Tour v492
CLF
CLEVELAND-CLIFFS INC
$12.65 +2.76%
$12.71 (+0.47%)🌙
as of 08/05 06:34 PM
(8/4 18:31) ◀
|
Wednesday, August 5, 2026 (6:34pm)
January 2026
|
▶ (8/6 18:28)
◀ 8/5 18:34 ▶

Option Volume

Detail
ℹ
Current (08/05) 89,513
Calls: 37,832 (42%)
Puts: 51,681 (58%)
Prior (08/04) 53,192
Calls: 28,201 (53%)
Puts: 24,991 (47%)
Current vs Prior +68.28%
Calls: +34.15% (Calls)
Puts: +106.80% (Puts)
Prior 7-Day Total 324,127
Calls: 198,022 (61%)
Puts: 126,105 (39%)
Prior 7-Day Average 46,303
Calls: 28,288 (61%)
Puts: 18,015 (39%)
Current vs Prior 7-Day Avg +93.32%
Calls: +33.73%
Puts: +186.88%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/05) $10.12M
Calls: $5.95M (59%)
Puts: $4.18M (41%)
Prior (08/04) $4.02M
Calls: $3.27M (81%)
Puts: $753.4K (19%)
Current vs Prior +151.61%
Calls: +81.88%
Puts: +454.22%
Prior 7-Day Total $27.14M
Calls: $18.37M (68%)
Puts: $8.77M (32%)
Prior 7-Day Average $3.88M
Calls: $2.62M (68%)
Puts: $1.25M (32%)
Current vs Prior 7-Day Avg +161.08%
Calls: +126.60%
Puts: +233.33%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05) 1.37
Prior (08/04) 0.89
Current vs Prior +54.15%
Prior 7-Day Average 0.69
Current vs Prior 7-Day Avg +99.19%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/05) 552,617
Calls: 401,689 (73%)
Puts: 150,928 (27%)
Prior (08/04) 495,238
Calls: 359,200 (73%)
Puts: 136,038 (27%)
Current vs Prior +11.59%
Prior 7-Day Total 3,243,034
Calls: 2,493,357 (77%)
Puts: 749,677 (23%)
Prior 7-Day Average 463,290
Calls: 356,193 (77%)
Puts: 107,096 (23%)
Current vs Prior 7-Day Avg +19.28%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 6.32% | 10.67%13.12% | 18.74%
Prior 8.53% | 11.62%14.46% | 18.77%
Current vs Prior -25.86% | -8.13%-9.25% | -0.16%
Prior 7-Day Avg 8.36% | 11.74%15.06% | 19.15%
Current vs 7-Day Avg -24.40% | -9.12%-12.86% | -2.14%
Prior 7-Day Eod 8.53% | 11.62%14.46% | 18.77%
Current vs 7-Day Eod -25.86% | -8.13%-9.25% | -0.16%
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

Massive premium surge with dollar volume up 152% vs prior. Dollar volume significantly above 7-day average (161% higher). Above-average activity with volume up 68% vs prior. Volume explosion - 93% above 7-day average (89,513 vs avg 46,303).

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
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 11 of results (avg 6.3%, best 4.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.50Aug 211.371.43$1.404.3%2820.797.0K
$12.00Sep 181.471.55$1.515.3%2180.6318.5K
$12.50Aug 280.890.94$0.925.4%540.56408
$11.00Aug 211.771.87$1.825.5%6250.8612.1K
$12.00Aug 211.031.09$1.065.7%3.6K0.6816.8K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.00Sep 181.881.98$1.935.2%10.62--
$13.00Sep 41.041.14$1.099.2%220.5256

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 19 found (avg $0.65, cheapest $0.11)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$15.00Aug 210.100.12$0.1118.2%3620.136.8K
$13.00Aug 140.370.45$0.4119.5%2030.433.5K
$15.00Sep 180.410.49$0.4517.8%4960.276.6K
$13.50Aug 280.490.55$0.5211.5%110.38--
$12.50Aug 140.580.68$0.6315.9%2090.572.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 210.360.42$0.3915.4%5830.323.0K
$11.50Sep 40.380.45$0.4216.7%60.2739
$12.50Aug 210.560.64$0.6013.3%4.1K0.433.8K
$12.00Sep 40.550.64$0.6015.0%50.359
$13.00Aug 140.660.78$0.7216.7%110.571.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 49 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Aug 72.072.42$2.2515.6%1460.97681
$10.50Aug 212.182.69$2.4420.9%70.94--
$11.00Aug 71.501.89$1.6923.1%1340.93946
$11.00Aug 141.651.85$1.7511.4%90.911.1K
$11.50Aug 71.171.35$1.2614.3%1.7K0.893.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.50Aug 71.712.17$1.9423.7%21.008
$15.00Aug 72.182.75$2.4723.1%11.00--
$14.00Aug 71.231.84$1.5439.6%880.976
$14.50Aug 141.672.48$2.0838.9%20.905
$13.50Aug 70.791.28$1.0447.1%60.86115

Most actively traded options today. High liquidity = easy entry/exit. 111 active (total vol 61.7K, top 12.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 211.031.09$1.065.7%3.6K0.6816.8K
$13.00Aug 210.510.64$0.5722.8%3.5K0.4611.1K
$12.00Aug 70.710.80$0.7611.8%2.0K0.804.6K
$11.50Aug 71.171.35$1.2614.3%1.7K0.893.1K
$13.50Aug 70.030.08$0.0683.3%1.7K0.15923
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Aug 70.040.05$0.0520.0%12.2K0.0710.7K
$13.50Aug 210.981.50$1.2441.9%7.7K0.6536
$12.50Aug 210.560.64$0.6013.3%4.1K0.433.8K
$12.00Aug 70.040.15$0.10110.0%3.2K0.20804
$13.00Aug 70.200.55$0.3892.1%2.6K0.663.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 19 strikes (avg 54.0%, max 114.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.50Aug 7Sep 11141.2%66.0%114.0%148681
$11.00Aug 7Sep 18140.4%66.2%112.2%1996.7K
$14.50Aug 7Sep 1197.4%64.0%52.2%1.3K166
$11.50Aug 7Aug 28111.8%75.4%48.4%1.8K3.9K
$12.00Aug 7Sep 1891.8%62.4%47.1%2.2K23.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.50Aug 7Sep 11141.2%66.0%114.0%4692.1K
$11.00Aug 7Sep 18140.4%66.2%112.2%12.4K12.5K
$11.50Aug 7Sep 11111.8%62.7%78.3%1.5K1.8K
$15.00Aug 7Sep 18105.2%69.7%51.0%84.9K
$12.00Aug 7Sep 1891.8%62.4%47.1%4.1K4.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 55 found (best R:R 4.56, avg 1.75)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$13.50$14.50Sep 11$0.18$0.82$0.184.56$13.68
$13.50$14.00Aug 28$0.11$0.39$0.113.55$13.61
$13.00$13.50Aug 7$0.12$0.38$0.123.17$13.12
$13.50$14.00Aug 21$0.12$0.38$0.123.17$13.62
$13.00$13.50Sep 4$0.12$0.38$0.123.17$13.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$11.00$10.50Sep 11$0.10$0.40$0.104.00$10.90
$12.00$11.50Aug 14$0.11$0.39$0.113.55$11.89
$13.00$12.50Aug 7$0.13$0.37$0.132.85$12.87
$11.50$11.00Sep 11$0.13$0.37$0.132.85$11.37
$12.50$12.00Aug 7$0.15$0.35$0.152.33$12.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 67 found (best R:R 5.67, avg 1.18)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$11.00$11.50Aug 28$0.39$0.39$0.113.55$11.39
$11.50$12.00Aug 14$0.36$0.36$0.142.57$11.86
$11.00$12.00Sep 4$0.72$0.72$0.282.57$11.72
$12.00$12.50Aug 7$0.34$0.34$0.162.13$12.34
$12.00$12.50Aug 14$0.34$0.34$0.162.12$12.34
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$15.00$14.00Sep 18$0.85$0.85$0.155.67$14.15
$14.50$14.00Aug 7$0.40$0.40$0.104.00$14.10
$13.50$13.00Aug 21$0.37$0.37$0.132.85$13.13
$14.00$13.50Sep 4$0.36$0.36$0.142.57$13.64
$14.00$13.50Aug 21$0.35$0.35$0.152.33$13.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $0.17, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$11.00Aug 7Aug 14$0.06140.4%69.9%
$11.50Aug 7Aug 14$0.07111.8%69.6%
$15.00Aug 14Aug 21$0.0768.2%67.7%
$14.00Aug 7Aug 14$0.1281.7%68.8%
$10.50Aug 7Aug 21$0.19141.2%62.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$10.50Aug 7Aug 14$0.05141.2%90.5%
$11.50Aug 7Aug 14$0.08111.8%69.6%
$14.50Aug 7Aug 14$0.1497.4%64.0%
$12.00Aug 7Aug 14$0.1591.8%67.1%
$12.50Aug 7Aug 14$0.2189.0%68.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 46 found (cheapest 4.43% of stock, avg 14.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$13.00Aug 7$0.18$0.38$0.56$12.44$13.564.43%
$12.50Aug 7$0.42$0.25$0.67$11.83$13.175.30%
$12.00Aug 7$0.76$0.10$0.86$11.14$12.866.80%
$12.50Aug 14$0.63$0.46$1.09$11.41$13.598.62%
$13.50Aug 7$0.06$1.04$1.10$12.40$14.608.70%
$13.00Aug 14$0.41$0.72$1.13$11.87$14.138.93%
$12.00Aug 14$0.97$0.25$1.22$10.78$13.229.64%
$11.50Aug 7$1.26$0.06$1.32$10.18$12.8210.43%
$13.50Aug 14$0.28$1.04$1.32$12.18$14.8210.43%
$12.50Aug 21$0.79$0.60$1.39$11.11$13.8910.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 129 found (cheapest 0.79% of stock, avg 5.87%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$15.00$11.00Aug 14$0.04$0.06$0.10$10.90$15.10
$13.50$11.00Aug 7$0.06$0.05$0.11$10.89$13.61
$15.00$10.50Aug 14$0.04$0.07$0.11$10.39$15.11
$13.50$11.50Aug 7$0.06$0.06$0.12$11.38$13.62
$14.50$11.00Aug 14$0.06$0.06$0.12$10.88$14.62
$14.50$10.50Aug 14$0.06$0.07$0.13$10.37$14.63
$13.50$12.00Aug 7$0.06$0.10$0.16$11.84$13.66
$15.00$10.50Aug 21$0.11$0.05$0.16$10.34$15.16
$15.00$11.50Aug 14$0.04$0.14$0.18$11.32$15.18
$14.00$11.00Aug 14$0.14$0.06$0.20$10.80$14.20

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 42 found (best R:R 4.26, avg credit $0.39)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
12/1314/15Sep 18$0.81$0.194.26$12.19$14.81
12/1314/14Aug 14$0.40$0.104.00$12.60$13.90
12/1314/14Aug 21$0.39$0.113.55$12.61$13.89
11/1214/15Sep 4$0.39$0.113.55$11.11$14.89
10/1112/13Sep 11$0.39$0.113.55$10.61$12.89
12/1212/13Aug 21$0.38$0.123.17$11.62$12.88
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
11/1214/15Aug 28$0.37$0.132.85$11.13$14.87
12/1214/15Sep 4$0.37$0.132.85$11.63$14.87

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 43 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$13.00$14.00$15.00Sep 18$0.07$0.9313.29
$12.50$13.00$13.50Aug 21$0.05$0.459.00
$13.50$14.00$14.50Aug 28$0.05$0.459.00
$11.00$11.50$12.00Aug 14$0.06$0.447.33
$13.50$14.00$14.50Aug 14$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$12.00$12.50$13.00Sep 4$0.05$0.459.00
$12.50$13.00$13.50Aug 14$0.06$0.447.33
$12.00$12.50$13.00Aug 21$0.06$0.447.33
$12.50$13.00$13.50Sep 4$0.06$0.447.33
$11.00$11.50$12.00Sep 11$0.06$0.447.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 50 found (best net $-0.05, 46 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$11.00$12.501:2Sep 11-$0.23$1.27
$14.00$15.001:2Sep 18-$0.21$0.79
$13.50$14.501:2Sep 11-$0.26$0.74
$13.00$14.001:2Sep 18-$0.38$0.62
$12.00$13.001:2Sep 18-$0.49$0.51
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$14.00$12.501:2Sep 11-$0.05$1.45
$12.00$11.001:2Sep 18-$0.14$0.86
$13.00$12.001:2Sep 18-$0.23$0.77
$11.50$11.001:2Aug 21-$0.05$0.45
$11.00$10.501:2Aug 28-$0.06$0.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 26 found (best yield 7.67%, avg 3.02%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$13.00Sep 18$0.970.492.8%7.67%10.43%66312.6K
$13.00Sep 4$0.780.492.8%6.17%8.93%32797
$13.00Aug 28$0.660.472.8%5.22%7.98%222941
$13.00Sep 11$0.650.502.8%5.14%7.91%5433
$14.00Sep 18$0.630.3710.7%4.98%15.65%934.0K
$13.50Sep 4$0.590.426.7%4.66%11.38%3252
$13.00Aug 21$0.510.462.8%4.03%6.80%3.5K11.1K
$13.50Aug 28$0.490.386.7%3.87%10.59%11--
$13.50Sep 11$0.470.416.7%3.72%10.43%472
$14.00Sep 4$0.450.3610.7%3.56%14.23%3633

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 37,832
Total Puts 51,681
Put/Call Ratio 1.37
Net Difference -13,849

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 198,022
Total Puts 126,105
Average Put/Call Ratio 0.69
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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