Tour v487
CLF
CLEVELAND-CLIFFS INC
$11.22 -2.60%
$11.25 (+0.27%)🌙
as of 08/03 06:19 PM
(7/31 18:21) ◀
|
Monday, August 3, 2026 (6:19pm)
January 2026
|
▶ (8/4 18:31)
◀ 8/3 18:19 ▶

Option Volume

Detail
ℹ
Current (08/03) 48,560
Calls: 21,366 (44%)
Puts: 27,194 (56%)
Prior (07/31) 42,701
Calls: 25,971 (61%)
Puts: 16,730 (39%)
Current vs Prior +13.72%
Calls: -17.73% (Calls)
Puts: +62.55% (Puts)
Prior 7-Day Total 515,732
Calls: 365,178 (71%)
Puts: 150,554 (29%)
Prior 7-Day Average 73,676
Calls: 52,168 (71%)
Puts: 21,507 (29%)
Current vs Prior 7-Day Avg -34.09%
Calls: -59.04%
Puts: +26.44%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/03) $4.20M
Calls: $1.68M (40%)
Puts: $2.52M (60%)
Prior (07/31) $2.45M
Calls: $1.22M (50%)
Puts: $1.23M (50%)
Current vs Prior +71.48%
Calls: +38.06%
Puts: +104.46%
Prior 7-Day Total $40.59M
Calls: $30.10M (74%)
Puts: $10.49M (26%)
Prior 7-Day Average $5.80M
Calls: $4.30M (74%)
Puts: $1.50M (26%)
Current vs Prior 7-Day Avg -27.49%
Calls: -60.89%
Puts: +68.33%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/03) 1.27
Prior (07/31) 0.64
Current vs Prior +97.58%
Prior 7-Day Average 0.49
Current vs Prior 7-Day Avg +161.45%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/03) 456,796
Calls: 344,469 (75%)
Puts: 112,327 (25%)
Prior (07/31) 450,367
Calls: 356,535 (79%)
Puts: 93,832 (21%)
Current vs Prior +1.43%
Prior 7-Day Total 3,664,585
Calls: 2,812,491 (77%)
Puts: 852,094 (23%)
Prior 7-Day Average 523,512
Calls: 401,784 (77%)
Puts: 121,727 (23%)
Current vs Prior 7-Day Avg -12.74%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 8.82% | 11.85%13.73% | 18.63%
Prior 9.81% | 11.98%14.15% | 18.84%
Current vs Prior -10.05% | -1.05%-3.00% | -1.11%
Prior 7-Day Avg 8.36% | 11.72%15.61% | 19.60%
Current vs 7-Day Avg +5.54% | +1.15%-12.09% | -4.96%
Prior 7-Day Eod 9.81% | 11.98%14.15% | 18.84%
Current vs 7-Day Eod -10.05% | -1.05%-3.00% | -1.11%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 25.30% | 19.77%
Calls: 29.03% | 22.64%
Puts: 21.57% | 16.90%
Prior 25.30% | 19.77%
Calls: 29.03% | 22.64%
Puts: 21.57% | 16.90%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 25.30% | 19.77%
Calls: 29.03% | 22.64%
Puts: 21.57% | 16.90%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bearish flow with 60% put dollar volume ($2.52M). Elevated premium activity with dollar volume up 71% vs prior. Bearish P/C ratio of 1.27 indicates protective positioning. P/C ratio rising 98% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
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 7 of results (avg 8.5%, best 6.5%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Aug 211.031.10$1.076.5%970.712.1K
$10.00Aug 281.461.58$1.527.9%620.78339
$9.00Aug 72.122.31$2.228.6%530.98139
$10.00Aug 211.371.51$1.449.7%1180.814.7K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Aug 210.490.53$0.517.8%1630.413.8K
$11.50Sep 111.021.12$1.079.3%180.50--
$10.50Aug 210.300.33$0.329.4%2030.29958

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 31 found (avg $0.52, cheapest $0.11)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Aug 140.100.12$0.1118.2%2800.171.8K
$13.00Aug 280.190.22$0.2114.3%550.21750
$12.00Aug 140.200.23$0.2213.6%2830.29664
$12.50Aug 210.200.23$0.2213.6%540.255.6K
$13.00Sep 40.240.29$0.2718.5%7660.24156
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Aug 210.170.20$0.1915.8%360.193.8K
$11.00Aug 70.200.24$0.2218.2%1.3K0.37687
$10.00Aug 280.240.28$0.2615.4%100.23102
$10.50Aug 210.300.33$0.329.4%2030.29958
$11.50Aug 70.460.53$0.5014.0%1.3K0.612.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 35 found (avg delta 0.75, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 72.122.31$2.228.6%530.98139
$9.50Aug 71.631.99$1.8119.9%300.95125
$9.00Aug 212.202.50$2.3512.8%1850.925.4K
$9.00Aug 142.082.51$2.3018.7%9280.921.0K
$10.00Aug 71.201.42$1.3116.8%3040.92310
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Aug 71.261.49$1.3816.7%4070.951.7K
$13.00Aug 71.571.91$1.7419.5%5790.914.0K
$13.00Aug 141.632.07$1.8523.8%60.9021
$12.50Aug 141.311.52$1.4214.8%40.821.1K
$13.00Aug 211.792.10$1.9515.9%110.821.3K

Most actively traded options today. High liquidity = easy entry/exit. 87 active (total vol 22.2K, top 2.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.50Aug 210.490.55$0.5211.5%2.7K0.467.2K
$12.00Aug 210.330.37$0.3511.4%1.6K0.3516.3K
$11.50Aug 70.200.25$0.2321.7%1.3K0.402.4K
$12.00Aug 70.080.11$0.1030.0%1.2K0.213.2K
$13.00Aug 70.010.11$0.06166.7%1.1K0.112.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Aug 70.200.24$0.2218.2%1.3K0.37687
$11.50Aug 70.460.53$0.5014.0%1.3K0.612.9K
$10.50Aug 70.070.10$0.0933.3%1.1K0.171.6K
$13.00Aug 71.571.91$1.7419.5%5790.914.0K
$10.00Aug 140.090.12$0.1127.3%5390.151.6K

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 28.6%, max 68.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$13.00Aug 7Sep 11106.3%63.1%68.5%1.1K2.8K
$9.50Aug 7Aug 21102.1%67.2%52.0%71125
$9.00Aug 7Aug 28108.9%75.9%43.6%55139
$10.00Aug 7Sep 486.1%65.3%31.8%333446
$11.00Aug 7Sep 472.6%62.8%15.5%551847
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$13.00Aug 7Aug 21106.3%65.0%63.6%5905.3K
$9.00Aug 7Sep 4108.9%68.3%59.6%201731
$9.50Aug 7Sep 11102.1%68.4%49.4%233459
$10.00Aug 7Sep 1186.1%67.5%27.5%278719
$10.50Aug 7Sep 1175.1%64.5%16.3%1.1K1.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 42 found (best R:R 4.00, avg 1.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$12.50$13.00Aug 28$0.10$0.40$0.104.00$12.60
$12.00$12.50Aug 14$0.11$0.39$0.113.55$12.11
$12.50$13.00Sep 4$0.11$0.39$0.113.55$12.61
$12.00$12.50Aug 28$0.12$0.38$0.123.17$12.12
$11.50$12.00Aug 7$0.13$0.37$0.132.85$11.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$9.50$9.00Aug 28$0.12$0.38$0.123.17$9.38
$9.50$9.00Sep 4$0.12$0.38$0.123.17$9.38
$11.00$10.50Aug 7$0.13$0.37$0.132.85$10.87
$10.50$10.00Aug 14$0.13$0.37$0.132.85$10.37
$10.50$10.00Aug 21$0.13$0.37$0.132.85$10.37

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 53 found (best R:R 3.17, avg 1.12)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$10.50$11.00Aug 7$0.37$0.37$0.132.85$10.87
$10.00$10.50Aug 21$0.37$0.37$0.132.85$10.37
$10.00$10.50Aug 14$0.36$0.36$0.142.57$10.36
$9.00$10.00Aug 28$0.71$0.71$0.292.45$9.71
$10.50$11.00Aug 14$0.35$0.35$0.152.33$10.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$12.00$11.50Aug 7$0.38$0.38$0.123.17$11.62
$12.50$11.50Aug 14$0.73$0.73$0.272.70$11.77
$13.00$12.50Aug 7$0.36$0.36$0.142.57$12.64
$13.00$12.50Aug 21$0.36$0.36$0.142.57$12.64
$12.00$11.50Aug 21$0.35$0.35$0.152.33$11.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.14, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Aug 7Aug 14$0.08108.9%87.7%
$12.50Aug 7Aug 14$0.0870.9%63.4%
$9.50Aug 7Aug 21$0.11102.1%67.2%
$12.00Aug 7Aug 14$0.1272.0%64.5%
$10.50Aug 7Aug 14$0.1375.1%69.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$10.00Aug 7Aug 14$0.0786.1%67.1%
$13.00Aug 7Aug 14$0.11106.3%63.6%
$10.50Aug 7Aug 14$0.1575.1%69.6%
$11.00Aug 7Aug 14$0.1972.6%66.5%
$11.50Aug 7Aug 14$0.1970.4%69.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 35 found (cheapest 6.33% of stock, avg 14.26%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$11.00Aug 7$0.49$0.22$0.71$10.29$11.716.33%
$11.50Aug 7$0.23$0.50$0.73$10.77$12.236.51%
$10.50Aug 7$0.86$0.09$0.95$9.55$11.458.47%
$12.00Aug 7$0.10$0.88$0.98$11.02$12.988.73%
$11.00Aug 14$0.64$0.41$1.05$9.95$12.059.36%
$11.50Aug 14$0.42$0.69$1.11$10.39$12.619.89%
$10.50Aug 14$0.99$0.24$1.23$9.27$11.7310.96%
$11.00Aug 21$0.76$0.51$1.27$9.73$12.2711.32%
$11.50Aug 21$0.52$0.78$1.30$10.20$12.8011.59%
$10.00Aug 7$1.31$0.04$1.35$8.65$11.3512.03%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 100 found (cheapest 0.62% of stock, avg 5.55%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$12.50$10.00Aug 7$0.03$0.04$0.07$9.93$12.57
$13.00$10.00Aug 7$0.06$0.04$0.10$9.90$13.10
$13.00$9.50Aug 14$0.06$0.05$0.11$9.39$13.11
$13.00$9.00Aug 14$0.06$0.05$0.11$8.89$13.11
$12.50$10.50Aug 7$0.03$0.09$0.12$10.38$12.62
$12.00$10.00Aug 7$0.10$0.04$0.14$9.86$12.14
$13.00$10.50Aug 7$0.06$0.09$0.15$10.35$13.15
$12.50$9.50Aug 14$0.11$0.05$0.16$9.34$12.66
$12.50$9.00Aug 14$0.11$0.05$0.16$8.84$12.66
$13.00$10.00Aug 14$0.06$0.11$0.17$9.83$13.17

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 40 found (best R:R 4.00, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
12/1212/13Aug 28$0.40$0.104.00$11.60$12.90
11/1212/12Aug 14$0.39$0.113.55$11.11$12.39
10/1112/13Aug 28$0.39$0.113.55$10.61$12.89
9/1010/11Aug 28$0.38$0.123.17$9.12$10.88
10/1012/12Aug 28$0.38$0.123.17$10.12$11.88
9/1010/10Sep 4$0.38$0.123.17$9.12$10.38
10/1112/12Aug 14$0.37$0.132.85$10.63$11.87
10/1011/12Aug 21$0.37$0.132.85$10.13$11.37
9/1011/12Sep 4$0.37$0.132.85$9.13$11.37
10/1112/12Sep 4$0.37$0.132.85$10.63$12.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 34 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$11.50$12.00$12.50Aug 7$0.06$0.447.33
$12.00$12.50$13.00Aug 14$0.06$0.447.33
$10.00$10.50$11.00Aug 21$0.06$0.447.33
$10.50$11.00$11.50Aug 21$0.07$0.436.14
$11.00$11.50$12.00Aug 21$0.07$0.436.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$9.00$9.50$10.00Aug 14$0.06$0.447.33
$9.00$9.50$10.00Aug 21$0.06$0.447.33
$10.00$10.50$11.00Aug 21$0.06$0.447.33
$9.50$10.00$10.50Aug 14$0.07$0.436.14
$10.00$10.50$11.00Aug 7$0.08$0.425.25

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 $-0.06, 40 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$12.00$13.001:2Sep 11-$0.06$0.94
$9.00$10.001:2Aug 14-$0.40$0.60
$12.50$13.001:2Aug 21-$0.06$0.44
$12.50$13.001:2Aug 7-$0.09$0.41
$12.00$12.501:2Aug 21-$0.09$0.41
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$9.50$9.001:2Aug 14-$0.05$0.45
$10.50$10.001:2Aug 21-$0.06$0.44
$11.00$10.501:2Aug 14-$0.07$0.43
$10.50$10.001:2Aug 28-$0.08$0.42
$12.00$11.501:2Aug 7-$0.12$0.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 20 found (best yield 6.95%, avg 3.12%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$11.50Sep 11$0.780.502.5%6.95%9.45%1--
$11.50Sep 4$0.680.492.5%6.06%8.56%679
$11.50Aug 28$0.590.472.5%5.26%7.75%659729
$12.00Sep 11$0.590.427.0%5.26%12.21%22
$12.00Sep 4$0.520.407.0%4.63%11.59%3864
$11.50Aug 21$0.490.462.5%4.37%6.86%2.7K7.2K
$12.00Aug 28$0.400.367.0%3.57%10.52%24592
$11.50Aug 14$0.350.442.5%3.12%5.61%118412
$12.50Sep 4$0.340.3111.4%3.03%14.44%13247
$12.00Aug 21$0.330.357.0%2.94%9.89%1.6K16.3K

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 21,366
Total Puts 27,194
Put/Call Ratio 1.27
Net Difference -5,828

Prior's Put/Call Breakdown

Total Calls 25,971
Total Puts 16,730
Put/Call Ratio 0.64
Net Difference 9,241

Prior 7-Day Put/Call Summary

Total Calls 365,178
Total Puts 150,554
Average Put/Call Ratio 0.49
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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