Tour v526
CLF
CLEVELAND-CLIFFS INC
$11.83 +2.51%
$11.86 (+0.25%)🌙
as of 08/27 06:18 PM
(8/26 18:19) ◀
|
Thursday, August 27, 2026 (6:18pm)
January 2026
|
▶ (8/28 18:18)
◀ 8/27 18:18 ▶

Option Volume

Detail
ℹ
Current (08/27) 18,767
Calls: 12,035 (64%)
Puts: 6,732 (36%)
Prior (08/26) 19,612
Calls: 10,531 (54%)
Puts: 9,081 (46%)
Current vs Prior -4.31%
Calls: +14.28% (Calls)
Puts: -25.87% (Puts)
Prior 7-Day Total 386,602
Calls: 207,914 (54%)
Puts: 178,688 (46%)
Prior 7-Day Average 55,228
Calls: 29,702 (54%)
Puts: 25,526 (46%)
Current vs Prior 7-Day Avg -66.02%
Calls: -59.48%
Puts: -73.63%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/27) $1.31M
Calls: $696.0K (53%)
Puts: $609.0K (47%)
Prior (08/26) $1.17M
Calls: $472.1K (40%)
Puts: $699.3K (60%)
Current vs Prior +11.40%
Calls: +47.42%
Puts: -12.91%
Prior 7-Day Total $28.74M
Calls: $13.82M (48%)
Puts: $14.92M (52%)
Prior 7-Day Average $4.11M
Calls: $1.97M (48%)
Puts: $2.13M (52%)
Current vs Prior 7-Day Avg -68.21%
Calls: -64.73%
Puts: -71.43%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/27) 0.56
Prior (08/26) 0.86
Current vs Prior -35.13%
Prior 7-Day Average 0.87
Current vs Prior 7-Day Avg -36.04%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/27) 440,898
Calls: 315,400 (72%)
Puts: 125,498 (28%)
Prior (08/26) 413,607
Calls: 313,880 (76%)
Puts: 99,727 (24%)
Current vs Prior +6.60%
Prior 7-Day Total 3,417,423
Calls: 2,461,652 (72%)
Puts: 955,771 (28%)
Prior 7-Day Average 488,203
Calls: 351,664 (72%)
Puts: 136,538 (28%)
Current vs Prior 7-Day Avg -9.69%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 5.83% | 9.30%13.69% | 18.01%
Prior 7.11% | 9.79%14.82% | 18.63%
Current vs Prior -17.92% | -5.04%-7.59% | -3.36%
Prior 7-Day Avg 8.00% | 10.48%9.32% | 14.83%
Current vs 7-Day Avg -27.09% | -11.30%+46.89% | +21.37%
Prior 7-Day Eod 7.11% | 9.79%14.82% | 18.63%
Current vs 7-Day Eod -17.92% | -5.04%-7.59% | -3.36%
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

Bullish P/C ratio of 0.56. P/C ratio dropping 35% - sentiment shifting bullish. Call-heavy open interest (315,400 calls vs 125,498 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
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 2 of results (avg 8.1%, best 6.8%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 180.570.61$0.596.8%1540.4920.4K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Sep 180.300.33$0.329.4%2750.283.5K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 12 found (avg $0.47, cheapest $0.32)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 40.290.34$0.3215.6%3360.44599
$13.00Sep 110.140.16$0.1513.3%10.20118
$11.00Aug 280.720.85$0.7816.7%1131.001.5K
$12.50Sep 110.250.30$0.2817.9%380.32785
$13.00Sep 180.230.28$0.2619.2%3860.2715.9K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 40.460.53$0.5014.0%2300.562.0K
$12.50Sep 40.760.91$0.8417.9%120.734.9K
$11.00Sep 180.300.33$0.329.4%2750.283.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 31 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.50Aug 282.092.72$2.4126.1%21.00--
$10.00Aug 281.692.08$1.8920.6%91.00--
$10.50Aug 281.231.55$1.3923.0%201.001.4K
$11.00Aug 280.720.85$0.7816.7%1131.001.5K
$10.00Sep 111.702.13$1.9222.4%80.936
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.00Aug 282.122.48$2.3015.7%10.98--
$13.00Aug 281.041.53$1.2938.0%20.97--
$13.50Sep 181.592.21$1.9032.6%10.83--
$12.50Sep 40.760.91$0.8417.9%120.734.9K
$13.00Sep 181.341.55$1.4514.5%100.73--

Most actively traded options today. High liquidity = easy entry/exit. 84 active (total vol 10.8K, top 1.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 280.070.09$0.0825.0%1.2K0.323.8K
$11.50Aug 280.340.47$0.4131.7%5060.824.5K
$12.50Sep 40.140.18$0.1625.0%4680.273.4K
$14.00Sep 180.090.11$0.1020.0%4050.136.8K
$13.00Sep 180.230.28$0.2619.2%3860.2715.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Sep 110.190.40$0.3070.0%1.6K0.28420
$10.00Sep 110.010.14$0.08162.5%5680.10702
$11.50Aug 280.040.05$0.0520.0%3520.213.6K
$11.00Aug 280.000.01$0.01100.0%2770.033.0K
$11.00Sep 180.300.33$0.329.4%2750.283.5K

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 16.6%, max 23.2%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.00Aug 28Oct 967.4%55.0%22.7%1.2K3.8K
$11.50Aug 28Sep 2564.2%56.0%14.6%5204.5K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.00Aug 28Oct 267.4%54.7%23.2%2132.6K
$11.50Aug 28Oct 964.2%60.6%5.8%3543.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 31 found (best R:R 2.57, avg 1.89)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$11.50$12.00Sep 25$0.14$0.36$0.1462%2.57$11.64
$11.00$11.50Sep 18$0.23$0.27$0.2372%1.17$11.23
$10.00$10.50Sep 18$0.33$0.17$0.3387%0.52$10.33
$11.00$11.50Sep 11$0.25$0.25$0.2572%1.00$11.25
$12.00$12.50Oct 9$0.16$0.34$0.1652%2.12$12.16
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$12.00$11.50Sep 18$0.21$0.29$0.2151%1.38$11.79
$11.00$10.50Sep 11$0.11$0.39$0.1128%3.55$10.89
$11.50$11.00Sep 25$0.17$0.33$0.1738%1.94$11.33
$12.00$11.50Sep 4$0.24$0.26$0.2456%1.08$11.76
$11.00$10.50Sep 18$0.12$0.38$0.1228%3.17$10.88

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 0.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$12.00$12.50Sep 25$0.33$0.33$0.1748%1.94$12.33
$12.00$12.50Sep 18$0.30$0.30$0.2050%1.50$12.30
$13.50$14.00Sep 25$0.12$0.12$0.3877%0.32$13.62
$12.50$13.00Oct 2$0.20$0.20$0.3060%0.67$12.70
$13.00$13.50Sep 18$0.12$0.12$0.3873%0.32$13.12
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$10.50$10.00Sep 11$0.11$0.11$0.3981%0.28$10.39
$11.00$10.50Sep 25$0.16$0.16$0.3472%0.47$10.84
$11.50$11.00Sep 4$0.15$0.15$0.3564%0.43$11.35
$11.50$11.00Sep 18$0.18$0.18$0.3261%0.56$11.32
$11.00$10.50Sep 18$0.12$0.12$0.3872%0.32$10.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.23, cheapest $0.22)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$12.00Aug 28Sep 4$0.2467.4%57.6%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$12.00Aug 28Sep 4$0.2267.4%57.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 16 found (cheapest 3.04% of stock, avg 9.73%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$12.00Aug 28$0.08$0.28$0.36$11.64$12.363.04%
$11.50Aug 28$0.41$0.05$0.46$11.04$11.963.89%
$11.00Aug 28$0.78$0.01$0.79$10.21$11.796.68%
$12.00Sep 4$0.32$0.50$0.82$11.18$12.826.93%
$11.50Sep 4$0.60$0.26$0.86$10.64$12.367.27%
$12.50Sep 4$0.16$0.84$1.00$11.50$13.508.45%
$11.00Sep 4$0.92$0.11$1.03$9.97$12.038.71%
$11.00Sep 11$0.95$0.30$1.25$9.75$12.2510.57%
$13.00Aug 28$0.01$1.29$1.30$11.70$14.3010.99%
$12.00Sep 18$0.59$0.71$1.30$10.70$13.3010.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 82 found (cheapest 0.59% of stock, avg 4.15%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$12.50$11.50Aug 28$0.02$0.05$0.07$11.43$12.57
$13.50$10.50Sep 4$0.03$0.05$0.08$10.42$13.58
$14.00$9.50Sep 11$0.04$0.05$0.09$9.41$14.09
$13.50$10.00Sep 4$0.03$0.07$0.10$9.90$13.60
$14.00$10.00Sep 11$0.04$0.08$0.12$9.88$14.12
$13.00$10.50Sep 4$0.07$0.05$0.12$10.38$13.12
$13.50$9.50Sep 11$0.08$0.05$0.13$9.37$13.63
$13.00$10.00Sep 4$0.07$0.07$0.14$9.86$13.14
$12.00$11.50Aug 28$0.08$0.05$0.13$11.37$12.13
$13.50$11.00Sep 4$0.03$0.11$0.14$10.86$13.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 5 found (best R:R 1.27, avg credit $0.25)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
10/1114/14Sep 25$0.28$0.2248%1.27$10.72$13.78
10/1012/13Sep 11$0.24$0.2649%0.92$10.26$12.74
10/1113/14Sep 25$0.27$0.2340%1.17$10.73$13.27
10/1113/14Sep 18$0.24$0.2645%0.92$10.76$13.24
10/1112/13Sep 11$0.24$0.2640%0.92$10.76$12.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 1.63, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$11.50$12.00$12.50Aug 28$0.27$0.2375%0.85
$12.00$12.50$13.00Sep 4$0.07$0.4331%6.14
$11.50$12.00$12.50Sep 4$0.12$0.3837%3.17
$12.50$13.00$13.50Sep 11$0.06$0.4420%7.33
$10.50$11.00$11.50Sep 4$0.11$0.3927%3.55
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$11.00$11.50$12.00Aug 28$0.19$0.3165%1.63
$11.00$11.50$12.00Sep 4$0.09$0.4137%4.56
$11.50$12.00$12.50Sep 4$0.10$0.4037%4.00
$10.50$11.00$11.50Sep 18$0.06$0.4420%7.33
$10.50$11.00$11.50Sep 4$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. 32 found (best net $-0.28, 28 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.50$11.001:2Aug 28-$0.17$0.33
$13.00$14.001:2Oct 9-$0.11$0.89
$12.00$12.501:2Sep 25-$0.09$0.41
$11.00$11.501:2Sep 4-$0.28$0.22
$12.50$13.001:2Oct 2-$0.15$0.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$14.00$13.001:2Aug 28-$0.28$0.72
$12.50$12.001:2Sep 4-$0.16$0.34
$11.00$10.501:2Sep 11-$0.08$0.42
$11.00$10.501:2Sep 18-$0.08$0.42
$11.50$11.001:2Sep 18-$0.14$0.36

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 25 found (best yield 3.80%, avg 2.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$13.00Oct 9$0.450.379.9%3.80%13.69%30--
$12.50Oct 9$0.570.445.7%4.82%10.48%1--
$12.00Oct 9$0.650.521.4%5.49%6.93%1--
$13.50Oct 2$0.300.2614.1%2.54%16.65%3951
$12.00Sep 25$0.600.521.4%5.07%6.51%29146
$14.00Oct 2$0.220.2118.3%1.86%20.20%12353
$13.00Sep 25$0.310.319.9%2.62%12.51%243817
$12.00Sep 18$0.570.491.4%4.82%6.26%15420.4K
$12.00Oct 2$0.560.491.4%4.73%6.17%8149
$12.50Oct 2$0.370.405.7%3.13%8.79%832

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 12,035
Total Puts 6,732
Put/Call Ratio 0.56
Net Difference 5,303

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 207,914
Total Puts 178,688
Average Put/Call Ratio 0.87
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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