Tour v526
CLF
CLEVELAND-CLIFFS INC
$10.74 -3.85%
$10.72 (-0.19%)🌙
as of 08/20 06:19 PM
(8/19 18:19) ◀
|
Thursday, August 20, 2026 (6:19pm)
January 2026
|
▶ (8/21 18:19)
◀ 8/20 18:19 ▶

Option Volume

Detail
ℹ
Current (08/20) 99,872
Calls: 45,061 (45%)
Puts: 54,811 (55%)
Prior (08/19) 74,085
Calls: 31,657 (43%)
Puts: 42,428 (57%)
Current vs Prior +34.81%
Calls: +42.34% (Calls)
Puts: +29.19% (Puts)
Prior 7-Day Total 212,563
Calls: 124,268 (58%)
Puts: 88,295 (42%)
Prior 7-Day Average 30,366
Calls: 17,752 (58%)
Puts: 12,613 (42%)
Current vs Prior 7-Day Avg +228.89%
Calls: +153.83%
Puts: +334.54%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/20) $6.36M
Calls: $2.97M (47%)
Puts: $3.38M (53%)
Prior (08/19) $5.63M
Calls: $1.71M (30%)
Puts: $3.92M (70%)
Current vs Prior +12.96%
Calls: +73.68%
Puts: -13.59%
Prior 7-Day Total $16.45M
Calls: $8.97M (55%)
Puts: $7.48M (45%)
Prior 7-Day Average $2.35M
Calls: $1.28M (55%)
Puts: $1.07M (45%)
Current vs Prior 7-Day Avg +170.63%
Calls: +132.15%
Puts: +216.77%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/20) 1.22
Prior (08/19) 1.34
Current vs Prior -9.24%
Prior 7-Day Average 0.60
Current vs Prior 7-Day Avg +101.90%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/20) 539,984
Calls: 392,146 (73%)
Puts: 147,838 (27%)
Prior (08/19) 544,421
Calls: 382,287 (70%)
Puts: 162,134 (30%)
Current vs Prior -0.81%
Prior 7-Day Total 3,182,134
Calls: 2,363,496 (74%)
Puts: 818,638 (26%)
Prior 7-Day Average 454,590
Calls: 337,642 (74%)
Puts: 116,948 (26%)
Current vs Prior 7-Day Avg +18.78%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 6.24% | 10.24%6.24% | 13.22%
Prior 9.13% | 11.19%9.13% | 13.43%
Current vs Prior -31.68% | -8.48%-31.68% | -1.54%
Prior 7-Day Avg 7.44% | 10.08%8.82% | 13.88%
Current vs 7-Day Avg -16.20% | +1.62%-29.27% | -4.73%
Prior 7-Day Eod 9.13% | 11.19%9.13% | 13.43%
Current vs 7-Day Eod -31.68% | -8.48%-31.68% | -1.54%
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

Dollar volume significantly above 7-day average (171% higher). Volume explosion - 229% above 7-day average (99,872 vs avg 30,366). Bearish P/C ratio of 1.22 indicates protective positioning. Call-heavy open interest (392,146 calls vs 147,838 puts) suggests bullish 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 NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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 2 of results (avg 9.4%, best 9.4%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 180.300.33$0.329.4%6230.3018.0K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 251.511.66$1.599.4%30.7072

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 11 found (avg $0.60, cheapest $0.31)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Aug 280.280.34$0.3119.4%9070.431.2K
$10.50Aug 280.500.58$0.5414.8%2740.621.4K
$11.00Sep 40.400.48$0.4418.2%4040.462.8K
$12.00Sep 180.300.33$0.329.4%6230.3018.0K
$11.00Sep 110.490.56$0.5313.2%3920.48138
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Sep 40.610.70$0.6613.6%11.8K0.55531
$11.00Sep 110.700.78$0.7410.8%150.53199
$11.00Sep 250.870.99$0.9312.9%480.5198

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 42 found (avg delta 0.74, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 211.701.90$1.8011.1%6240.985.1K
$9.50Aug 211.171.37$1.2715.7%1380.9774
$9.00Aug 281.381.90$1.6431.7%500.94--
$9.00Sep 41.542.10$1.8230.8%10.94--
$9.50Aug 281.191.57$1.3827.5%110.9258
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 211.001.50$1.2540.0%3801.004.2K
$11.50Aug 210.581.00$0.7953.2%3330.923.4K
$12.50Aug 211.482.12$1.8035.6%2350.861.1K
$12.00Aug 281.061.67$1.3744.5%1530.86703
$12.50Sep 41.552.19$1.8734.2%3.0K0.853.0K

Most actively traded options today. High liquidity = easy entry/exit. 91 active (total vol 81.8K, top 12.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Aug 280.631.10$0.8754.0%9.3K0.79360
$11.00Aug 210.080.12$0.1040.0%7.6K0.3210.9K
$10.50Aug 210.310.40$0.3625.0%3.7K0.724.9K
$10.00Sep 181.091.32$1.2119.0%3.1K0.728.9K
$11.50Aug 210.010.04$0.03100.0%1.3K0.107.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Sep 40.130.24$0.1957.9%12.0K0.24139
$11.00Sep 40.610.70$0.6613.6%11.8K0.55531
$10.50Aug 280.250.31$0.2821.4%6.3K0.386.0K
$10.00Aug 280.110.15$0.1330.8%3.4K0.21249
$12.50Sep 41.552.19$1.8734.2%3.0K0.853.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 37.0%, max 42.2%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.50Aug 21Oct 291.2%64.1%42.2%3.8K4.9K
$11.00Aug 21Oct 289.9%68.2%31.8%7.6K10.9K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$10.50Aug 21Oct 291.2%64.1%42.2%1.8K1.6K
$11.00Aug 21Oct 289.9%68.2%31.8%4655.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 40 found (best R:R 0.92, avg 1.52)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$9.00$9.50Aug 28$0.26$0.24$0.2694%0.92$9.26
$9.50$10.00Sep 4$0.27$0.23$0.2787%0.85$9.77
$11.00$11.50Sep 11$0.11$0.39$0.1148%3.55$11.11
$10.50$11.00Oct 2$0.22$0.28$0.2260%1.27$10.72
$10.00$11.00Sep 18$0.57$0.43$0.5772%0.75$10.57
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$12.00$11.00Oct 2$0.56$0.44$0.5667%0.79$11.44
$10.50$10.00Sep 11$0.13$0.37$0.1339%2.85$10.37
$11.00$10.50Aug 21$0.22$0.28$0.2269%1.27$10.78
$11.00$10.50Oct 2$0.21$0.29$0.2149%1.38$10.79
$11.00$10.50Sep 25$0.22$0.28$0.2251%1.27$10.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 19 found (best R:R 1.94, avg 0.64)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$11.50$12.00Sep 25$0.27$0.27$0.2358%1.17$11.77
$11.00$11.50Oct 2$0.27$0.27$0.2348%1.17$11.27
$11.50$12.00Oct 2$0.21$0.21$0.2957%0.72$11.71
$11.00$11.50Aug 28$0.15$0.15$0.3557%0.43$11.15
$11.50$12.00Sep 4$0.11$0.11$0.3967%0.28$11.61
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$10.50$10.00Oct 2$0.33$0.33$0.1759%1.94$10.17
$10.50$10.00Sep 25$0.30$0.30$0.2059%1.50$10.20
$10.00$9.00Sep 25$0.29$0.29$0.7170%0.41$9.71
$9.50$9.00Oct 2$0.17$0.17$0.3375%0.52$9.33
$10.00$9.00Sep 18$0.22$0.22$0.7871%0.28$9.78

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.23, cheapest $0.21)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$11.00Aug 21Aug 28$0.2189.9%66.2%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$11.00Aug 21Aug 28$0.2589.9%66.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 22 found (cheapest 3.82% of stock, avg 11.33%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$11.00Aug 21$0.10$0.31$0.41$10.59$11.413.82%
$10.50Aug 21$0.36$0.09$0.45$10.05$10.954.19%
$11.50Aug 21$0.03$0.79$0.82$10.68$12.327.64%
$10.50Aug 28$0.54$0.28$0.82$9.68$11.327.64%
$10.00Aug 21$0.79$0.06$0.85$9.15$10.857.91%
$11.00Aug 28$0.31$0.56$0.87$10.13$11.878.10%
$10.00Aug 28$0.87$0.13$1.00$9.00$11.009.31%
$11.50Aug 28$0.16$0.91$1.07$10.43$12.579.96%
$10.50Sep 4$0.68$0.41$1.09$9.41$11.5910.15%
$11.00Sep 4$0.44$0.66$1.10$9.90$12.1010.24%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 82 found (cheapest 0.84% of stock, avg 5.53%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$11.50$10.00Aug 21$0.03$0.06$0.09$9.91$11.59
$12.00$9.50Aug 28$0.08$0.04$0.12$9.38$12.12
$12.00$9.00Aug 28$0.08$0.04$0.12$8.88$12.12
$11.50$10.50Aug 21$0.03$0.09$0.12$10.38$11.62
$12.50$10.00Aug 21$0.10$0.06$0.16$9.84$12.66
$12.50$9.00Sep 4$0.11$0.04$0.15$8.85$12.65
$12.50$9.50Aug 28$0.13$0.04$0.17$9.33$12.67
$12.50$9.00Aug 28$0.13$0.04$0.17$8.83$12.67
$11.00$10.00Aug 21$0.10$0.06$0.16$9.84$11.16
$11.00$10.50Aug 21$0.10$0.09$0.19$10.31$11.19

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 1 found (best R:R 0.72, avg credit $0.21)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
10/1012/12Sep 4$0.21$0.2943%0.72$9.79$11.71

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 38 found (best R:R 7.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$9.00$10.00$11.00Sep 18$0.12$0.8839%7.33
$11.00$11.50$12.00Aug 21$0.05$0.4530%9.00
$10.50$11.00$11.50Aug 28$0.08$0.4236%5.25
$10.50$11.00$11.50Aug 21$0.19$0.3162%1.63
$10.00$11.00$12.00Sep 18$0.25$0.7542%3.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$10.50$11.00$11.50Aug 28$0.07$0.4336%6.14
$9.50$10.00$10.50Aug 28$0.06$0.4430%7.33
$9.00$10.00$11.00Sep 18$0.23$0.7740%3.35
$9.00$9.50$10.00Sep 4$0.05$0.4518%9.00
$10.00$10.50$11.00Aug 21$0.19$0.3154%1.63

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 $--, 38 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$11.001:2Sep 18-$0.07$0.93
$11.00$12.001:2Sep 18$0.00$1.00
$9.00$10.001:2Sep 18-$0.52$0.48
$9.50$10.001:2Aug 21-$0.31$0.19
$10.50$11.001:2Aug 28-$0.08$0.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$12.00$11.001:2Sep 18$0.00$1.00
$12.00$11.001:2Sep 25-$0.27$0.73
$12.00$11.501:2Aug 21-$0.33$0.17
$12.00$11.001:2Oct 2-$0.44$0.56
$11.50$11.001:2Aug 28-$0.21$0.29

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 20 found (best yield 4.84%, avg 3.05%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$11.50Oct 2$0.520.437.1%4.84%11.92%5621
$11.00Oct 2$0.710.522.4%6.61%9.03%21
$12.50Oct 2$0.280.3116.4%2.61%18.99%2221
$12.00Oct 2$0.380.3411.7%3.54%15.27%7511
$11.50Sep 25$0.450.427.1%4.19%11.27%4178
$11.00Sep 25$0.630.502.4%5.87%8.29%2929
$11.00Sep 18$0.600.502.4%5.59%8.01%5075.8K
$12.00Sep 18$0.300.3011.7%2.79%14.53%62318.0K
$12.50Sep 25$0.220.2616.4%2.05%18.44%1--
$11.00Sep 11$0.490.482.4%4.56%6.98%392138

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 45,061
Total Puts 54,811
Put/Call Ratio 1.22
Net Difference -9,750

Prior's Put/Call Breakdown

Total Calls 31,657
Total Puts 42,428
Put/Call Ratio 1.34
Net Difference -10,771

Prior 7-Day Put/Call Summary

Total Calls 124,268
Total Puts 88,295
Average Put/Call Ratio 0.60
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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