Tour v526
CLF
CLEVELAND-CLIFFS INC
$12.50 +1.79%
$12.48 (-0.13%)🌙
as of 09/04 06:17 PM
9/4 18:17

Option Volume

Detail
Current (09/04) 19,016
Calls: 14,424 (76%)
Puts: 4,592 (24%)
Prior (09/03) 21,478
Calls: 15,443 (72%)
Puts: 6,035 (28%)
Current vs Prior -11.46%
Calls: -6.60% (Calls)
Puts: -23.91% (Puts)
Prior 7-Day Total 200,466
Calls: 106,700 (53%)
Puts: 93,766 (47%)
Prior 7-Day Average 28,638
Calls: 15,242 (53%)
Puts: 13,395 (47%)
Current vs Prior 7-Day Avg -33.60%
Calls: -5.37%
Puts: -65.72%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/04) $1.07M
Calls: $834.2K (78%)
Puts: $231.4K (22%)
Prior (09/03) $1.57M
Calls: $1.20M (77%)
Puts: $363.7K (23%)
Current vs Prior -31.99%
Calls: -30.66%
Puts: -36.39%
Prior 7-Day Total $13.17M
Calls: $6.42M (49%)
Puts: $6.75M (51%)
Prior 7-Day Average $1.88M
Calls: $917.8K (49%)
Puts: $964.2K (51%)
Current vs Prior 7-Day Avg -43.38%
Calls: -9.11%
Puts: -76.00%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/04) 0.32
Prior (09/03) 0.39
Current vs Prior -18.54%
Prior 7-Day Average 0.85
Current vs Prior 7-Day Avg -62.46%
Sentiment BULLISH

Open Interest

Detail
Current (09/04) 451,688
Calls: 284,182 (63%)
Puts: 167,506 (37%)
Prior (09/03) 384,229
Calls: 275,298 (72%)
Puts: 108,931 (28%)
Current vs Prior +17.56%
Prior 7-Day Total 2,928,481
Calls: 2,031,338 (69%)
Puts: 897,143 (31%)
Prior 7-Day Average 418,354
Calls: 290,191 (69%)
Puts: 128,163 (31%)
Current vs Prior 7-Day Avg +7.97%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 0.80% | 5.76%8.72% | 16.00%
Prior 4.97% | 8.31%11.16% | 16.04%
Current vs Prior +15.96% | +4.98%-21.84% | -0.26%
Prior 7-Day Avg 6.85% | 9.24%12.74% | 17.19%
Current vs 7-Day Avg -15.94% | -5.67%-31.58% | -6.95%
Prior 7-Day Eod 4.97% | 8.31%11.16% | 16.04%
Current vs 7-Day Eod +15.96% | +4.98%-21.84% | -0.26%
Sentiment BEARISHBULLISH

Relative Spread

Detail
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

Strong bullish conviction with 78% of dollar volume in calls ($834.2K) vs puts ($231.4K). Extreme bullish P/C ratio of 0.32 - heavy call buying (14,424 calls vs 4,592 puts). Call-heavy open interest (284,182 calls vs 167,506 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 BULLISH
7-Day Avg BEARISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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 9 of results (avg 7.0%, best 4.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.00Oct 160.470.49$0.484.2%2020.323.7K
$10.00Oct 162.682.82$2.755.1%140.87--
$13.00Sep 180.330.35$0.345.9%8640.3716.6K
$12.00Sep 180.800.85$0.836.0%1630.6620.4K
$13.00Oct 160.790.84$0.826.1%3350.4512.4K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$15.00Sep 42.432.68$2.569.8%40.981

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 10 found (avg $0.59, cheapest $0.35)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Sep 110.330.37$0.3511.4%2.0K0.501.8K
$13.00Sep 180.330.35$0.345.9%8640.3716.6K
$12.50Sep 180.500.57$0.5313.2%3860.51880
$12.00Sep 180.800.85$0.836.0%1630.6620.4K
$15.00Oct 160.280.31$0.3010.0%1700.217.0K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Sep 180.520.60$0.5614.3%600.49199
$12.00Oct 160.720.83$0.7714.3%3800.391.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 39 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Sep 42.202.50$2.3512.8%101.00290
$10.50Sep 41.852.19$2.0216.8%1061.00235
$11.00Sep 41.341.71$1.5324.2%561.003.2K
$12.00Sep 40.380.57$0.4839.6%7911.004.6K
$10.50Sep 111.612.10$1.8626.3%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$15.00Sep 42.432.68$2.569.8%40.981
$14.50Sep 41.952.21$2.0812.5%40.98--
$13.50Sep 40.591.35$0.9778.4%30.976
$13.00Sep 40.460.75$0.6147.5%280.96140
$15.00Sep 182.422.75$2.5912.7%100.925.0K

Most actively traded options today. High liquidity = easy entry/exit. 104 active (total vol 16.3K, top 2.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Sep 40.010.04$0.03100.0%2.4K0.424.8K
$12.50Sep 110.330.37$0.3511.4%2.0K0.501.8K
$13.00Sep 180.330.35$0.345.9%8640.3716.6K
$12.00Sep 40.380.57$0.4839.6%7911.004.6K
$11.00Sep 181.491.63$1.569.0%7050.857.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Sep 110.310.43$0.3732.4%6510.501.3K
$12.00Oct 160.720.83$0.7714.3%3800.391.2K
$12.00Sep 40.000.01$0.01100.0%2870.042.7K
$11.00Sep 180.080.19$0.1478.6%2510.153.9K
$12.50Sep 40.000.13$0.07185.7%2390.661.5K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 91.2%, max 91.2%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.50Sep 4Oct 9102.2%53.4%91.2%2.5K4.9K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.50Sep 4Oct 9102.2%53.4%91.2%2561.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 43 found (best R:R 0.67, avg 1.80)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$10.50$11.00Sep 11$0.30$0.20$0.30100%0.67$10.80
$10.00$10.50Sep 4$0.33$0.17$0.33100%0.52$10.33
$11.50$12.00Sep 11$0.25$0.25$0.2590%1.00$11.75
$12.00$12.50Oct 2$0.18$0.32$0.1865%1.78$12.18
$12.00$13.00Oct 16$0.41$0.59$0.4161%1.44$12.41
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$13.50$13.00Sep 11$0.23$0.27$0.2386%1.17$13.27
$13.50$13.00Sep 18$0.30$0.20$0.3079%0.67$13.20
$12.50$11.50Oct 9$0.30$0.70$0.3046%2.33$12.20
$13.00$12.50Sep 18$0.26$0.24$0.2662%0.92$12.74
$12.00$11.50Sep 25$0.12$0.38$0.1234%3.17$11.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 18 found (best R:R 0.35, avg 0.44)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$13.00$13.50Sep 25$0.24$0.24$0.2660%0.92$13.24
$13.00$13.50Sep 18$0.21$0.21$0.2963%0.72$13.21
$14.00$14.50Oct 2$0.14$0.14$0.3672%0.39$14.14
$13.00$13.50Sep 11$0.12$0.12$0.3870%0.32$13.12
$13.00$13.50Oct 9$0.19$0.19$0.3156%0.61$13.19
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$11.50$10.00Oct 9$0.39$0.39$1.1170%0.35$11.11
$11.50$11.00Oct 2$0.22$0.22$0.2871%0.79$11.28
$11.00$10.50Sep 18$0.11$0.11$0.3985%0.28$10.89
$12.00$11.00Oct 16$0.36$0.36$0.6461%0.56$11.64
$10.50$10.00Sep 25$0.10$0.10$0.4086%0.25$10.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.31, cheapest $0.30)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$12.50Sep 4Sep 11$0.32102.2%53.0%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$12.50Sep 4Sep 11$0.30102.2%53.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 23 found (cheapest 0.80% of stock, avg 9.13%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$12.50Sep 4$0.03$0.07$0.10$12.40$12.600.80%
$12.00Sep 4$0.48$0.01$0.49$11.51$12.493.92%
$13.00Sep 4$0.01$0.61$0.62$12.38$13.624.96%
$12.50Sep 11$0.35$0.37$0.72$11.78$13.225.76%
$12.00Sep 11$0.61$0.15$0.76$11.24$12.766.08%
$13.00Sep 11$0.18$0.70$0.88$12.12$13.887.04%
$11.50Sep 11$0.86$0.05$0.91$10.59$12.417.28%
$11.50Sep 4$0.95$0.02$0.97$10.53$12.477.76%
$13.50Sep 4$0.01$0.97$0.98$12.52$14.487.84%
$13.50Sep 11$0.06$0.93$0.99$12.51$14.497.92%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 112 found (cheapest 0.40% of stock, avg 4.59%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$12.50$11.50Sep 4$0.03$0.02$0.05$11.45$12.55
$14.00$11.50Sep 11$0.03$0.05$0.08$11.42$14.08
$15.00$10.00Sep 18$0.05$0.04$0.09$9.91$15.09
$13.50$11.50Sep 11$0.06$0.05$0.11$11.39$13.61
$14.50$11.50Sep 11$0.07$0.05$0.12$11.38$14.62
$15.00$11.50Sep 11$0.08$0.05$0.13$11.37$15.13
$14.50$10.00Sep 18$0.09$0.04$0.13$9.87$14.63
$14.00$10.00Sep 18$0.12$0.04$0.16$9.84$14.16
$15.00$11.00Sep 25$0.07$0.12$0.19$10.81$15.19
$13.50$10.00Sep 18$0.13$0.04$0.17$9.83$13.67

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 2.57, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
11/1214/14Oct 2$0.36$0.1443%2.57$11.14$14.36
10/1114/14Oct 2$0.27$0.2352%1.17$10.73$14.27
10/1114/15Oct 16$0.39$0.6144%0.64$10.61$14.39

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 38 found (best R:R 6.14, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$12.00$13.00$14.00Oct 16$0.07$0.9329%13.29
$12.00$12.50$13.00Sep 11$0.09$0.4143%4.56
$12.00$12.50$13.00Sep 4$0.43$0.0796%0.16
$12.00$12.50$13.00Sep 25$0.07$0.4326%6.14
$13.00$13.50$14.00Sep 11$0.09$0.4124%4.56
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$11.50$12.00$12.50Sep 4$0.07$0.4359%6.14
$12.00$13.00$14.00Oct 16$0.12$0.8828%7.33
$12.00$12.50$13.00Sep 11$0.11$0.3942%3.55
$10.00$11.00$12.00Oct 16$0.15$0.8526%5.67
$11.50$12.00$12.50Sep 11$0.12$0.3838%3.17

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 52 found (best net $-0.16, 41 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$11.00$11.501:2Sep 11-$0.16$0.34
$13.00$14.001:2Oct 16-$0.14$0.86
$12.00$12.501:2Sep 11-$0.09$0.41
$11.00$12.001:2Oct 16-$0.56$0.44
$11.00$11.501:2Sep 4-$0.37$0.13
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$13.50$13.001:2Sep 4-$0.25$0.25
$13.00$12.001:2Oct 16-$0.20$0.80
$12.50$11.501:2Oct 9-$0.21$0.79
$12.50$12.001:2Sep 18-$0.06$0.44
$11.50$11.001:2Oct 2-$0.05$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 20 found (best yield 6.32%, avg 2.82%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$13.00Oct 16$0.790.454.0%6.32%10.32%33512.4K
$14.00Oct 16$0.470.3212.0%3.76%15.76%2023.7K
$12.50Oct 9$0.840.540.0%6.72%6.72%55144
$15.00Oct 16$0.280.2120.0%2.24%22.24%1707.0K
$12.50Oct 2$0.680.550.0%5.44%5.44%34244
$13.00Oct 9$0.400.444.0%3.20%7.20%1274
$13.50Oct 9$0.260.348.0%2.08%10.08%250124
$13.00Sep 25$0.390.404.0%3.12%7.12%2151.1K
$13.00Oct 2$0.360.444.0%2.88%6.88%34168
$14.00Oct 2$0.140.2812.0%1.12%13.12%6395

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 14,424
Total Puts 4,592
Put/Call Ratio 0.32
Net Difference 9,832

Prior's Put/Call Breakdown

Total Calls 15,443
Total Puts 6,035
Put/Call Ratio 0.39
Net Difference 9,408

Prior 7-Day Put/Call Summary

Total Calls 106,700
Total Puts 93,766
Average Put/Call Ratio 0.85
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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