Tour v394
CLF
CLEVELAND-CLIFFS INC
$10.96 +15.98%
$11.02 (+0.55%)🌙
as of 07/23 06:00 PM
(7/23 14:05) ◀
|
Thursday, July 23, 2026 (6:00pm)
January 2026
|
▶ (7/24 02:01)
◀ 7/23 18:00 ▶

Option Volume

Detail
ℹ
Current (07/23) 159,113
Calls: 129,268 (81%)
Puts: 29,845 (19%)
Prior (07/22) 69,512
Calls: 53,278 (77%)
Puts: 16,234 (23%)
Current vs Prior +128.90%
Calls: +142.63% (Calls)
Puts: +83.84% (Puts)
Prior 7-Day Total 316,305
Calls: 202,046 (64%)
Puts: 114,259 (36%)
Prior 7-Day Average 45,186
Calls: 28,863 (64%)
Puts: 16,322 (36%)
Current vs Prior 7-Day Avg +252.13%
Calls: +347.86%
Puts: +82.84%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/23) $11.15M
Calls: $9.09M (82%)
Puts: $2.05M (18%)
Prior (07/22) $2.97M
Calls: $2.20M (74%)
Puts: $765.6K (26%)
Current vs Prior +275.70%
Calls: +313.11%
Puts: +168.13%
Prior 7-Day Total $20.23M
Calls: $9.59M (47%)
Puts: $10.64M (53%)
Prior 7-Day Average $2.89M
Calls: $1.37M (47%)
Puts: $1.52M (53%)
Current vs Prior 7-Day Avg +285.76%
Calls: +564.03%
Puts: +35.05%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 0.23
Prior (07/22) 0.30
Current vs Prior -24.23%
Prior 7-Day Average 0.59
Current vs Prior 7-Day Avg -60.59%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/23) 755,394
Calls: 548,820 (73%)
Puts: 206,574 (27%)
Prior (07/22) 714,445
Calls: 518,054 (73%)
Puts: 196,391 (27%)
Current vs Prior +5.73%
Prior 7-Day Total 3,510,940
Calls: 2,817,706 (80%)
Puts: 693,234 (20%)
Prior 7-Day Average 501,562
Calls: 402,529 (80%)
Puts: 99,033 (20%)
Current vs Prior 7-Day Avg +50.61%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 6.84% | 10.31%14.96% | 19.53%
Prior 12.17% | 13.76%19.26% | 24.76%
Current vs Prior -43.77% | -25.05%-22.31% | -21.15%
Prior 7-Day Avg 9.06% | 13.97%10.78% | 22.60%
Current vs 7-Day Avg -24.44% | -26.18%+38.75% | -13.62%
Prior 7-Day Eod 12.17% | 13.76%19.26% | 24.76%
Current vs 7-Day Eod -43.77% | -25.05%-22.31% | -21.15%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 25.30% | 19.77%
Calls: 29.03% | 22.64%
Puts: 21.57% | 16.90%
Prior 12.66% | 14.38%
Calls: 13.46% | 18.75%
Puts: 11.86% | 10.00%
Current vs Prior +99.84% | +37.48%
Prior 7-Day Avg 10.42% | 12.59%
Calls: 8.87% | 12.76%
Puts: 11.98% | 12.42%
Current vs 7-Day Avg +142.74% | +57.05%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($9.09M) vs puts ($2.05M). Massive premium surge with dollar volume up 276% vs prior. Dollar volume significantly above 7-day average (286% higher). Unusually high activity with volume up 129% vs prior - elevated interest.

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

No options available for this category

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.36, cheapest $0.13)

CALLS (0)
No calls meet the criteria
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Jul 310.120.14$0.1315.4%1.1K0.191.0K
$10.50Jul 310.240.29$0.2718.5%5470.33210
$9.50Aug 280.260.30$0.2814.3%810.21--
$10.00Aug 210.330.37$0.3511.4%4660.273.7K
$11.50Jul 310.720.82$0.7713.0%8530.6678

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 55 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 141.914.20$3.0674.8%--1.0029
$9.50Aug 141.562.16$1.8632.3%351.00175
$10.00Aug 141.221.40$1.3113.7%641.0091
$9.50Jul 241.371.72$1.5522.6%8.3K0.978.7K
$9.00Jul 241.862.69$2.2836.4%7860.964.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Jul 240.711.14$0.9346.2%3381.00380
$12.50Jul 241.031.82$1.4355.2%461.0030
$13.00Jul 241.452.28$1.8644.6%51.0033
$13.00Jul 311.512.74$2.1357.7%140.9139
$13.00Aug 71.432.40$1.9250.5%50.892

Most actively traded options today. High liquidity = easy entry/exit. 114 active (total vol 122.0K, top 22.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Jul 240.010.02$0.0250.0%22.3K0.0630.2K
$10.00Jul 240.911.20$1.0627.4%14.9K0.9524.2K
$11.00Aug 210.610.88$0.7536.0%10.9K0.5428.2K
$9.50Jul 241.371.72$1.5522.6%8.3K0.978.7K
$11.50Jul 240.050.11$0.0875.0%7.3K0.231.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Jul 240.170.29$0.2352.2%3.3K0.48340
$11.50Jul 240.080.76$0.42161.9%3.1K0.82209
$10.50Jul 240.060.10$0.0850.0%1.5K0.21643
$11.00Jul 310.410.52$0.4723.4%1.3K0.50303
$9.00Jul 240.000.05$0.03166.7%1.2K0.044.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 18 strikes (avg 113.2%, max 264.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Jul 24Aug 28244.5%67.1%264.3%7874.2K
$9.50Jul 24Aug 28171.4%62.1%175.9%8.4K8.8K
$13.00Jul 24Sep 4151.2%62.0%143.9%4621.1K
$10.00Jul 24Aug 28121.7%61.8%96.9%15.0K24.3K
$11.00Jul 24Sep 4109.3%57.4%90.5%4.1K8.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Jul 24Aug 28244.5%67.1%264.3%1.3K4.7K
$13.00Jul 24Sep 4151.2%62.0%143.9%733
$9.50Jul 24Sep 4171.4%75.8%126.3%7924.2K
$10.50Jul 24Aug 28122.3%60.5%102.0%1.5K650
$10.00Jul 24Aug 28121.7%61.8%96.9%5331.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 50 found (best R:R 3.55, avg 1.72)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$11.50$12.00Jul 31$0.11$0.39$0.113.55$11.61
$12.00$12.50Aug 14$0.11$0.39$0.113.55$12.11
$12.00$12.50Aug 21$0.12$0.38$0.123.17$12.12
$12.00$12.50Sep 4$0.12$0.38$0.123.17$12.12
$11.50$12.00Aug 21$0.13$0.37$0.132.85$11.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$13.00$11.50Sep 4$0.36$1.14$0.363.17$12.64
$11.00$9.50Sep 4$0.38$1.12$0.382.95$10.62
$9.50$9.00Aug 14$0.13$0.37$0.132.85$9.37
$10.50$10.00Jul 31$0.14$0.36$0.142.57$10.36
$11.00$10.50Jul 24$0.15$0.35$0.152.33$10.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 58 found (best R:R 3.55, avg 1.04)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$9.00$9.50Aug 7$0.35$0.35$0.152.33$9.35
$10.50$11.00Aug 28$0.35$0.35$0.152.33$10.85
$10.00$10.50Aug 14$0.33$0.33$0.171.94$10.33
$9.50$10.00Aug 28$0.33$0.33$0.171.94$9.83
$10.50$11.00Aug 14$0.32$0.32$0.181.78$10.82
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$12.00$11.50Jul 31$0.39$0.39$0.113.55$11.61
$11.50$11.00Aug 21$0.36$0.36$0.142.57$11.14
$12.00$11.50Aug 21$0.36$0.36$0.142.57$11.64
$13.00$12.50Aug 28$0.35$0.35$0.152.33$12.65
$12.00$11.50Aug 7$0.34$0.34$0.162.12$11.66

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $0.16, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.50Jul 24Jul 31$0.06171.4%73.8%
$10.00Jul 24Jul 31$0.07121.7%74.0%
$12.50Jul 24Jul 31$0.07120.2%77.3%
$12.00Jul 24Jul 31$0.12106.5%74.2%
$10.50Jul 24Jul 31$0.14122.3%72.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Jul 24Jul 31$0.10244.5%122.1%
$10.00Jul 24Jul 31$0.11121.7%74.0%
$10.50Jul 24Jul 31$0.19122.3%72.0%
$12.00Jul 24Jul 31$0.23106.5%74.2%
$11.00Jul 24Jul 31$0.24109.3%69.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 54 found (cheapest 4.47% of stock, avg 15.45%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$11.00Jul 24$0.26$0.23$0.49$10.51$11.494.47%
$11.50Jul 24$0.08$0.42$0.50$11.00$12.004.56%
$10.50Jul 24$0.52$0.08$0.60$9.90$11.105.47%
$11.00Jul 31$0.42$0.47$0.89$10.11$11.898.12%
$10.50Jul 31$0.66$0.27$0.93$9.57$11.438.49%
$12.00Jul 24$0.02$0.93$0.95$11.05$12.958.67%
$11.50Jul 31$0.25$0.77$1.02$10.48$12.529.31%
$10.00Jul 24$1.06$0.02$1.08$8.92$11.089.85%
$10.50Aug 7$0.78$0.36$1.14$9.36$11.6410.40%
$11.00Aug 7$0.58$0.62$1.20$9.80$12.2010.95%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 114 found (cheapest 0.36% of stock, avg 5.78%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$12.00$10.00Jul 24$0.02$0.02$0.04$9.96$12.04
$11.50$10.00Jul 24$0.08$0.02$0.10$9.90$11.60
$12.00$10.50Jul 24$0.02$0.08$0.10$10.40$12.10
$13.00$9.50Jul 31$0.05$0.05$0.10$9.40$13.10
$12.50$9.50Jul 31$0.08$0.05$0.13$9.37$12.63
$11.50$10.50Jul 24$0.08$0.08$0.16$10.34$11.66
$13.00$9.50Aug 7$0.08$0.09$0.17$9.33$13.17
$13.00$10.00Jul 31$0.05$0.13$0.18$9.82$13.18
$13.00$9.00Jul 31$0.05$0.13$0.18$8.82$13.18
$12.00$9.50Jul 31$0.14$0.05$0.19$9.31$12.19

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 22 found (best R:R 2.57, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
10/1012/12Aug 14$0.36$0.142.57$10.14$11.86
9/1011/12Aug 14$0.35$0.152.33$9.15$11.35
9/1010/11Aug 21$0.35$0.152.33$9.15$10.85
10/1011/12Aug 28$0.34$0.162.13$10.16$11.34
10/1012/12Aug 14$0.33$0.171.94$10.17$12.33
10/1012/12Aug 21$0.32$0.181.78$10.18$11.82
10/1012/13Aug 28$0.32$0.181.78$10.18$12.82
10/1011/12Jul 31$0.31$0.191.63$10.19$11.31
10/1112/12Jul 31$0.31$0.191.63$10.69$11.81
10/1012/12Aug 21$0.31$0.191.63$10.19$12.31

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 36 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$11.00$11.50$12.00Jul 31$0.06$0.447.33
$12.00$12.50$13.00Aug 14$0.06$0.447.33
$10.50$11.00$11.50Jul 31$0.07$0.436.14
$10.50$11.00$11.50Jul 24$0.08$0.425.25
$11.00$11.50$12.00Aug 14$0.08$0.425.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$9.50$10.00$10.50Jul 24$0.06$0.447.33
$9.50$10.00$10.50Jul 31$0.06$0.447.33
$10.00$10.50$11.00Jul 31$0.06$0.447.33
$10.00$10.50$11.00Jul 24$0.09$0.414.56
$11.00$11.50$12.00Jul 31$0.09$0.414.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 47 found (best net $-0.08, 43 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$11.00$11.501:2Jul 31-$0.08$0.42
$12.00$12.501:2Aug 14-$0.08$0.42
$12.50$13.001:2Aug 14-$0.09$0.41
$12.00$12.501:2Aug 21-$0.10$0.40
$12.50$13.001:2Aug 28-$0.11$0.39
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$11.00$9.501:2Sep 4-$0.08$1.42
$13.00$11.501:2Sep 4-$0.82$0.68
$11.00$10.501:2Jul 31-$0.07$0.43
$11.00$10.501:2Aug 7-$0.10$0.40
$13.00$12.001:2Aug 7-$0.60$0.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 25 found (best yield 5.93%, avg 2.73%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$11.00Aug 28$0.650.520.4%5.93%6.30%27554
$11.00Aug 21$0.610.540.4%5.57%5.93%10.9K28.2K
$11.50Aug 28$0.560.444.9%5.11%10.04%14145
$11.50Sep 4$0.540.484.9%4.93%9.85%33--
$11.00Aug 14$0.500.440.4%4.56%4.93%99799
$11.00Aug 7$0.490.510.4%4.47%4.84%97198
$12.50Sep 4$0.420.3414.1%3.83%17.88%1--
$11.50Aug 21$0.370.424.9%3.38%8.30%5.4K2.6K
$11.00Jul 31$0.350.500.4%3.19%3.56%1.1K1.6K
$12.00Sep 4$0.350.419.5%3.19%12.68%3--

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 129,268
Total Puts 29,845
Put/Call Ratio 0.23
Net Difference 99,423

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 202,046
Total Puts 114,259
Average Put/Call Ratio 0.59
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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