Tour v528
CLF
CLEVELAND-CLIFFS INC
$12.50 -2.04%
9/18 18:18

Option Volume

Detail
Current (09/18) 37,910
Calls: 24,835 (66%)
Puts: 13,075 (34%)
Prior (09/17) 66,755
Calls: 31,460 (47%)
Puts: 35,295 (53%)
Current vs Prior -43.21%
Calls: -21.06% (Calls)
Puts: -62.96% (Puts)
Prior 7-Day Total 194,980
Calls: 103,730 (53%)
Puts: 91,250 (47%)
Prior 7-Day Average 27,854
Calls: 14,818 (53%)
Puts: 13,035 (47%)
Current vs Prior 7-Day Avg +36.10%
Calls: +67.59%
Puts: +0.30%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/18) $3.41M
Calls: $2.90M (85%)
Puts: $514.2K (15%)
Prior (09/17) $6.03M
Calls: $2.63M (44%)
Puts: $3.40M (56%)
Current vs Prior -43.45%
Calls: +10.07%
Puts: -84.88%
Prior 7-Day Total $15.95M
Calls: $7.06M (44%)
Puts: $8.89M (56%)
Prior 7-Day Average $2.28M
Calls: $1.01M (44%)
Puts: $1.27M (56%)
Current vs Prior 7-Day Avg +49.77%
Calls: +187.45%
Puts: -59.51%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/18) 0.53
Prior (09/17) 1.12
Current vs Prior -53.07%
Prior 7-Day Average 0.85
Current vs Prior 7-Day Avg -37.78%
Sentiment BULLISH

Open Interest

Detail
Current (09/18) 383,052
Calls: 298,109 (78%)
Puts: 84,943 (22%)
Prior (09/17) 564,015
Calls: 379,884 (67%)
Puts: 184,131 (33%)
Current vs Prior -32.08%
Prior 7-Day Total 2,869,224
Calls: 2,009,238 (70%)
Puts: 859,986 (30%)
Prior 7-Day Average 409,889
Calls: 287,034 (70%)
Puts: 122,855 (30%)
Current vs Prior 7-Day Avg -6.55%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 0.56% | 5.60%0.56% | 12.48%
Prior 5.17% | 8.78%5.17% | 14.26%
Current vs Prior +8.27% | +0.26%-89.17% | -12.50%
Prior 7-Day Avg 6.80% | 9.72%8.07% | 14.76%
Current vs 7-Day Avg -17.64% | -9.45%-93.06% | -15.44%
Prior 7-Day Eod 5.17% | 8.78%5.17% | 14.26%
Current vs 7-Day Eod +8.27% | +0.26%-89.17% | -12.50%
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 85% of dollar volume in calls ($2.90M) vs puts ($514.2K). Below-average activity with volume down 43% vs prior. Bullish P/C ratio of 0.53. P/C ratio dropping 53% - sentiment shifting bullish.

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 5 of results (avg 7.8%, best 6.0%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 250.650.69$0.676.0%5170.74611
$10.00Oct 22.502.68$2.596.9%80.9111
$12.00Oct 161.021.10$1.067.5%1330.646.7K
$12.00Oct 20.770.85$0.819.9%1340.70302
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.00Oct 160.991.08$1.048.7%660.561.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 9 found (avg $0.57, cheapest $0.36)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Sep 250.330.38$0.3613.9%6850.522.4K
$12.00Sep 250.650.69$0.676.0%5170.74611
$15.00Oct 160.140.17$0.1618.8%1.2K0.169.9K
$12.50Oct 20.520.63$0.5719.3%1490.53479
$14.00Oct 160.290.35$0.3218.8%2.0K0.286.7K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.00Sep 250.590.70$0.6516.9%1820.68145

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 47 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Sep 181.802.32$2.0625.2%51.00310
$10.00Sep 252.342.70$2.5214.3%20.995
$12.00Sep 180.430.53$0.4820.8%2.3K0.9520.8K
$11.00Sep 251.351.67$1.5121.2%830.95168
$10.50Oct 21.712.54$2.1339.0%20.9521
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.50Sep 251.772.15$1.9619.4%11.00--
$15.00Sep 182.242.72$2.4819.4%20.984
$13.50Sep 180.831.33$1.0846.3%30.978
$13.00Sep 180.180.55$0.37100.0%5050.965.5K
$14.00Sep 181.171.69$1.4336.4%60.954

Most actively traded options today. High liquidity = easy entry/exit. 114 active (total vol 26.4K, top 3.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Sep 180.430.53$0.4820.8%2.3K0.9520.8K
$14.00Oct 160.290.35$0.3218.8%2.0K0.286.7K
$13.00Sep 180.000.01$0.01100.0%2.0K0.0416.6K
$12.50Sep 180.020.04$0.0366.7%1.7K0.484.7K
$15.00Oct 160.140.17$0.1618.8%1.2K0.169.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Oct 230.100.24$0.1782.4%3.8K0.1239
$12.50Sep 180.000.07$0.04175.0%1.3K0.521.2K
$11.00Oct 160.210.27$0.2425.0%1.0K0.192.9K
$12.00Sep 250.100.19$0.1560.0%6300.26530
$12.50Sep 250.260.41$0.3444.1%6070.48567

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 36.7%, max 41.7%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.50Sep 18Oct 2384.7%59.7%41.7%1.8K4.7K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.50Sep 18Oct 3084.7%64.3%31.7%1.5K1.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 44 found (best R:R 0.79, avg 1.91)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$11.00$11.50Oct 2$0.28$0.22$0.2889%0.79$11.28
$11.00$12.00Oct 23$0.61$0.39$0.6182%0.64$11.61
$13.50$14.50Oct 23$0.17$0.83$0.1740%4.88$13.67
$12.00$13.00Oct 16$0.46$0.54$0.4664%1.17$12.46
$12.00$12.50Oct 2$0.24$0.26$0.2470%1.08$12.24
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$13.00$12.50Sep 18$0.33$0.17$0.3396%0.52$12.67
$12.50$12.00Oct 9$0.13$0.37$0.1346%2.85$12.37
$13.50$13.00Oct 2$0.32$0.18$0.3275%0.56$13.18
$13.00$12.50Oct 30$0.23$0.27$0.2353%1.17$12.77
$13.00$12.50Sep 25$0.31$0.19$0.3168%0.61$12.69

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 21 found (best R:R 0.56, avg 0.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$13.00$13.50Sep 25$0.13$0.13$0.3768%0.35$13.13
$14.00$14.50Oct 9$0.12$0.12$0.3875%0.32$14.12
$13.00$13.50Oct 2$0.17$0.17$0.3361%0.52$13.17
$14.50$15.00Oct 23$0.14$0.14$0.3671%0.39$14.64
$14.50$15.00Oct 30$0.14$0.14$0.3670%0.39$14.64
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$10.50$10.00Oct 30$0.18$0.18$0.3281%0.56$10.32
$10.50$10.00Sep 25$0.10$0.10$0.4089%0.25$10.40
$11.50$11.00Oct 30$0.22$0.22$0.2869%0.79$11.28
$11.50$11.00Oct 9$0.15$0.15$0.3577%0.43$11.35
$11.00$10.00Oct 16$0.16$0.16$0.8481%0.19$10.84

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.32, cheapest $0.30)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$12.50Sep 18Sep 25$0.3384.7%49.5%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$12.50Sep 18Sep 25$0.3084.7%49.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 25 found (cheapest 0.56% of stock, avg 10.17%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$12.50Sep 18$0.03$0.04$0.07$12.43$12.570.56%
$13.00Sep 18$0.01$0.37$0.38$12.62$13.383.04%
$12.00Sep 18$0.48$0.01$0.49$11.51$12.493.92%
$12.50Sep 25$0.36$0.34$0.70$11.80$13.205.60%
$12.00Sep 25$0.67$0.15$0.82$11.18$12.826.56%
$13.00Sep 25$0.19$0.65$0.84$12.16$13.846.72%
$12.00Oct 2$0.81$0.24$1.05$10.95$13.058.40%
$13.50Sep 25$0.06$1.00$1.06$12.44$14.568.48%
$11.50Sep 18$1.08$0.01$1.09$10.41$12.598.72%
$13.50Sep 18$0.01$1.08$1.09$12.41$14.598.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 113 found (cheapest 0.64% of stock, avg 5.58%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$14.00$11.50Sep 25$0.04$0.04$0.08$11.42$14.08
$13.50$11.50Sep 25$0.06$0.04$0.10$11.40$13.60
$15.00$10.50Oct 9$0.06$0.05$0.11$10.39$15.11
$12.50$11.00Sep 18$0.03$0.06$0.09$10.91$12.59
$14.00$10.50Sep 25$0.04$0.11$0.15$10.35$14.15
$15.00$11.00Oct 9$0.06$0.10$0.16$10.84$15.16
$14.50$11.00Oct 2$0.08$0.09$0.17$10.83$14.67
$13.50$10.50Sep 25$0.06$0.11$0.17$10.33$13.67
$14.50$10.50Oct 9$0.12$0.05$0.17$10.33$14.67
$14.50$10.00Oct 2$0.08$0.11$0.19$9.81$14.69

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 7 found (best R:R 1.78, avg credit $0.29)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
10/1014/15Oct 30$0.32$0.1850%1.78$10.18$14.82
11/1214/15Oct 30$0.36$0.1439%2.57$11.14$14.86
11/1214/14Oct 9$0.27$0.2352%1.17$11.23$14.27
10/1013/14Sep 25$0.23$0.2757%0.85$10.27$13.23
12/1214/14Oct 9$0.29$0.2141%1.38$11.71$14.29
12/1213/14Sep 25$0.24$0.2642%0.92$11.76$13.24
10/1114/15Oct 16$0.32$0.6853%0.47$10.68$14.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 41 found (best R:R 0.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$13.00$14.00$15.00Oct 16$0.12$0.8828%7.33
$12.00$13.00$14.00Oct 16$0.18$0.8237%4.56
$10.00$11.00$12.00Oct 23$0.10$0.9024%9.00
$10.00$11.00$12.00Oct 16$0.15$0.8528%5.67
$12.50$13.00$13.50Oct 9$0.06$0.4425%7.33
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$12.00$12.50$13.00Sep 18$0.30$0.2092%0.67
$10.00$11.00$12.00Oct 16$0.10$0.9028%9.00
$11.50$12.00$12.50Sep 25$0.08$0.4238%5.25
$12.00$12.50$13.00Sep 25$0.12$0.3842%3.17
$13.00$13.50$14.00Sep 25$0.09$0.4122%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 $-0.29, 38 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.50$11.501:2Oct 9-$0.29$0.71
$11.00$12.001:2Oct 16-$0.35$0.65
$12.00$13.001:2Oct 16-$0.14$0.86
$11.50$12.001:2Sep 25-$0.23$0.27
$14.00$15.001:2Oct 16$0.00$1.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$14.00$13.001:2Oct 16-$0.23$0.77
$13.50$13.001:2Sep 25-$0.30$0.20
$13.00$12.501:2Oct 2-$0.21$0.29
$12.00$11.501:2Oct 9-$0.08$0.42
$12.00$11.501:2Oct 2-$0.08$0.42

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 21 found (best yield 4.88%, avg 3.23%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$13.50Oct 30$0.610.428.0%4.88%12.88%621.3K
$14.00Oct 30$0.500.3512.0%4.00%16.00%20460
$13.00Oct 30$0.780.484.0%6.24%10.24%918
$14.50Oct 30$0.320.3016.0%2.56%18.56%303351
$12.50Oct 23$0.910.570.0%7.28%7.28%124--
$13.00Oct 23$0.650.494.0%5.20%9.20%155.3K
$13.50Oct 23$0.480.408.0%3.84%11.84%253
$15.00Oct 30$0.260.2420.0%2.08%22.08%122
$14.50Oct 23$0.250.2916.0%2.00%18.00%5--
$13.00Oct 16$0.550.444.0%4.40%8.40%57914.1K

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 24,835
Total Puts 13,075
Put/Call Ratio 0.53
Net Difference 11,760

Prior's Put/Call Breakdown

Total Calls 31,460
Total Puts 35,295
Put/Call Ratio 1.12
Net Difference -3,835

Prior 7-Day Put/Call Summary

Total Calls 103,730
Total Puts 91,250
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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