Tour v526
CLF
CLEVELAND-CLIFFS INC
$11.54 +0.17%
$11.61 (+0.56%)🌙
as of 08/26 06:19 PM
(8/25 18:19) ◀
|
Wednesday, August 26, 2026 (6:19pm)
January 2026
|
▶ (8/27 18:18)
◀ 8/26 18:19 ▶

Option Volume

Detail
ℹ
Current (08/26) 19,612
Calls: 10,531 (54%)
Puts: 9,081 (46%)
Prior (08/25) 36,167
Calls: 19,013 (53%)
Puts: 17,154 (47%)
Current vs Prior -45.77%
Calls: -44.61% (Calls)
Puts: -47.06% (Puts)
Prior 7-Day Total 391,433
Calls: 214,643 (55%)
Puts: 176,790 (45%)
Prior 7-Day Average 55,919
Calls: 30,663 (55%)
Puts: 25,255 (45%)
Current vs Prior 7-Day Avg -64.93%
Calls: -65.66%
Puts: -64.04%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/26) $1.17M
Calls: $472.1K (40%)
Puts: $699.3K (60%)
Prior (08/25) $3.75M
Calls: $1.34M (36%)
Puts: $2.40M (64%)
Current vs Prior -68.73%
Calls: -64.83%
Puts: -70.90%
Prior 7-Day Total $29.30M
Calls: $14.46M (49%)
Puts: $14.84M (51%)
Prior 7-Day Average $4.19M
Calls: $2.07M (49%)
Puts: $2.12M (51%)
Current vs Prior 7-Day Avg -72.01%
Calls: -77.14%
Puts: -67.01%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/26) 0.86
Prior (08/25) 0.90
Current vs Prior -4.42%
Prior 7-Day Average 0.81
Current vs Prior 7-Day Avg +6.34%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/26) 413,607
Calls: 313,880 (76%)
Puts: 99,727 (24%)
Prior (08/25) 465,367
Calls: 326,444 (70%)
Puts: 138,923 (30%)
Current vs Prior -11.12%
Prior 7-Day Total 3,483,602
Calls: 2,500,423 (72%)
Puts: 983,179 (28%)
Prior 7-Day Average 497,657
Calls: 357,203 (72%)
Puts: 140,454 (28%)
Current vs Prior 7-Day Avg -16.89%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 7.11% | 9.79%14.82% | 18.63%
Prior 8.25% | 9.72%14.32% | 18.66%
Current vs Prior -13.83% | +0.72%+3.46% | -0.17%
Prior 7-Day Avg 8.16% | 10.61%8.38% | 14.12%
Current vs 7-Day Avg -12.93% | -7.70%+76.77% | +31.96%
Prior 7-Day Eod 8.25% | 9.72%14.32% | 18.66%
Current vs 7-Day Eod -13.83% | +0.72%+3.46% | -0.17%
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

Light premium activity with dollar volume down 69% vs prior. Below-average activity with volume down 46% vs prior. Call-heavy open interest (313,880 calls vs 99,727 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
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 1 of results (avg 8.7%, best 8.7%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.50Aug 281.992.17$2.088.7%51.0066
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.60, cheapest $0.21)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 180.500.58$0.5414.8%5040.4420.3K
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.50Aug 280.190.22$0.2114.3%3620.463.5K
$12.50Aug 280.851.00$0.9316.1%90.92--
$11.00Sep 180.400.49$0.4520.0%2310.343.5K
$12.00Sep 180.810.95$0.8815.9%1270.563.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 31 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.50Aug 281.992.17$2.088.7%51.0066
$9.50Sep 41.782.35$2.0727.5%50.975
$10.50Aug 280.971.21$1.0922.0%550.941.4K
$10.00Aug 281.481.70$1.5913.8%310.943.8K
$10.00Sep 111.421.84$1.6325.8%20.89--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.50Sep 41.452.29$1.8744.9%11.00--
$13.00Sep 41.291.66$1.4825.0%110.95130
$12.50Aug 280.851.00$0.9316.1%90.92--
$12.50Sep 40.651.29$0.9766.0%20.87--
$13.00Sep 181.501.99$1.7528.0%900.763.6K

Most actively traded options today. High liquidity = easy entry/exit. 78 active (total vol 13.2K, top 1.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Aug 280.020.03$0.0333.3%1.9K0.097.7K
$12.00Aug 280.060.12$0.0966.7%1.2K0.253.7K
$12.00Sep 180.500.58$0.5414.8%5040.4420.3K
$11.00Aug 280.570.75$0.6627.3%3810.841.6K
$11.50Aug 280.190.30$0.2544.0%3780.544.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Oct 20.380.85$0.6275.8%1.4K0.3621
$11.50Sep 180.600.83$0.7231.9%8100.45330
$12.00Sep 40.520.73$0.6333.3%7410.642.2K
$12.50Sep 111.091.32$1.2119.0%7110.713.0K
$10.00Sep 180.140.19$0.1729.4%4840.166.1K

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 12.1%, max 22.4%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.00Aug 28Oct 275.8%62.1%22.1%1.2K3.9K
$11.50Aug 28Sep 2567.1%62.5%7.3%3934.7K
$11.00Aug 28Sep 1866.1%61.9%6.8%4058.1K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.00Aug 28Sep 1875.8%62.0%22.4%1576.0K
$11.50Aug 28Sep 2567.1%62.5%7.3%3644.4K
$11.00Aug 28Oct 266.1%61.9%6.9%1.9K2.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 33 found (best R:R 1.00, avg 1.78)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$10.00$10.50Sep 11$0.25$0.25$0.2589%1.00$10.25
$11.00$11.50Sep 18$0.18$0.32$0.1866%1.78$11.18
$12.00$12.50Sep 25$0.11$0.39$0.1144%3.55$12.11
$11.00$11.50Sep 4$0.26$0.24$0.2676%0.92$11.26
$11.00$12.00Sep 11$0.51$0.49$0.5169%0.96$11.51
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$12.00$11.50Sep 18$0.16$0.34$0.1656%2.12$11.84
$11.50$11.00Sep 11$0.13$0.37$0.1345%2.85$11.37
$12.00$11.50Sep 11$0.22$0.28$0.2258%1.27$11.78
$11.00$10.50Sep 11$0.13$0.37$0.1332%2.85$10.87
$11.50$11.00Sep 4$0.17$0.33$0.1743%1.94$11.33

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 20 found (best R:R 3.17, avg 0.66)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$12.50$13.00Sep 25$0.20$0.20$0.3064%0.67$12.70
$12.00$12.50Sep 4$0.18$0.18$0.3261%0.56$12.18
$12.00$12.50Sep 18$0.23$0.23$0.2756%0.85$12.23
$12.00$12.50Oct 2$0.25$0.25$0.2552%1.00$12.25
$12.50$13.00Sep 11$0.14$0.14$0.3670%0.39$12.64
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$11.50$11.00Sep 25$0.38$0.38$0.1254%3.17$11.12
$10.50$9.50Sep 25$0.24$0.24$0.7674%0.32$10.26
$11.50$11.00Sep 18$0.27$0.27$0.2355%1.17$11.23
$11.00$10.50Sep 18$0.19$0.19$0.3166%0.61$10.81
$10.50$10.00Sep 11$0.11$0.11$0.3979%0.28$10.39

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.18, cheapest $0.12)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$11.50Aug 28Sep 4$0.2567.1%55.4%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$11.50Aug 28Sep 4$0.1267.1%55.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 21 found (cheapest 3.99% of stock, avg 10.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$11.50Aug 28$0.25$0.21$0.46$11.04$11.963.99%
$12.00Aug 28$0.09$0.57$0.66$11.34$12.665.72%
$11.00Aug 28$0.66$0.05$0.71$10.29$11.716.15%
$11.50Sep 4$0.50$0.33$0.83$10.67$12.337.19%
$12.00Sep 4$0.28$0.63$0.91$11.09$12.917.89%
$11.00Sep 4$0.76$0.16$0.92$10.08$11.927.97%
$12.50Aug 28$0.03$0.93$0.96$11.54$13.468.32%
$12.50Sep 4$0.10$0.97$1.07$11.43$13.579.27%
$10.50Aug 28$1.09$0.01$1.10$9.40$11.609.53%
$12.00Sep 11$0.45$0.68$1.13$10.87$13.139.79%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 77 found (cheapest 0.69% of stock, avg 5.19%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$12.50$11.00Aug 28$0.03$0.05$0.08$10.92$12.58
$13.50$10.50Sep 4$0.03$0.07$0.10$10.40$13.60
$13.00$10.50Sep 4$0.07$0.07$0.14$10.36$13.14
$13.50$10.00Sep 4$0.03$0.11$0.14$9.86$13.64
$12.00$11.00Aug 28$0.09$0.05$0.14$10.86$12.14
$13.50$10.00Sep 11$0.08$0.09$0.17$9.83$13.67
$13.00$10.00Sep 4$0.07$0.11$0.18$9.82$13.18
$12.50$10.50Sep 4$0.10$0.07$0.17$10.33$12.67
$13.00$10.00Sep 11$0.12$0.09$0.21$9.79$13.21
$12.50$10.00Sep 4$0.10$0.11$0.21$9.79$12.71

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 1.00, avg credit $0.30)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
10/1012/13Sep 11$0.25$0.2549%1.00$10.25$12.75
10/1112/13Sep 11$0.27$0.2338%1.17$10.73$12.77
10/1013/14Sep 25$0.37$0.6348%0.59$10.13$13.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 27 found (best R:R 4.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$11.50$12.00$12.50Aug 28$0.10$0.4045%4.00
$12.00$12.50$13.00Sep 11$0.05$0.4526%9.00
$11.50$12.00$12.50Sep 18$0.06$0.4423%7.33
$12.50$13.00$13.50Sep 25$0.07$0.4319%6.14
$11.00$11.50$12.00Aug 28$0.25$0.2560%1.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$10.50$11.00$11.50Aug 28$0.12$0.3842%3.17
$11.00$11.50$12.00Aug 28$0.20$0.3060%1.50
$10.50$11.00$11.50Sep 4$0.08$0.4231%5.25
$11.00$11.50$12.00Sep 4$0.13$0.3738%2.85
$11.00$11.50$12.00Sep 11$0.09$0.4126%4.56

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 $-0.22, 28 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.50$11.501:2Sep 25-$0.22$0.78
$10.50$11.001:2Aug 28-$0.23$0.27
$11.50$12.001:2Sep 4-$0.06$0.44
$11.00$11.501:2Sep 4-$0.24$0.26
$10.50$11.001:2Sep 4-$0.33$0.17
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$12.50$12.001:2Aug 28-$0.21$0.29
$12.50$12.001:2Sep 11-$0.15$0.35
$12.50$12.001:2Sep 4-$0.29$0.21
$11.00$10.501:2Sep 18-$0.07$0.43
$11.00$10.501:2Sep 11-$0.07$0.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 5.55%, avg 2.46%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$12.00Oct 2$0.640.474.0%5.55%9.53%2147
$12.50Oct 2$0.350.388.3%3.03%11.35%329
$12.00Sep 18$0.500.444.0%4.33%8.32%50420.3K
$12.50Sep 25$0.330.368.3%2.86%11.18%25248
$13.00Oct 2$0.220.3012.7%1.91%14.56%277
$12.00Sep 25$0.430.444.0%3.73%7.71%10146
$13.00Sep 25$0.170.2612.7%1.47%14.12%10807
$13.00Sep 18$0.180.2512.7%1.56%14.21%29515.8K
$12.50Sep 18$0.220.328.3%1.91%10.23%50140
$13.50Sep 18$0.120.1817.0%1.04%18.02%104.5K

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 10,531
Total Puts 9,081
Put/Call Ratio 0.86
Net Difference 1,450

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 214,643
Total Puts 176,790
Average Put/Call Ratio 0.81
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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