Tour v494
CLF
CLEVELAND-CLIFFS INC
$12.26 +0.25%
$12.25 (-0.08%)🌙
as of 08/07 06:22 PM
(8/6 18:28) ◀
|
Friday, August 7, 2026 (6:22pm)
January 2026
|
▶ (8/10 18:24)
◀ 8/7 18:22 ▶

Option Volume

Detail
ℹ
Current (08/07) 31,493
Calls: 21,908 (70%)
Puts: 9,585 (30%)
Prior (08/06) 30,204
Calls: 23,905 (79%)
Puts: 6,299 (21%)
Current vs Prior +4.27%
Calls: -8.35% (Calls)
Puts: +52.17% (Puts)
Prior 7-Day Total 330,907
Calls: 181,544 (55%)
Puts: 149,363 (45%)
Prior 7-Day Average 47,272
Calls: 25,934 (55%)
Puts: 21,337 (45%)
Current vs Prior 7-Day Avg -33.38%
Calls: -15.53%
Puts: -55.08%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/07) $2.76M
Calls: $2.08M (75%)
Puts: $682.6K (25%)
Prior (08/06) $10.28M
Calls: $9.87M (96%)
Puts: $412.9K (4%)
Current vs Prior -73.17%
Calls: -78.96%
Puts: +65.31%
Prior 7-Day Total $37.03M
Calls: $26.19M (71%)
Puts: $10.84M (29%)
Prior 7-Day Average $5.29M
Calls: $3.74M (71%)
Puts: $1.55M (29%)
Current vs Prior 7-Day Avg -47.83%
Calls: -44.48%
Puts: -55.93%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/07) 0.44
Prior (08/06) 0.26
Current vs Prior +66.04%
Prior 7-Day Average 0.79
Current vs Prior 7-Day Avg -44.74%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/07) 526,703
Calls: 352,005 (67%)
Puts: 174,698 (33%)
Prior (08/06) 437,861
Calls: 322,357 (74%)
Puts: 115,504 (26%)
Current vs Prior +20.29%
Prior 7-Day Total 3,282,079
Calls: 2,467,661 (75%)
Puts: 814,418 (25%)
Prior 7-Day Average 468,868
Calls: 352,523 (75%)
Puts: 116,345 (25%)
Current vs Prior 7-Day Avg +12.33%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 4.16% | 9.38%11.91% | 15.91%
Prior 6.21% | 9.73%12.26% | 17.58%
Current vs Prior +50.95% | +22.39%-2.91% | -9.52%
Prior 7-Day Avg 7.61% | 11.11%14.17% | 18.77%
Current vs 7-Day Avg +23.24% | +7.20%-15.97% | -15.26%
Prior 7-Day Eod 6.21% | 9.73%12.26% | 17.58%
Current vs 7-Day Eod +50.95% | +22.39%-2.91% | -9.52%
Sentiment BEARISHBULLISH

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 75% of dollar volume in calls ($2.08M) vs puts ($682.6K). Light premium activity with dollar volume down 73% vs prior. Extreme bullish P/C ratio of 0.44 - heavy call buying (21,908 calls vs 9,585 puts). P/C ratio rising 66% - increased hedging/bearish positioning.

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 BULLISH
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 7 of results (avg 8.0%, best 6.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 181.131.20$1.176.0%1940.6018.5K
$13.00Sep 180.720.77$0.756.7%1850.4412.7K
$10.00Sep 182.412.63$2.528.7%320.859.0K
$10.00Aug 282.222.43$2.339.0%50.93362
$11.00Aug 211.351.48$1.429.2%270.8511.6K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.00Sep 181.401.50$1.456.9%190.573.5K
$12.50Sep 40.900.99$0.959.5%520.5174

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 13 found (avg $0.57, cheapest $0.27)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Aug 140.270.32$0.3016.7%1.2K0.412.3K
$13.00Aug 210.280.33$0.3116.1%2360.339.0K
$13.50Sep 40.370.44$0.4117.1%1020.32127
$14.00Sep 180.420.49$0.4515.6%1220.314.0K
$12.00Aug 140.530.62$0.5715.8%6450.611.6K
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 140.250.28$0.2711.1%1.9K0.39356
$12.00Aug 210.410.49$0.4517.8%2300.412.7K
$11.00Sep 180.420.50$0.4617.4%1930.261.8K
$12.50Sep 40.900.99$0.959.5%520.5174

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 44 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Aug 72.102.78$2.4427.9%111.00347
$10.50Aug 71.651.84$1.7510.9%1081.00551
$11.00Aug 71.141.35$1.2516.8%2181.00856
$10.00Aug 142.152.55$2.3517.0%21.00--
$10.50Aug 141.451.98$1.7230.8%510.9781
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.50Aug 71.892.60$2.2531.6%40.9810
$14.00Aug 71.601.80$1.7011.8%550.9886
$12.50Aug 70.180.35$0.2763.0%980.931.9K
$13.00Aug 70.650.80$0.7320.5%1.1K0.931.7K
$14.00Aug 141.562.27$1.9237.0%10.90--

Most actively traded options today. High liquidity = easy entry/exit. 102 active (total vol 25.7K, top 4.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 210.610.81$0.7128.2%4.8K0.5814.9K
$12.00Aug 70.200.27$0.2429.2%2.6K0.904.7K
$12.50Aug 140.270.32$0.3016.7%1.2K0.412.3K
$12.50Aug 70.000.01$0.01100.0%1.1K0.073.1K
$12.50Aug 210.410.55$0.4829.2%1.0K0.456.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 140.250.28$0.2711.1%1.9K0.39356
$12.00Sep 180.650.90$0.7832.1%1.8K0.413.8K
$13.00Aug 140.770.99$0.8825.0%1.1K0.751.3K
$13.00Aug 70.650.80$0.7320.5%1.1K0.931.7K
$12.00Aug 70.000.02$0.01200.0%4640.103.8K

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 753.3%, max 1715.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.00Aug 7Sep 181225.0%67.5%1715.6%439.3K
$10.50Aug 7Aug 28964.7%59.9%1509.9%121664
$14.00Aug 7Sep 18829.6%61.4%1250.6%1264.5K
$11.00Aug 7Sep 18709.4%62.9%1028.6%2506.6K
$13.50Aug 7Sep 11634.0%58.4%986.3%301.7K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.50Aug 7Sep 11964.7%58.6%1546.3%462.5K
$14.00Aug 7Aug 21829.6%64.3%1190.5%62948
$11.00Aug 7Sep 18709.4%62.9%1028.6%20221.5K
$14.50Aug 7Aug 141012.0%103.8%874.6%516
$13.00Aug 7Sep 18523.4%61.0%758.3%1.1K5.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 45 found (best R:R 8.09, avg 1.71)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$13.50$14.00Aug 28$0.10$0.40$0.104.00$13.60
$13.00$13.50Aug 21$0.12$0.38$0.123.17$13.12
$14.00$14.50Sep 11$0.12$0.38$0.123.17$14.12
$13.50$14.00Sep 4$0.14$0.36$0.142.57$13.64
$12.50$13.00Aug 14$0.15$0.35$0.152.33$12.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$11.00$10.00Sep 4$0.11$0.89$0.118.09$10.89
$11.00$10.00Sep 18$0.21$0.79$0.213.76$10.79
$11.00$10.50Sep 11$0.11$0.39$0.113.55$10.89
$12.00$11.50Aug 14$0.16$0.34$0.162.12$11.84
$12.00$11.00Sep 18$0.32$0.68$0.322.12$11.68

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 49 found (best R:R 9.00, avg 1.10)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$10.00$11.00Sep 18$0.90$0.90$0.109.00$10.90
$11.00$11.50Aug 28$0.38$0.38$0.123.17$11.38
$11.50$12.00Aug 14$0.36$0.36$0.142.57$11.86
$11.50$12.00Sep 11$0.33$0.33$0.171.94$11.83
$10.50$11.00Aug 21$0.31$0.31$0.191.63$10.81
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$13.00$12.00Sep 18$0.67$0.67$0.332.03$12.33
$12.50$12.00Aug 14$0.31$0.31$0.191.63$12.19
$13.00$12.50Aug 14$0.30$0.30$0.201.50$12.70
$12.50$12.00Aug 21$0.30$0.30$0.201.50$12.20
$12.50$12.00Aug 28$0.29$0.29$0.211.38$12.21

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $0.21, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$13.50Aug 7Aug 14$0.07634.0%65.1%
$13.00Aug 7Aug 14$0.13523.4%62.2%
$11.50Aug 7Aug 14$0.18454.2%55.0%
$12.50Aug 7Aug 14$0.29175.1%62.7%
$12.00Aug 7Aug 14$0.33222.7%54.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$11.50Aug 7Aug 14$0.10454.2%55.0%
$13.00Aug 7Aug 14$0.15523.4%62.2%
$13.50Aug 14Aug 21$0.1665.1%63.8%
$14.00Aug 7Aug 14$0.22829.6%74.0%
$12.00Aug 7Aug 14$0.26222.7%54.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 41 found (cheapest 2.04% of stock, avg 12.82%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$12.00Aug 7$0.24$0.01$0.25$11.75$12.252.04%
$12.50Aug 7$0.01$0.27$0.28$12.22$12.782.28%
$13.00Aug 7$0.02$0.73$0.75$12.25$13.756.12%
$11.50Aug 7$0.75$0.01$0.76$10.74$12.266.20%
$12.00Aug 14$0.57$0.27$0.84$11.16$12.846.85%
$12.50Aug 14$0.30$0.58$0.88$11.62$13.387.18%
$13.00Aug 14$0.15$0.88$1.03$11.97$14.038.40%
$11.50Aug 14$0.93$0.11$1.04$10.46$12.548.48%
$12.00Aug 21$0.71$0.45$1.16$10.84$13.169.46%
$11.50Aug 21$1.01$0.21$1.22$10.28$12.729.95%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 100 found (cheapest 0.16% of stock, avg 5.16%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$12.50$12.00Aug 7$0.01$0.01$0.02$11.98$12.52
$13.00$12.00Aug 7$0.02$0.01$0.03$11.97$13.03
$14.00$11.00Aug 14$0.06$0.04$0.10$10.90$14.10
$14.50$10.00Aug 21$0.06$0.04$0.10$9.90$14.60
$13.50$11.00Aug 14$0.08$0.04$0.12$10.88$13.62
$14.50$10.50Aug 21$0.06$0.07$0.13$10.37$14.63
$14.50$11.00Aug 14$0.11$0.04$0.15$10.85$14.65
$14.00$10.00Aug 21$0.12$0.04$0.16$9.84$14.16
$14.00$11.50Aug 14$0.06$0.11$0.17$11.33$14.17
$14.50$11.00Aug 21$0.06$0.12$0.18$10.82$14.68

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 27 found (best R:R 3.55, avg credit $0.41)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
11/1212/12Aug 28$0.39$0.113.55$11.11$12.39
12/1214/14Aug 28$0.39$0.113.55$12.11$13.89
12/1213/14Sep 4$0.39$0.113.55$12.11$13.39
12/1214/14Sep 11$0.37$0.132.85$12.13$14.37
12/1213/14Aug 21$0.36$0.142.57$11.64$13.36
12/1214/14Sep 11$0.35$0.152.33$11.65$14.35
11/1213/14Sep 4$0.66$0.341.94$11.34$13.66
12/1214/14Sep 4$0.33$0.171.94$12.17$13.83
11/1214/14Sep 11$0.33$0.171.94$11.17$14.33
10/1112/13Sep 18$0.63$0.371.70$10.37$12.63

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 40 found (best R:R 8.09, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$12.00$12.50$13.00Aug 21$0.06$0.447.33
$11.50$12.00$12.50Sep 4$0.06$0.447.33
$12.00$12.50$13.00Sep 4$0.06$0.447.33
$13.00$13.50$14.00Sep 4$0.06$0.447.33
$12.00$13.00$14.00Sep 18$0.12$0.887.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$10.00$11.00$12.00Sep 18$0.11$0.898.09
$10.50$11.00$11.50Aug 14$0.06$0.447.33
$11.50$12.00$12.50Aug 21$0.06$0.447.33
$11.00$11.50$12.00Aug 14$0.09$0.414.56
$11.50$12.00$12.50Aug 28$0.10$0.404.00

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 $-0.07, 33 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$12.50$13.501:2Sep 11-$0.07$0.93
$13.00$14.001:2Sep 18-$0.15$0.85
$12.00$13.001:2Sep 18-$0.33$0.67
$13.00$13.501:2Aug 21-$0.07$0.43
$13.50$14.001:2Aug 28-$0.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$11.00$10.001:2Sep 4-$0.08$0.92
$13.00$12.001:2Sep 18-$0.11$0.89
$12.00$11.001:2Sep 18-$0.14$0.86
$11.00$10.501:2Sep 11-$0.13$0.37
$11.50$11.001:2Sep 11-$0.14$0.36

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 21 found (best yield 5.87%, avg 2.63%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$13.00Sep 18$0.720.446.0%5.87%11.91%18512.7K
$12.50Sep 4$0.620.492.0%5.06%7.01%21451
$12.50Sep 11$0.590.482.0%4.81%6.77%3726
$12.50Aug 28$0.580.482.0%4.73%6.69%1--
$13.00Sep 4$0.470.416.0%3.83%9.87%3969
$14.00Sep 18$0.420.3114.2%3.43%17.62%1224.0K
$12.50Aug 21$0.410.452.0%3.34%5.30%1.0K6.4K
$13.00Aug 28$0.370.376.0%3.02%9.05%131.2K
$13.50Sep 4$0.370.3210.1%3.02%13.13%102127
$13.00Aug 21$0.280.336.0%2.28%8.32%2369.0K

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 21,908
Total Puts 9,585
Put/Call Ratio 0.44
Net Difference 12,323

Prior's Put/Call Breakdown

Total Calls 23,905
Total Puts 6,299
Put/Call Ratio 0.26
Net Difference 17,606

Prior 7-Day Put/Call Summary

Total Calls 181,544
Total Puts 149,363
Average Put/Call Ratio 0.79
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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