Tour v526
CLF
CLEVELAND-CLIFFS INC
$12.42 +7.63%
$12.44 (+0.16%)🌙
as of 09/02 06:17 PM
(9/1 18:19) ◀
|
Wednesday, September 2, 2026 (6:17pm)
January 2026
|
▶ (9/3 18:17)
◀ 9/2 18:17 ▶

Option Volume

Detail
ℹ
Current (09/02) 57,668
Calls: 28,008 (49%)
Puts: 29,660 (51%)
Prior (09/01) 15,088
Calls: 12,727 (84%)
Puts: 2,361 (16%)
Current vs Prior +282.21%
Calls: +120.07% (Calls)
Puts: +1156.25% (Puts)
Prior 7-Day Total 254,697
Calls: 147,656 (58%)
Puts: 107,041 (42%)
Prior 7-Day Average 36,385
Calls: 21,093 (58%)
Puts: 15,291 (42%)
Current vs Prior 7-Day Avg +58.49%
Calls: +32.78%
Puts: +93.96%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (09/02) $3.65M
Calls: $2.07M (57%)
Puts: $1.58M (43%)
Prior (09/01) $856.8K
Calls: $705.2K (82%)
Puts: $151.6K (18%)
Current vs Prior +326.06%
Calls: +193.44%
Puts: +943.04%
Prior 7-Day Total $18.68M
Calls: $8.79M (47%)
Puts: $9.89M (53%)
Prior 7-Day Average $2.67M
Calls: $1.26M (47%)
Puts: $1.41M (53%)
Current vs Prior 7-Day Avg +36.80%
Calls: +64.87%
Puts: +11.86%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/02) 1.06
Prior (09/01) 0.19
Current vs Prior +470.85%
Prior 7-Day Average 0.84
Current vs Prior 7-Day Avg +26.17%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (09/02) 501,523
Calls: 338,269 (67%)
Puts: 163,254 (33%)
Prior (09/01) 361,411
Calls: 242,096 (67%)
Puts: 119,315 (33%)
Current vs Prior +38.77%
Prior 7-Day Total 3,075,891
Calls: 2,142,803 (70%)
Puts: 933,088 (30%)
Prior 7-Day Average 439,413
Calls: 306,114 (70%)
Puts: 133,298 (30%)
Current vs Prior 7-Day Avg +14.13%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 6.12% | 8.62%11.59% | 16.26%
Prior 7.54% | 9.88%13.00% | 16.81%
Current vs Prior -18.83% | -12.79%-10.80% | -3.25%
Prior 7-Day Avg 7.80% | 9.98%12.25% | 17.27%
Current vs 7-Day Avg -21.58% | -13.65%-5.35% | -5.85%
Prior 7-Day Eod 7.54% | 9.88%13.00% | 16.81%
Current vs 7-Day Eod -18.83% | -12.79%-10.80% | -3.25%
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

Massive premium surge with dollar volume up 326% vs prior. Unusually high activity with volume up 282% vs prior - elevated interest. Slightly bearish P/C ratio of 1.06. P/C ratio rising 471% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BEARISH
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 6 of results (avg 7.3%, best 3.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.00Oct 160.770.80$0.793.8%1.0K0.4611.5K
$12.00Oct 161.231.30$1.275.5%5020.626.0K
$10.00Oct 162.612.83$2.728.1%130.871.0K
$12.00Sep 180.800.87$0.848.3%4790.6520.7K
$14.00Oct 160.460.50$0.488.3%2800.323.5K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Oct 160.390.43$0.419.8%2810.241.2K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 16 found (avg $0.57, cheapest $0.26)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 40.470.52$0.5010.0%1.4K0.794.7K
$14.00Sep 180.130.15$0.1414.3%5130.187.2K
$13.00Sep 180.350.39$0.3710.8%1.8K0.3816.2K
$11.50Sep 40.901.00$0.9510.5%6350.921.9K
$12.50Sep 180.540.60$0.5710.5%2910.51470
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Sep 40.230.28$0.2619.2%1.8K0.542.1K
$12.50Sep 110.410.48$0.4415.9%3.8K0.513.7K
$12.00Sep 180.350.41$0.3815.8%5.6K0.364.5K
$12.00Oct 20.540.65$0.6018.3%10.38--
$11.00Oct 160.390.43$0.419.8%2810.241.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 40 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Sep 42.292.72$2.5117.1%2030.99337
$10.50Sep 41.802.04$1.9212.5%300.99240
$11.00Sep 41.381.59$1.4914.1%4760.973.5K
$10.00Sep 182.422.84$2.6316.0%1580.968.7K
$11.50Sep 40.901.00$0.9510.5%6350.921.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.50Sep 41.962.37$2.1718.9%11.00--
$13.50Sep 40.991.44$1.2137.2%20.9658
$14.00Sep 41.481.91$1.6925.4%80.942
$13.00Sep 40.380.92$0.6583.1%40.83142
$14.00Sep 181.471.99$1.7330.1%500.82349

Most actively traded options today. High liquidity = easy entry/exit. 100 active (total vol 48.0K, top 8.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.50Sep 250.100.35$0.22113.6%1.9K0.27950
$13.00Sep 180.350.39$0.3710.8%1.8K0.3816.2K
$12.50Sep 40.170.23$0.2030.0%1.7K0.474.3K
$14.00Sep 250.190.36$0.2860.7%1.6K0.26305
$12.00Sep 40.470.52$0.5010.0%1.4K0.794.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.00Sep 180.771.00$0.8925.8%8.2K0.623.7K
$12.00Sep 180.350.41$0.3815.8%5.6K0.364.5K
$12.50Sep 110.410.48$0.4415.9%3.8K0.513.7K
$11.00Sep 180.100.14$0.1233.3%2.1K0.145.1K
$13.00Sep 110.540.83$0.6942.0%2.0K0.6933

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 11.9%, max 15.4%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.00Sep 4Oct 1665.8%57.0%15.4%1.9K10.6K
$12.50Sep 4Oct 963.1%56.3%12.1%1.7K4.3K
$13.00Sep 4Oct 1664.2%58.7%9.3%2.3K14.6K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.00Sep 4Oct 1665.8%57.0%15.4%1.2K3.3K
$12.50Sep 4Oct 263.1%57.5%9.7%1.8K2.1K
$13.00Sep 4Oct 1664.2%58.7%9.3%72716

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 44 found (best R:R 0.52, avg 1.54)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$10.00$12.00Oct 2$1.32$0.68$1.3291%0.52$11.32
$10.50$11.00Sep 18$0.32$0.18$0.3292%0.56$10.82
$11.00$11.50Sep 25$0.29$0.21$0.2984%0.72$11.29
$12.50$13.00Oct 9$0.17$0.33$0.1753%1.94$12.67
$12.50$13.00Oct 2$0.17$0.33$0.1752%1.94$12.67
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$14.00$13.00Sep 25$0.61$0.39$0.6175%0.64$13.39
$13.00$12.50Sep 11$0.25$0.25$0.2568%1.00$12.75
$12.50$12.00Oct 2$0.21$0.29$0.2148%1.38$12.29
$13.00$12.50Sep 18$0.29$0.21$0.2962%0.72$12.71
$12.50$12.00Sep 18$0.22$0.28$0.2249%1.27$12.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 0.72, avg 0.59)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$14.00$14.50Oct 9$0.22$0.22$0.2867%0.79$14.22
$13.00$13.50Oct 2$0.27$0.27$0.2356%1.17$13.27
$13.00$13.50Oct 9$0.27$0.27$0.2354%1.17$13.27
$13.50$14.00Sep 18$0.17$0.17$0.3370%0.52$13.67
$13.00$13.50Sep 25$0.21$0.21$0.2960%0.72$13.21
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$11.00$10.50Oct 9$0.21$0.21$0.2978%0.72$10.79
$10.50$10.00Sep 25$0.17$0.17$0.3384%0.52$10.33
$12.00$11.50Sep 18$0.24$0.24$0.2664%0.92$11.76
$12.00$11.50Oct 2$0.25$0.25$0.2562%1.00$11.75
$11.00$10.00Oct 16$0.22$0.22$0.7876%0.28$10.78

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

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$12.50Sep 4Sep 11$0.1963.1%54.4%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$12.50Sep 4Sep 11$0.1863.1%54.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 21 found (cheapest 3.70% of stock, avg 10.09%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$12.50Sep 4$0.20$0.26$0.46$12.04$12.963.70%
$12.00Sep 4$0.50$0.08$0.58$11.42$12.584.67%
$13.00Sep 4$0.06$0.65$0.71$12.29$13.715.72%
$12.00Sep 11$0.63$0.17$0.80$11.20$12.806.44%
$12.50Sep 11$0.39$0.44$0.83$11.67$13.336.68%
$13.00Sep 11$0.21$0.69$0.90$12.10$13.907.25%
$11.50Sep 4$0.95$0.03$0.98$10.52$12.487.89%
$11.50Sep 11$1.04$0.10$1.14$10.36$12.649.18%
$12.50Sep 18$0.57$0.60$1.17$11.33$13.679.42%
$12.00Sep 18$0.84$0.38$1.22$10.78$13.229.82%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 105 found (cheapest 0.40% of stock, avg 4.83%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$13.50$11.50Sep 4$0.02$0.03$0.05$11.45$13.55
$14.00$11.50Sep 4$0.03$0.03$0.06$11.44$14.06
$14.00$10.50Sep 11$0.04$0.04$0.08$10.42$14.08
$14.00$11.00Sep 11$0.04$0.05$0.09$10.91$14.09
$13.00$11.50Sep 4$0.06$0.03$0.09$11.41$13.09
$13.50$12.00Sep 4$0.02$0.08$0.10$11.90$13.60
$14.00$12.00Sep 4$0.03$0.08$0.11$11.89$14.11
$13.00$12.00Sep 4$0.06$0.08$0.14$11.86$13.14
$13.50$10.50Sep 11$0.09$0.04$0.13$10.37$13.63
$14.00$11.50Sep 11$0.04$0.10$0.14$11.36$14.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 1.50, avg credit $0.26)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
10/1014/14Sep 25$0.30$0.2059%1.50$10.20$14.30
11/1214/14Sep 25$0.25$0.2549%1.00$11.25$14.25
10/1114/14Oct 2$0.22$0.2852%0.79$10.78$14.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 34 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$12.00$12.50$13.00Sep 11$0.06$0.4439%7.33
$12.00$12.50$13.00Sep 4$0.16$0.3461%2.12
$12.50$13.00$13.50Sep 11$0.06$0.4432%7.33
$12.50$13.00$13.50Sep 4$0.10$0.4041%4.00
$10.00$11.00$12.00Oct 16$0.13$0.8726%6.69
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$10.00$11.00$12.00Oct 16$0.12$0.8826%7.33
$11.50$12.00$12.50Sep 4$0.13$0.3746%2.85
$12.00$12.50$13.00Sep 4$0.21$0.2962%1.38
$12.00$12.50$13.00Sep 18$0.07$0.4326%6.14
$11.00$12.00$13.00Oct 16$0.18$0.8230%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. 49 found (best net $-0.05, 39 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$11.50$12.001:2Sep 4-$0.05$0.45
$11.00$12.001:2Oct 9-$0.38$0.62
$12.00$13.001:2Oct 16-$0.31$0.69
$13.00$14.001:2Oct 16-$0.17$0.83
$11.50$12.001:2Sep 11-$0.22$0.28
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$14.00$13.001:2Sep 18-$0.05$0.95
$13.50$13.001:2Sep 4-$0.09$0.41
$13.00$12.001:2Oct 16-$0.23$0.77
$12.00$11.001:2Oct 16-$0.07$0.93
$14.00$13.001:2Sep 25-$0.53$0.47

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 24 found (best yield 6.20%, avg 2.87%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$13.00Oct 16$0.770.464.7%6.20%10.87%1.0K11.5K
$14.00Oct 16$0.460.3212.7%3.70%16.43%2803.5K
$12.50Oct 9$0.840.530.6%6.76%7.41%5316
$13.00Oct 9$0.610.464.7%4.91%9.58%371
$14.00Oct 9$0.340.3312.7%2.74%15.46%12013
$13.50Oct 9$0.460.368.7%3.70%12.40%94--
$13.00Oct 2$0.510.444.7%4.11%8.78%8183
$12.50Oct 2$0.670.530.6%5.39%6.04%34--
$14.50Oct 9$0.220.2316.8%1.77%18.52%5--
$14.00Oct 2$0.240.2712.7%1.93%14.65%240182

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 28,008
Total Puts 29,660
Put/Call Ratio 1.06
Net Difference -1,652

Prior's Put/Call Breakdown

Total Calls 12,727
Total Puts 2,361
Put/Call Ratio 0.19
Net Difference 10,366

Prior 7-Day Put/Call Summary

Total Calls 147,656
Total Puts 107,041
Average Put/Call Ratio 0.84
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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