Tour v531
CLF
CLEVELAND-CLIFFS INC
$13.90 +6.51%
$13.93 (+0.22%)🌙
as of 10/23 06:15 PM
(10/22 18:18) ◀
|
Friday, October 23, 2026 (6:15pm)
January 2026
|
▶ (10/26 18:18)
◀ 10/23 18:15 ▶

Option Volume

Detail
ℹ
Current (10/23) 76,006
Calls: 52,214 (69%)
Puts: 23,792 (31%)
Prior (10/22) 68,015
Calls: 38,945 (57%)
Puts: 29,070 (43%)
Current vs Prior +11.75%
Calls: +34.07% (Calls)
Puts: -18.16% (Puts)
Prior 7-Day Total 733,979
Calls: 451,335 (61%)
Puts: 282,644 (39%)
Prior 7-Day Average 104,854
Calls: 64,476 (61%)
Puts: 40,377 (39%)
Current vs Prior 7-Day Avg -27.51%
Calls: -19.02%
Puts: -41.08%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (10/23) $6.32M
Calls: $5.17M (82%)
Puts: $1.15M (18%)
Prior (10/22) $5.33M
Calls: $2.38M (45%)
Puts: $2.95M (55%)
Current vs Prior +18.62%
Calls: +117.04%
Puts: -60.87%
Prior 7-Day Total $63.82M
Calls: $40.61M (64%)
Puts: $23.20M (36%)
Prior 7-Day Average $9.12M
Calls: $5.80M (64%)
Puts: $3.31M (36%)
Current vs Prior 7-Day Avg -30.65%
Calls: -10.91%
Puts: -65.19%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (10/23) 0.46
Prior (10/22) 0.75
Current vs Prior -38.95%
Prior 7-Day Average 1.13
Current vs Prior 7-Day Avg -59.57%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (10/23) 609,806
Calls: 445,650 (73%)
Puts: 164,156 (27%)
Prior (10/22) 597,463
Calls: 410,988 (69%)
Puts: 186,475 (31%)
Current vs Prior +2.07%
Prior 7-Day Total 4,315,805
Calls: 2,898,121 (67%)
Puts: 1,417,684 (33%)
Prior 7-Day Average 616,543
Calls: 414,017 (67%)
Puts: 202,526 (33%)
Current vs Prior 7-Day Avg -1.09%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (10/23) | Next (10/30)Expiry (11/20) | Next (12/18)
Current 3.67% | 9.28%15.04% | 19.06%
Prior 5.98% | 10.34%16.70% | 18.85%
Current vs Prior +55.27% | +11.97%-9.99% | +1.14%
Prior 7-Day Avg 8.54% | 12.90%11.97% | 18.62%
Current vs 7-Day Avg +8.68% | -10.19%+25.65% | +2.40%
Prior 7-Day Eod 5.98% | 10.34%16.70% | 18.85%
Current vs 7-Day Eod +55.27% | +11.97%-9.99% | +1.14%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 30.66% | 28.30%
Calls: 23.81% | 17.65%
Puts: 37.50% | 38.95%
Prior 30.66% | 28.30%
Calls: 23.81% | 17.65%
Puts: 37.50% | 38.95%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 26.43% | 26.74%
Calls: 20.95% | 13.98%
Puts: 31.90% | 39.49%
Current vs 7-Day Avg +16.00% | +5.85%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($5.17M) vs puts ($1.15M). Extreme bullish P/C ratio of 0.46 - heavy call buying (52,214 calls vs 23,792 puts). P/C ratio dropping 39% - sentiment shifting bullish. Call-heavy open interest (445,650 calls vs 164,156 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 BULLISH
Current BULLISH
Prior BULLISH
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 1 of results (avg 8.9%, best 8.9%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.00Oct 300.430.47$0.458.9%1.7K0.487.8K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 11 found (avg $0.67, cheapest $0.45)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.00Oct 300.430.47$0.458.9%1.7K0.487.8K
$13.50Oct 300.670.80$0.7417.6%4960.656.3K
$14.50Nov 60.420.51$0.4719.1%2830.412.1K
$14.00Nov 60.620.75$0.6918.8%2920.531.2K
$13.50Nov 60.851.02$0.9418.1%2230.631.3K
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.00Oct 300.500.61$0.5520.0%3480.52780
$14.50Oct 300.780.93$0.8617.4%610.67224
$12.50Nov 200.330.40$0.3718.9%60.23--
$13.00Nov 200.520.59$0.5512.7%1960.315.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 43 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.50Oct 232.152.90$2.5329.6%170.99531
$12.00Oct 231.812.09$1.9514.4%1.7K0.994.0K
$13.50Oct 230.360.49$0.4330.2%5.4K0.957.6K
$11.50Oct 302.262.67$2.4716.6%40.95--
$12.00Oct 301.792.10$1.9515.9%5.2K0.946.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.00Oct 230.010.15$0.08175.0%1.3K1.004.8K
$15.00Oct 230.761.33$1.0554.3%21.00--
$15.50Oct 231.221.78$1.5037.3%11.002
$16.00Oct 231.702.25$1.9827.8%31.00--
$16.50Oct 232.212.77$2.4922.5%11.00--

Most actively traded options today. High liquidity = easy entry/exit. 107 active (total vol 56.8K, top 5.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$14.00Oct 230.000.01$0.01100.0%5.7K0.168.1K
$13.50Oct 230.360.49$0.4330.2%5.4K0.957.6K
$12.00Oct 301.792.10$1.9515.9%5.2K0.946.3K
$14.50Nov 200.700.80$0.7513.3%2.9K0.466.9K
$15.00Oct 300.120.16$0.1428.6%2.4K0.2114.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$13.00Nov 60.270.44$0.3647.2%3.0K0.28215
$12.00Oct 300.010.07$0.04150.0%2.7K0.06712
$13.00Oct 300.140.23$0.1947.4%2.6K0.23562
$13.50Oct 230.000.01$0.01100.0%1.7K0.049.1K
$15.00Nov 61.301.62$1.4621.9%1.6K0.714

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 2233.3%, max 3128.9%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.50Oct 23Dec 41802.1%55.8%3128.9%1.8K7.1K
$13.00Oct 23Dec 41009.2%55.8%1708.3%1.8K11.4K
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.50Oct 23Nov 271802.1%65.0%2671.5%792.3K
$13.00Oct 23Nov 201009.2%66.2%1424.7%5189.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 47 found (best R:R 5.00, avg 1.76)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$15.00$16.50Dec 4$0.25$1.25$0.2539%5.00$15.25
$13.00$14.50Dec 4$0.72$0.78$0.7268%1.08$13.72
$12.00$12.50Nov 13$0.29$0.21$0.2985%0.72$12.29
$13.00$13.50Nov 13$0.22$0.28$0.2268%1.27$13.22
$13.00$13.50Oct 30$0.28$0.22$0.2878%0.79$13.28
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$14.50$13.50Nov 6$0.43$0.57$0.4360%1.33$14.07
$14.00$13.00Nov 20$0.33$0.67$0.3347%2.03$13.67
$13.50$12.50Nov 27$0.30$0.70$0.3042%2.33$13.20
$13.50$13.00Oct 30$0.11$0.39$0.1135%3.55$13.39
$14.50$14.00Nov 13$0.26$0.24$0.2659%0.92$14.24

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 29 found (best R:R 0.59, avg 0.55)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$14.00$14.50Nov 13$0.29$0.29$0.2150%1.38$14.29
$15.50$16.00Nov 6$0.12$0.12$0.3878%0.32$15.62
$15.00$15.50Nov 27$0.21$0.21$0.2963%0.72$15.21
$15.50$16.00Nov 20$0.16$0.16$0.3470%0.47$15.66
$15.50$16.50Nov 27$0.23$0.23$0.7770%0.30$15.73
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$13.50$11.50Dec 4$0.74$0.74$1.2660%0.59$12.76
$12.50$12.00Oct 23$0.21$0.21$0.2981%0.72$12.29
$13.50$13.00Nov 6$0.24$0.24$0.2662%0.92$13.26
$12.50$12.00Nov 13$0.17$0.17$0.3376%0.52$12.33
$12.00$11.50Nov 13$0.11$0.11$0.3984%0.28$11.89

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 23 found (cheapest 0.65% of stock, avg 10.53%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$14.00Oct 23$0.01$0.08$0.09$13.91$14.090.65%
$13.50Oct 23$0.43$0.01$0.44$13.06$13.943.17%
$14.50Oct 23$0.01$0.63$0.64$13.86$15.144.60%
$14.00Oct 30$0.45$0.55$1.00$13.00$15.007.19%
$13.50Oct 30$0.74$0.30$1.04$12.46$14.547.48%
$15.00Oct 23$0.01$1.05$1.06$13.94$16.067.63%
$13.00Oct 23$0.98$0.10$1.08$11.92$14.087.77%
$14.50Oct 30$0.26$0.86$1.12$13.38$15.628.06%
$13.00Oct 30$1.02$0.19$1.21$11.79$14.218.71%
$15.00Oct 30$0.14$1.32$1.46$13.54$16.4610.50%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 119 found (cheapest 0.50% of stock, avg 5.41%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$16.00$12.00Oct 30$0.03$0.04$0.07$11.93$16.07
$16.00$11.50Oct 30$0.03$0.04$0.07$11.43$16.07
$14.00$13.00Oct 23$0.01$0.10$0.11$12.89$14.11
$15.50$12.00Oct 30$0.09$0.04$0.13$11.87$15.63
$15.50$11.50Oct 30$0.09$0.04$0.13$11.37$15.63
$16.00$12.50Oct 30$0.03$0.11$0.14$12.36$16.14
$16.00$11.50Nov 6$0.09$0.07$0.16$11.34$16.16
$15.50$12.50Oct 30$0.09$0.11$0.20$12.30$15.70
$15.00$12.00Oct 30$0.14$0.04$0.18$11.82$15.18
$15.00$11.50Oct 30$0.14$0.04$0.18$11.32$15.18

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 6 found (best R:R 2.13, avg credit $0.30)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
12/1316/16Nov 20$0.34$0.1639%2.13$12.66$15.84
12/1216/16Nov 6$0.25$0.2557%1.00$12.25$15.75
12/1216/16Nov 13$0.25$0.7560%0.33$11.75$15.75
12/1216/16Nov 13$0.31$0.6952%0.45$12.19$15.81
12/1216/16Nov 27$0.36$0.6442%0.56$12.14$15.86
12/1316/16Nov 13$0.30$0.7044%0.43$12.70$15.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 31 found (best R:R 2.12, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$13.00$13.50$14.00Oct 23$0.13$0.3767%2.85
$14.00$14.50$15.00Oct 30$0.07$0.4328%6.14
$13.50$14.00$14.50Oct 23$0.42$0.0892%0.19
$13.50$14.00$14.50Oct 30$0.10$0.4032%4.00
$14.50$15.00$15.50Oct 30$0.07$0.4319%6.14
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$13.00$13.50$14.00Oct 23$0.16$0.3483%2.12
$13.50$14.00$14.50Oct 30$0.06$0.4432%7.33
$13.50$14.00$14.50Nov 13$0.05$0.4519%9.00
$11.50$12.00$12.50Nov 6$0.05$0.4514%9.00
$11.50$12.00$12.50Nov 13$0.06$0.4415%7.33

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 $-0.17, 42 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$13.00$14.501:2Dec 4-$0.17$1.33
$15.00$16.501:2Dec 4-$0.16$1.34
$12.00$13.001:2Nov 6-$0.71$0.29
$13.50$14.001:2Oct 30-$0.16$0.34
$14.00$14.501:2Oct 30-$0.07$0.43
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$15.00$14.501:2Oct 23-$0.21$0.29
$14.50$13.501:2Nov 6-$0.17$0.83
$14.00$13.001:2Nov 20-$0.22$0.78
$14.50$13.501:2Dec 4-$0.36$0.64
$13.50$12.501:2Nov 27-$0.24$0.76

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 25 found (best yield 5.04%, avg 2.91%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$14.50Nov 20$0.700.464.3%5.04%9.35%2.9K6.9K
$14.50Dec 4$0.690.474.3%4.96%9.28%2--
$15.00Nov 27$0.550.377.9%3.96%11.87%14157
$14.00Nov 20$0.900.540.7%6.47%7.19%1664.5K
$15.00Dec 4$0.510.397.9%3.67%11.58%31
$16.50Dec 4$0.280.2518.7%2.01%20.72%45--
$15.00Nov 20$0.510.387.9%3.67%11.58%2.4K11.3K
$14.00Nov 27$0.790.500.7%5.68%6.40%199167
$14.50Nov 27$0.580.434.3%4.17%8.49%6630
$15.50Nov 20$0.340.3011.5%2.45%13.96%19354

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 52,214
Total Puts 23,792
Put/Call Ratio 0.46
Net Difference 28,422

Prior's Put/Call Breakdown

Total Calls 38,945
Total Puts 29,070
Put/Call Ratio 0.75
Net Difference 9,875

Prior 7-Day Put/Call Summary

Total Calls 451,335
Total Puts 282,644
Average Put/Call Ratio 1.13
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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