6714.9%60.48482

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 36 found (avg delta 0.66, highest 0.91)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 241.161.92$1.5449.4%1630.9153
$8.00Jul 311.131.92$1.5351.6%390.84323
$8.00Aug 71.452.27$1.8644.1%530.8158
$8.50Jul 241.081.18$1.138.8%550.80293
$8.00Aug 141.512.44$1.9847.0%10.803
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Jul 241.302.17$1.7450.0%710.80342
$11.00Jul 311.462.07$1.7734.5%590.77292
$11.00Aug 71.752.84$2.3047.4%--0.7481
$10.50Jul 241.201.29$1.257.2%60.72641
$11.00Aug 211.852.05$1.9510.3%220.70966

Most actively traded options today. High liquidity = easy entry/exit. 67 active (total vol 39.5K, top 14.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Jul 240.340.38$0.3611.1%14.3K0.3911.9K
$11.00Jul 240.140.16$0.1513.3%3.3K0.195.7K
$11.00Aug 210.360.41$0.3912.8%2.6K0.3027.8K
$10.50Aug 210.490.55$0.5211.5%2.0K0.38140
$9.50Jul 240.540.56$0.553.6%1.3K0.528.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.50Jul 240.520.67$0.6025.0%4.3K0.481.7K
$9.00Jul 240.320.39$0.3619.4%1.4K0.343.8K
$8.50Jul 240.140.18$0.1625.0%9080.201.5K
$8.50Jul 310.220.31$0.2733.3%4260.24679
$9.00Aug 210.630.68$0.667.6%3540.371.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 144.7%, max 171.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$11.00Jul 24Aug 28220.5%81.2%171.6%3.3K5.7K
$10.00Jul 24Aug 28211.0%82.3%156.4%14.3K12.0K
$10.50Jul 24Aug 28214.0%84.0%154.8%4682.5K
$9.00Jul 24Aug 28206.9%81.7%153.2%3154.3K
$9.50Jul 24Aug 28208.9%84.3%147.7%1.3K8.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$11.00Jul 24Aug 21220.5%82.7%166.7%931.3K
$10.50Jul 24Aug 21214.0%83.3%156.9%126741
$10.00Jul 24Aug 28211.0%82.3%156.4%491.1K
$9.00Jul 24Aug 28206.9%81.7%153.2%1.4K3.8K
$9.50Jul 24Aug 21208.9%82.8%152.2%4.4K1.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 47 found (best R:R 4.00, avg 1.54)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$10.50$11.00Aug 7$0.12$0.38$0.123.17$10.62
$10.00$10.50Jul 24$0.13$0.37$0.132.85$10.13
$10.50$11.00Aug 21$0.13$0.37$0.132.85$10.63
$10.00$10.50Aug 28$0.14$0.36$0.142.57$10.14
$10.00$10.50Aug 14$0.15$0.35$0.152.33$10.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.50$8.00Jul 24$0.10$0.40$0.104.00$8.40
$8.50$8.00Jul 31$0.11$0.39$0.113.55$8.39
$8.50$8.00Aug 7$0.15$0.35$0.152.33$8.35
$8.50$8.00Aug 14$0.15$0.35$0.152.33$8.35
$8.50$8.00Aug 28$0.16$0.34$0.162.12$8.34

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 54 found (best R:R 9.00, avg 1.20)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$9.00Aug 14$0.90$0.90$0.109.00$8.90
$8.50$9.00Jul 24$0.33$0.33$0.171.94$8.83
$8.50$9.00Aug 7$0.31$0.31$0.191.63$8.81
$8.00$8.50Jul 31$0.30$0.30$0.201.50$8.30
$8.50$9.00Jul 31$0.30$0.30$0.201.50$8.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$10.00$9.50Aug 21$0.39$0.39$0.113.55$9.61
$10.50$10.00Jul 24$0.36$0.36$0.142.57$10.14
$10.50$10.00Aug 7$0.36$0.36$0.142.57$10.14
$10.50$10.00Aug 14$0.36$0.36$0.142.57$10.14
$10.50$10.00Aug 21$0.36$0.36$0.142.57$10.14

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $0.09, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$10.50Jul 24Jul 31$0.06214.0%111.4%
$11.00Jul 24Jul 31$0.06220.5%115.4%
$9.50Jul 24Jul 31$0.08208.9%110.8%
$8.50Jul 24Jul 31$0.10191.9%112.8%
$10.00Jul 24Jul 31$0.10211.0%115.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.50Jul 24Jul 31$0.07208.9%110.8%
$10.50Jul 24Jul 31$0.08214.0%111.4%
$9.00Jul 24Jul 31$0.09206.9%113.3%
$10.00Jul 24Jul 31$0.09211.0%115.7%
$8.00Jul 24Jul 31$0.10185.4%116.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 35 found (cheapest 12.17% of stock, avg 18.53%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$9.50Jul 24$0.55$0.60$1.15$8.35$10.6512.17%
$9.00Jul 24$0.80$0.36$1.16$7.84$10.1612.28%
$10.00Jul 24$0.36$0.89$1.25$8.75$11.2513.23%
$8.50Jul 24$1.13$0.16$1.29$7.21$9.7913.65%
$9.50Jul 31$0.63$0.67$1.30$8.20$10.8013.76%
$9.00Jul 31$0.93$0.45$1.38$7.62$10.3814.60%
$10.00Jul 31$0.46$0.98$1.44$8.56$11.4415.24%
$10.50Jul 24$0.23$1.25$1.48$9.02$11.9815.66%
$8.50Jul 31$1.23$0.27$1.50$7.00$10.0015.87%
$9.50Aug 7$0.75$0.78$1.53$7.97$11.0316.19%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 69 found (cheapest 2.22% of stock, avg 9.57%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$11.00$8.00Jul 24$0.15$0.06$0.21$7.79$11.21
$10.50$8.00Jul 24$0.23$0.06$0.29$7.71$10.79
$11.00$8.50Jul 24$0.15$0.16$0.31$8.19$11.31
$11.00$8.00Jul 31$0.21$0.16$0.37$7.63$11.37
$10.50$8.50Jul 24$0.23$0.16$0.39$8.11$10.89
$10.00$8.00Jul 24$0.36$0.06$0.42$7.58$10.42
$10.50$8.00Jul 31$0.29$0.16$0.45$7.55$10.95
$11.00$8.50Jul 31$0.21$0.27$0.48$8.02$11.48
$11.00$8.00Aug 7$0.27$0.21$0.48$7.52$11.48
$11.00$9.00Jul 24$0.15$0.36$0.51$8.49$11.51

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 31 found (best R:R 3.55, avg credit $0.35)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
8/910/10Jul 24$0.39$0.113.55$8.61$9.89
9/1010/10Jul 31$0.39$0.113.55$9.11$10.39
8/910/10Aug 14$0.39$0.113.55$8.61$9.89
8/810/10Aug 28$0.39$0.113.55$8.11$9.89
8/910/10Aug 7$0.38$0.123.17$8.62$9.88
9/1010/11Aug 21$0.38$0.123.17$9.12$10.88
8/89/10Aug 28$0.38$0.123.17$8.12$9.38
8/910/11Aug 28$0.38$0.123.17$8.62$10.88
9/1010/10Jul 24$0.37$0.132.85$9.13$10.37
9/1010/11Aug 7$0.36$0.142.57$9.14$10.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 28 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
$9.50$10.00$10.50Aug 14$0.05$0.459.00
$9.00$9.50$10.00Jul 24$0.06$0.447.33
$9.50$10.00$10.50Jul 24$0.06$0.447.33
$9.00$9.50$10.00Aug 7$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$9.00$9.50$10.00Jul 24$0.05$0.459.00
$9.00$9.50$10.00Aug 7$0.05$0.459.00
$8.50$9.00$9.50Aug 7$0.06$0.447.33
$8.50$9.00$9.50Aug 14$0.06$0.447.33
$9.50$10.00$10.50Jul 24$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. 40 found (best net $-0.18, 40 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$9.001:2Aug 14-$0.18$0.82
$10.50$11.001:2Jul 24-$0.07$0.43
$10.00$10.501:2Jul 24-$0.10$0.40
$10.00$10.501:2Jul 31-$0.12$0.38
$10.50$11.001:2Jul 31-$0.13$0.37
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$9.001:2Aug 28-$0.23$0.77
$8.50$8.001:2Aug 7-$0.06$0.44
$9.00$8.501:2Jul 31-$0.09$0.41
$8.50$8.001:2Aug 21-$0.11$0.39
$9.50$9.001:2Jul 24-$0.12$0.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 24 found (best yield 9.52%, avg 5.02%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.50Aug 28$0.900.550.5%9.52%10.05%2154
$9.50Aug 21$0.880.540.5%9.31%9.84%9541
$9.50Aug 14$0.750.530.5%7.94%8.47%118219
$9.50Aug 7$0.700.530.5%7.41%7.94%73130
$10.00Aug 28$0.690.475.8%7.30%13.12%--87
$10.00Aug 21$0.670.465.8%7.09%12.91%1.2K4.9K
$9.50Jul 31$0.590.520.5%6.24%6.77%7123.4K
$10.00Aug 14$0.550.445.8%5.82%11.64%5195
$9.50Jul 24$0.540.520.5%5.71%6.24%1.3K8.5K
$10.50Aug 28$0.530.4011.1%5.61%16.72%737

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 53,278
Total Puts 16,234
Put/Call Ratio 0.30
Net Difference 37,044

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 183,200
Total Puts 107,157
Average Put/Call Ratio 0.58
Ratio Trend Falling

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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