Tour v526
CLF
CLEVELAND-CLIFFS INC
$11.52 +1.95%
$11.47 (-0.43%)🌙
as of 08/25 06:19 PM
(8/21 18:19) ◀
|
Tuesday, August 25, 2026 (6:19pm)
January 2026
|
▶ (8/26 18:19)
◀ 8/25 18:19 ▶

Option Volume

Detail
ℹ
Current (08/25) 36,167
Calls: 19,013 (53%)
Puts: 17,154 (47%)
Prior (08/21) 97,210
Calls: 65,394 (67%)
Puts: 31,816 (33%)
Current vs Prior -62.79%
Calls: -70.93% (Calls)
Puts: -46.08% (Puts)
Prior 7-Day Total 367,720
Calls: 205,171 (56%)
Puts: 162,549 (44%)
Prior 7-Day Average 52,531
Calls: 29,310 (56%)
Puts: 23,221 (44%)
Current vs Prior 7-Day Avg -31.15%
Calls: -35.13%
Puts: -26.13%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/25) $3.75M
Calls: $1.34M (36%)
Puts: $2.40M (64%)
Prior (08/21) $6.98M
Calls: $4.29M (62%)
Puts: $2.69M (38%)
Current vs Prior -46.32%
Calls: -68.72%
Puts: -10.52%
Prior 7-Day Total $26.56M
Calls: $13.90M (52%)
Puts: $12.66M (48%)
Prior 7-Day Average $3.79M
Calls: $1.99M (52%)
Puts: $1.81M (48%)
Current vs Prior 7-Day Avg -1.29%
Calls: -32.40%
Puts: +32.87%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/25) 0.90
Prior (08/21) 0.49
Current vs Prior +85.44%
Prior 7-Day Average 0.73
Current vs Prior 7-Day Avg +24.33%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/25) 465,367
Calls: 326,444 (70%)
Puts: 138,923 (30%)
Prior (08/21) 567,795
Calls: 398,588 (70%)
Puts: 169,207 (30%)
Current vs Prior -18.04%
Prior 7-Day Total 3,420,652
Calls: 2,493,663 (73%)
Puts: 926,989 (27%)
Prior 7-Day Average 488,664
Calls: 356,237 (73%)
Puts: 132,427 (27%)
Current vs Prior 7-Day Avg -4.77%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 8.25% | 9.72%14.32% | 18.66%
Prior 9.49% | 12.33%4.97% | 14.20%
Current vs Prior -13.14% | -21.17%+188.25% | +31.46%
Prior 7-Day Avg 7.72% | 10.49%7.61% | 13.47%
Current vs 7-Day Avg +6.77% | -7.31%+88.31% | +38.51%
Prior 7-Day Eod 9.49% | 12.33%4.97% | 14.20%
Current vs 7-Day Eod -13.14% | -21.17%+188.25% | +31.46%
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

Moderately bearish flow with 64% put dollar volume ($2.40M). Below-average activity with volume down 63% vs prior. P/C ratio rising 85% - increased hedging/bearish positioning. Call-heavy open interest (326,444 calls vs 138,923 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 1 of results (avg 10.0%, best 10.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Sep 40.760.84$0.8010.0%620.723.2K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 9 found (avg $0.59, cheapest $0.27)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.50Sep 40.480.54$0.5111.8%2860.57347
$11.00Sep 40.760.84$0.8010.0%620.723.2K
$11.50Sep 110.570.69$0.6319.0%600.56236
$12.50Sep 180.360.42$0.3915.4%1120.33137
$12.00Sep 180.500.58$0.5414.8%1.7K0.4218.9K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.50Aug 280.250.29$0.2714.8%2730.473.4K
$12.00Sep 180.931.03$0.9810.2%70.573.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 30 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.50Aug 281.862.26$2.0619.4%70.9963
$10.00Aug 281.341.65$1.5020.7%280.983.8K
$9.50Sep 41.862.50$2.1829.4%50.964
$10.00Sep 41.421.72$1.5719.1%10.92--
$10.50Aug 280.891.27$1.0835.2%420.911.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.50Sep 41.892.25$2.0717.4%21.0058
$13.00Aug 281.311.66$1.4923.5%200.9360
$13.00Sep 41.471.71$1.5915.1%70.90127
$12.50Aug 280.931.37$1.1538.3%20.89--
$12.50Sep 40.911.37$1.1440.4%20.79--

Most actively traded options today. High liquidity = easy entry/exit. 73 active (total vol 17.2K, top 3.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 280.110.14$0.1323.1%1.7K0.283.8K
$12.00Sep 180.500.58$0.5414.8%1.7K0.4218.9K
$12.50Aug 280.030.05$0.0450.0%1.0K0.117.7K
$11.50Aug 280.260.34$0.3026.7%8320.533.9K
$11.00Aug 280.520.69$0.6127.9%6070.781.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 40.430.78$0.6157.4%3.0K0.633.8K
$12.50Sep 110.941.37$1.1637.1%3.0K0.74105
$11.00Aug 280.080.11$0.1030.0%4660.222.6K
$11.00Sep 180.400.54$0.4729.8%3310.373.3K
$11.50Aug 280.250.29$0.2714.8%2730.473.4K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 16.3%, max 21.9%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$11.00Aug 28Sep 1870.8%58.0%21.9%7768.0K
$11.50Aug 28Oct 268.9%59.2%16.5%8334.0K
$12.00Aug 28Oct 272.7%65.8%10.5%1.7K3.9K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$11.00Aug 28Sep 1870.8%58.0%21.9%7975.9K
$11.50Aug 28Sep 2568.9%59.0%16.9%2894.3K
$12.00Aug 28Sep 1872.7%66.1%10.0%1016.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 29 found (best R:R 3.55, avg 1.70)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$11.50$12.00Oct 2$0.11$0.39$0.1152%3.55$11.61
$11.50$12.00Sep 18$0.13$0.37$0.1352%2.85$11.63
$11.50$12.00Sep 11$0.16$0.34$0.1656%2.12$11.66
$10.50$11.00Sep 11$0.33$0.17$0.3380%0.52$10.83
$11.00$11.50Sep 4$0.29$0.21$0.2972%0.72$11.29
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$13.00$12.00Sep 18$0.62$0.38$0.6274%0.61$12.38
$12.00$11.50Sep 4$0.23$0.27$0.2363%1.17$11.77
$11.50$11.00Sep 4$0.16$0.34$0.1645%2.12$11.34
$12.00$11.50Sep 18$0.27$0.23$0.2758%0.85$11.73
$11.50$11.00Sep 11$0.19$0.31$0.1945%1.63$11.31

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 15 found (best R:R 1.27, avg 0.58)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$13.00$13.50Oct 2$0.28$0.28$0.2268%1.27$13.28
$12.00$13.00Sep 11$0.36$0.36$0.6456%0.56$12.36
$12.00$12.50Sep 25$0.22$0.22$0.2852%0.79$12.22
$12.00$12.50Sep 4$0.13$0.13$0.3761%0.35$12.13
$12.50$13.00Sep 25$0.14$0.14$0.3663%0.39$12.64
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$11.00$10.50Sep 18$0.24$0.24$0.2663%0.92$10.76
$11.50$10.00Sep 25$0.46$0.46$1.0456%0.44$11.04
$11.00$10.00Sep 11$0.20$0.20$0.8069%0.25$10.80
$11.50$11.00Sep 18$0.24$0.24$0.2652%0.92$11.26
$11.50$11.00Aug 28$0.17$0.17$0.3353%0.52$11.33

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.16, cheapest $0.11)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$11.50Aug 28Sep 4$0.2168.9%56.8%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$11.50Aug 28Sep 4$0.1168.9%56.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 17 found (cheapest 4.95% of stock, avg 9.94%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$11.50Aug 28$0.30$0.27$0.57$10.93$12.074.95%
$11.00Aug 28$0.61$0.10$0.71$10.29$11.716.16%
$12.00Aug 28$0.13$0.65$0.78$11.22$12.786.77%
$11.50Sep 4$0.51$0.38$0.89$10.61$12.397.73%
$12.00Sep 4$0.29$0.61$0.90$11.10$12.907.81%
$11.00Sep 4$0.80$0.22$1.02$9.98$12.028.85%
$10.50Aug 28$1.08$0.03$1.11$9.39$11.619.64%
$11.50Sep 11$0.63$0.50$1.13$10.37$12.639.81%
$12.50Aug 28$0.04$1.15$1.19$11.31$13.6910.33%
$11.00Sep 11$0.93$0.31$1.24$9.76$12.2410.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 61 found (cheapest 0.43% of stock, avg 4.73%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$13.00$10.50Aug 28$0.02$0.03$0.05$10.45$13.05
$12.50$10.50Aug 28$0.04$0.03$0.07$10.43$12.57
$13.50$10.00Sep 4$0.03$0.06$0.09$9.91$13.59
$13.00$11.00Aug 28$0.02$0.10$0.12$10.88$13.12
$12.50$11.00Aug 28$0.04$0.10$0.14$10.86$12.64
$13.00$10.00Sep 4$0.10$0.06$0.16$9.84$13.16
$13.50$10.50Sep 4$0.03$0.13$0.16$10.34$13.66
$12.00$10.50Aug 28$0.13$0.03$0.16$10.34$12.16
$13.00$10.00Sep 11$0.11$0.11$0.22$9.78$13.22
$13.00$10.50Sep 4$0.10$0.13$0.23$10.27$13.23

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

No iron condor setups found

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 26 found (best R:R 5.25, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$11.50$12.00$12.50Aug 28$0.08$0.4242%5.25
$11.00$11.50$12.00Sep 4$0.07$0.4333%6.14
$11.00$11.50$12.00Aug 28$0.14$0.3650%2.57
$11.50$12.00$12.50Sep 4$0.09$0.4132%4.56
$12.00$12.50$13.00Sep 4$0.07$0.4324%6.14
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$11.00$11.50$12.00Sep 4$0.07$0.4335%6.14
$10.50$11.00$11.50Aug 28$0.10$0.4038%4.00
$11.50$12.00$12.50Aug 28$0.12$0.3841%3.17
$10.50$11.00$11.50Sep 4$0.07$0.4328%6.14
$10.00$10.50$11.00Aug 28$0.05$0.4520%9.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 37 found (best net $-0.17, 31 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$11.001:2Sep 18-$0.17$0.83
$10.50$11.001:2Aug 28-$0.14$0.36
$11.50$12.001:2Sep 4-$0.07$0.43
$11.00$11.501:2Sep 4-$0.22$0.28
$13.00$13.501:2Sep 25-$0.09$0.41
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$13.00$12.001:2Sep 18-$0.36$0.64
$12.50$12.001:2Sep 4-$0.08$0.42
$12.50$12.001:2Aug 28-$0.15$0.35
$12.00$11.501:2Sep 4-$0.15$0.35
$11.50$11.001:2Sep 4-$0.06$0.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 4.43%, avg 2.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$12.50Oct 2$0.510.378.5%4.43%12.93%1019
$13.00Oct 2$0.380.3312.8%3.30%16.15%773
$12.00Sep 25$0.600.484.2%5.21%9.38%35115
$12.00Oct 2$0.620.444.2%5.38%9.55%4144
$12.50Sep 25$0.360.378.5%3.12%11.63%2248
$12.00Sep 18$0.500.424.2%4.34%8.51%1.7K18.9K
$12.50Sep 18$0.360.338.5%3.12%11.63%112137
$13.00Sep 18$0.240.2512.8%2.08%14.93%47715.7K
$13.00Sep 25$0.170.2812.8%1.48%14.32%4805
$12.00Sep 11$0.360.444.2%3.12%7.29%48241

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 19,013
Total Puts 17,154
Put/Call Ratio 0.90
Net Difference 1,859

Prior's Put/Call Breakdown

Total Calls 65,394
Total Puts 31,816
Put/Call Ratio 0.49
Net Difference 33,578

Prior 7-Day Put/Call Summary

Total Calls 205,171
Total Puts 162,549
Average Put/Call Ratio 0.73
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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