Tour v490
CLF
CLEVELAND-CLIFFS INC
$12.31 +9.71%
(8/3 18:19) ◀
|
Tuesday, August 4, 2026 (6:31pm)
January 2026
|
▶ (8/5 18:34)
◀ 8/4 18:31 ▶

Option Volume

Detail
ℹ
Current (08/04) 53,192
Calls: 28,201 (53%)
Puts: 24,991 (47%)
Prior (08/03) 48,560
Calls: 21,366 (44%)
Puts: 27,194 (56%)
Current vs Prior +9.54%
Calls: +31.99% (Calls)
Puts: -8.10% (Puts)
Prior 7-Day Total 405,179
Calls: 257,276 (63%)
Puts: 147,903 (37%)
Prior 7-Day Average 57,882
Calls: 36,753 (63%)
Puts: 21,129 (37%)
Current vs Prior 7-Day Avg -8.10%
Calls: -23.27%
Puts: +18.28%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04) $4.02M
Calls: $3.27M (81%)
Puts: $753.4K (19%)
Prior (08/03) $4.20M
Calls: $1.68M (40%)
Puts: $2.52M (60%)
Current vs Prior -4.32%
Calls: +94.44%
Puts: -70.14%
Prior 7-Day Total $33.65M
Calls: $22.69M (67%)
Puts: $10.96M (33%)
Prior 7-Day Average $4.81M
Calls: $3.24M (67%)
Puts: $1.57M (33%)
Current vs Prior 7-Day Avg -16.31%
Calls: +0.88%
Puts: -51.89%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04) 0.89
Prior (08/03) 1.27
Current vs Prior -30.37%
Prior 7-Day Average 0.64
Current vs Prior 7-Day Avg +39.41%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/04) 495,238
Calls: 359,200 (73%)
Puts: 136,038 (27%)
Prior (08/03) 456,796
Calls: 344,469 (75%)
Puts: 112,327 (25%)
Current vs Prior +8.42%
Prior 7-Day Total 3,365,987
Calls: 2,608,140 (77%)
Puts: 757,847 (23%)
Prior 7-Day Average 480,855
Calls: 372,591 (77%)
Puts: 108,263 (23%)
Current vs Prior 7-Day Avg +2.99%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 8.53% | 11.62%14.46% | 18.77%
Prior 8.82% | 11.85%13.73% | 18.63%
Current vs Prior -3.33% | -2.00%+5.35% | +0.74%
Prior 7-Day Avg 8.64% | 11.94%15.44% | 19.47%
Current vs 7-Day Avg -1.31% | -2.71%-6.33% | -3.62%
Prior 7-Day Eod 8.82% | 11.85%13.73% | 18.63%
Current vs 7-Day Eod -3.33% | -2.00%+5.35% | +0.74%
Sentiment BULLISHBEARISH

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

Strong bullish conviction with 81% of dollar volume in calls ($3.27M) vs puts ($753.4K). P/C ratio dropping 30% - sentiment shifting bullish. Call-heavy open interest (359,200 calls vs 136,038 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 BULLISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
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 18 of results (avg 7.0%, best 4.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.00Sep 180.870.91$0.894.5%7820.4612.5K
$10.00Sep 182.582.71$2.654.9%490.839.0K
$12.00Aug 210.860.91$0.895.6%1.4K0.5817.4K
$11.00Aug 211.491.58$1.545.8%1.7K0.8013.5K
$12.00Sep 181.301.38$1.346.0%4150.5918.4K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.00Aug 211.081.15$1.126.2%80.621.3K
$12.00Sep 180.931.01$0.978.2%620.413.5K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 26 found (avg $0.56, cheapest $0.12)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.00Aug 70.110.13$0.1216.7%4120.232.4K
$12.50Aug 70.240.28$0.2615.4%8570.412.3K
$14.00Aug 280.270.31$0.2913.8%910.252.0K
$13.00Aug 140.290.33$0.3112.9%3540.343.3K
$13.50Aug 210.280.33$0.3116.1%3460.28834
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Aug 210.110.13$0.1216.7%2150.131.1K
$11.00Aug 210.200.24$0.2218.2%960.213.8K
$11.50Aug 210.340.38$0.3611.1%990.30738
$11.00Sep 180.520.60$0.5614.3%140.281.9K
$12.00Aug 280.620.74$0.6817.6%130.41295

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 47 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Aug 72.172.42$2.3010.9%351.00355
$10.50Aug 71.761.91$1.848.2%7051.00654
$11.00Aug 71.291.42$1.369.6%1.8K0.94875
$10.00Aug 212.332.54$2.448.6%320.944.8K
$10.00Aug 142.012.46$2.2420.1%370.93148
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.50Aug 72.112.56$2.3419.2%20.966
$14.00Aug 71.642.21$1.9229.7%60.922
$14.50Aug 142.062.83$2.4531.4%10.89--
$13.50Aug 71.151.67$1.4136.9%70.88116
$14.00Aug 141.552.03$1.7926.8%10.851

Most actively traded options today. High liquidity = easy entry/exit. 107 active (total vol 42.9K, top 10.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 70.490.61$0.5521.8%2.8K0.643.7K
$11.00Aug 71.291.42$1.369.6%1.8K0.94875
$11.00Aug 211.491.58$1.545.8%1.7K0.8013.5K
$12.00Aug 210.860.91$0.895.6%1.4K0.5817.4K
$12.50Aug 210.620.66$0.646.3%1.3K0.475.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Aug 70.020.06$0.04100.0%10.6K0.091.5K
$11.50Aug 140.200.30$0.2540.0%3.2K0.263.7K
$11.50Aug 70.060.11$0.0955.6%2.7K0.173.3K
$12.00Aug 210.540.75$0.6532.3%1.4K0.422.0K
$12.50Aug 70.410.58$0.5034.0%1.4K0.591.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 20 strikes (avg 31.7%, max 55.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.00Aug 7Sep 18103.6%70.1%47.8%849.4K
$14.00Aug 7Sep 1899.6%67.9%46.7%4744.0K
$14.50Aug 7Sep 11101.2%70.1%44.5%31--
$10.50Aug 7Aug 2897.7%68.0%43.6%719765
$13.50Aug 7Sep 1186.2%61.1%41.1%175884
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.50Aug 7Sep 1197.7%62.7%55.8%1552.1K
$10.00Aug 7Sep 18103.6%70.1%47.8%1495.5K
$14.00Aug 7Sep 1899.6%67.9%46.7%72
$11.00Aug 7Sep 1891.1%67.3%35.4%10.6K3.4K
$14.50Aug 7Aug 28101.2%76.3%32.6%47

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 53 found (best R:R 4.00, avg 1.58)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$13.00$14.00Sep 4$0.20$0.80$0.204.00$13.20
$13.00$13.50Aug 14$0.12$0.38$0.123.17$13.12
$13.50$14.00Sep 11$0.12$0.38$0.123.17$13.62
$12.50$13.00Aug 7$0.14$0.36$0.142.57$12.64
$13.00$13.50Aug 21$0.14$0.36$0.142.57$13.14
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$11.50$11.00Aug 14$0.10$0.40$0.104.00$11.40
$11.00$10.50Aug 21$0.10$0.40$0.104.00$10.90
$11.00$10.50Aug 28$0.12$0.38$0.123.17$10.88
$11.00$10.00Sep 18$0.26$0.74$0.262.85$10.74
$12.00$11.50Aug 7$0.14$0.36$0.142.57$11.86

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 63 found (best R:R 6.14, avg 1.24)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$10.50$11.00Aug 21$0.40$0.40$0.104.00$10.90
$11.50$12.00Aug 7$0.38$0.38$0.123.17$11.88
$10.00$11.00Sep 18$0.75$0.75$0.253.00$10.75
$10.00$10.50Aug 14$0.37$0.37$0.132.85$10.37
$11.00$11.50Aug 14$0.35$0.35$0.152.33$11.35
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$14.00$13.00Aug 21$0.86$0.86$0.146.14$13.14
$13.00$12.50Aug 14$0.37$0.37$0.132.85$12.63
$14.00$13.00Aug 14$0.73$0.73$0.272.70$13.27
$13.00$12.00Sep 18$0.69$0.69$0.312.23$12.31
$14.00$13.00Sep 18$0.62$0.62$0.381.63$13.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$14.50Aug 7Aug 14$0.06101.2%77.4%
$14.00Aug 7Aug 14$0.0799.6%71.1%
$11.50Aug 7Aug 14$0.1379.7%72.2%
$13.50Aug 7Aug 14$0.1486.2%71.2%
$12.00Aug 7Aug 14$0.1979.8%70.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$10.50Aug 7Aug 14$0.0597.7%76.2%
$13.00Aug 14Aug 21$0.0671.3%71.6%
$11.00Aug 7Aug 14$0.1191.1%75.6%
$14.50Aug 7Aug 14$0.11101.2%77.4%
$11.50Aug 7Aug 14$0.1679.7%72.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 43 found (cheapest 6.17% of stock, avg 15.58%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$12.50Aug 7$0.26$0.50$0.76$11.74$13.266.17%
$12.00Aug 7$0.55$0.23$0.78$11.22$12.786.34%
$11.50Aug 7$0.93$0.09$1.02$10.48$12.528.29%
$12.00Aug 14$0.74$0.43$1.17$10.83$13.179.50%
$12.50Aug 14$0.51$0.69$1.20$11.30$13.709.75%
$11.50Aug 14$1.06$0.25$1.31$10.19$12.8110.64%
$13.00Aug 14$0.31$1.06$1.37$11.63$14.3711.13%
$11.00Aug 7$1.36$0.04$1.40$9.60$12.4011.37%
$13.50Aug 7$0.05$1.41$1.46$12.04$14.9611.86%
$12.50Aug 21$0.64$0.89$1.53$10.97$14.0312.43%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 115 found (cheapest 0.65% of stock, avg 5.91%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$14.00$11.00Aug 7$0.04$0.04$0.08$10.92$14.08
$13.50$11.00Aug 7$0.05$0.04$0.09$10.91$13.59
$14.00$11.50Aug 7$0.04$0.09$0.13$11.37$14.13
$13.50$11.50Aug 7$0.05$0.09$0.14$11.36$13.64
$14.50$10.50Aug 14$0.08$0.07$0.15$10.35$14.65
$13.00$11.00Aug 7$0.12$0.04$0.16$10.84$13.16
$14.00$10.50Aug 14$0.11$0.07$0.18$10.32$14.18
$13.00$11.50Aug 7$0.12$0.09$0.21$11.29$13.21
$14.50$10.00Aug 21$0.14$0.07$0.21$9.79$14.71
$14.50$11.00Aug 14$0.08$0.15$0.23$10.77$14.73

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 35 found (best R:R 4.00, avg credit $0.43)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
11/1212/12Aug 28$0.40$0.104.00$11.10$12.40
11/1212/12Aug 21$0.39$0.113.55$11.11$12.39
12/1214/14Sep 11$0.39$0.113.55$11.61$13.89
12/1314/14Aug 28$0.77$0.233.35$12.23$14.27
12/1212/13Aug 14$0.38$0.123.17$11.62$12.88
12/1213/14Aug 14$0.38$0.123.17$12.12$13.38
12/1213/14Aug 21$0.38$0.123.17$12.12$13.38
11/1212/13Aug 28$0.38$0.123.17$11.12$12.88
12/1214/14Aug 28$0.38$0.123.17$11.62$13.88
10/1012/12Sep 4$0.38$0.123.17$10.12$12.38

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 35 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$11.00$11.50$12.00Aug 7$0.05$0.459.00
$13.50$14.00$14.50Aug 14$0.05$0.459.00
$13.00$13.50$14.00Aug 21$0.05$0.459.00
$11.00$12.00$13.00Sep 18$0.11$0.898.09
$13.00$13.50$14.00Aug 7$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$10.00$10.50$11.00Aug 21$0.05$0.459.00
$10.00$11.00$12.00Sep 18$0.15$0.855.67
$11.00$11.50$12.00Aug 14$0.08$0.425.25
$11.50$12.00$12.50Aug 14$0.08$0.425.25
$11.00$11.50$12.00Aug 7$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. 48 found (best net $-0.10, 43 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$13.00$14.001:2Sep 4-$0.18$0.82
$13.00$14.001:2Sep 18-$0.27$0.73
$12.00$13.001:2Sep 18-$0.44$0.56
$14.00$14.501:2Aug 14-$0.05$0.45
$14.00$14.501:2Aug 21-$0.06$0.44
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$13.00$12.001:2Aug 28-$0.10$0.90
$12.00$11.001:2Sep 18-$0.15$0.85
$14.00$13.001:2Aug 21-$0.26$0.74
$13.00$12.001:2Sep 18-$0.28$0.72
$14.00$13.001:2Aug 14-$0.33$0.67

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 27 found (best yield 7.23%, avg 3.29%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$12.50Sep 11$0.890.541.5%7.23%8.77%1--
$13.00Sep 18$0.870.465.6%7.07%12.67%78212.5K
$12.50Sep 4$0.820.501.5%6.66%8.20%17257
$12.50Aug 28$0.730.501.5%5.93%7.47%259251
$13.00Sep 11$0.720.465.6%5.85%11.45%2211
$12.50Aug 21$0.620.471.5%5.04%6.58%1.3K5.6K
$14.00Sep 18$0.560.3413.7%4.55%18.28%3914.0K
$13.00Aug 28$0.530.415.6%4.31%9.91%177775
$13.50Sep 11$0.520.389.7%4.22%13.89%693
$12.50Aug 14$0.460.471.5%3.74%5.28%4412.0K

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 28,201
Total Puts 24,991
Put/Call Ratio 0.89
Net Difference 3,210

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 257,276
Total Puts 147,903
Average Put/Call Ratio 0.64
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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