Tour v388
CLF
CLEVELAND-CLIFFS INC
$9.44 +2.00%
(7/21 18:20) ◀
|
Wednesday, July 22, 2026 (2:05pm)
January 2026
|
▶ (7/22 18:01)
◀ 7/22 14:05 ▶

Option Volume

Detail
ℹ
Current (07/22 2:05pm) 40,094
Calls: 27,710 (69%)
Puts: 12,384 (31%)
Prior (04/20) 65,806
Calls: 34,482 (52%)
Puts: 31,324 (48%)
Current vs Prior -39.07%
Calls: -19.64% (Calls)
Puts: -60.46% (Puts)
Prior 7-Day Total 119,074
Calls: 70,946 (60%)
Puts: 48,128 (40%)
Prior 7-Day Average 59,537
Calls: 10,135 (60%)
Puts: 6,875 (40%)
Current vs Prior 7-Day Avg -32.66%
Calls: +173.41%
Puts: +80.12%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22 2:05pm) $1.66M
Calls: $1.11M (67%)
Puts: $550.9K (33%)
Prior (04/20) $2.73M
Calls: $1.65M (60%)
Puts: $1.08M (40%)
Current vs Prior -39.20%
Calls: -32.88%
Puts: -48.88%
Prior 7-Day Total $5.77M
Calls: $3.36M (58%)
Puts: $2.41M (42%)
Prior 7-Day Average $2.89M
Calls: $480.4K (58%)
Puts: $344.4K (42%)
Current vs Prior 7-Day Avg -42.55%
Calls: +130.60%
Puts: +59.94%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22 2:05pm) 0.45
Prior (04/20) 0.91
Current vs Prior -50.80%
Prior 7-Day Average 0.68
Current vs Prior 7-Day Avg -34.72%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22 2:05pm) 714,445
Calls: 518,054 (73%)
Puts: 196,391 (27%)
Prior (04/20) 595,448
Calls: 394,232 (66%)
Puts: 201,216 (34%)
Current vs Prior +19.98%
Prior 7-Day Total 1,297,773
Calls: 868,471 (67%)
Puts: 429,302 (33%)
Prior 7-Day Average 648,886
Calls: 434,235 (67%)
Puts: 214,651 (33%)
Current vs Prior 7-Day Avg +10.10%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 11.76% | 14.19%20.02% | 24.58%
Prior 1.92% | 11.92%-- | --
Current vs Prior +512.68% | +19.09%-- | --
Prior 7-Day Avg 4.18% | 10.64%-- | --
Current vs 7-Day Avg +181.17% | +33.44%-- | --
Prior 7-Day Eod 1.92% | 11.92%-- | --
Current vs 7-Day Eod +512.68% | +19.09%-- | --
Sentiment BEARISH--

Relative Spread

Detail
ℹ
Expiry | Next
Current 12.66% | 14.38%
Calls: 13.46% | 18.75%
Puts: 11.86% | 10.00%
Prior 57.50% | 2.63%
Calls: 75.00% | 3.70%
Puts: 40.00% | 1.56%
Current vs Prior -77.98% | +446.77%
Prior 7-Day Avg 57.50% | 2.63%
Calls: 75.00% | 3.70%
Puts: 40.00% | 1.56%
Current vs 7-Day Avg -77.98% | +446.77%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 67% call dollar volume ($1.11M). Extreme bullish P/C ratio of 0.45 - heavy call buying (27,710 calls vs 12,384 puts). P/C ratio dropping 51% - sentiment shifting bullish. Call-heavy open interest (518,054 calls vs 196,391 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 BULLISH
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 22 of results (avg 7.1%, best 2.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 211.111.14$1.132.7%600.625.3K
$10.50Jul 310.290.30$0.303.3%370.30862
$8.00Aug 211.721.82$1.775.6%30.79141
$8.50Jul 311.181.26$1.226.6%510.76221
$8.50Jul 241.101.18$1.147.0%450.80293
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Aug 210.640.66$0.653.1%20.381.7K
$10.00Aug 211.171.23$1.205.0%1590.553.6K
$11.00Aug 71.771.87$1.825.5%--0.7481
$10.00Jul 310.961.03$1.007.0%50.591.0K
$10.50Jul 241.211.30$1.257.2%50.74641

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 31 found (avg $0.58, cheapest $0.15)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.50Jul 240.190.21$0.2010.0%2630.262.5K
$10.50Jul 310.290.30$0.303.3%370.30862
$10.00Jul 240.300.34$0.3212.5%4.7K0.3711.9K
$11.00Aug 210.360.40$0.3810.5%6840.3027.8K
$10.00Jul 310.420.48$0.4513.3%1.1K0.413.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 310.140.16$0.1513.3%910.152.4K
$8.50Jul 240.140.17$0.1618.8%5470.201.5K
$8.50Jul 310.230.28$0.2619.2%4080.24679
$8.00Aug 210.280.33$0.3116.1%1080.213.0K
$9.00Jul 310.410.49$0.4517.8%340.36888

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 35 found (avg delta 0.66, highest 0.89)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$8.00Jul 241.341.57$1.4615.8%250.8953
$8.00Jul 311.331.72$1.5325.5%260.84323
$8.00Aug 71.451.79$1.6221.0%500.8158
$8.50Jul 241.101.18$1.147.0%450.80293
$8.00Aug 141.512.04$1.7829.8%10.803
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$11.00Jul 241.571.98$1.7823.0%630.83342
$11.00Jul 311.591.93$1.7619.3%590.79292
$11.00Aug 71.771.87$1.825.5%--0.7481
$10.50Jul 241.211.30$1.257.2%50.74641
$11.00Aug 211.872.13$2.0013.0%200.70966

Most actively traded options today. High liquidity = easy entry/exit. 62 active (total vol 19.0K, top 4.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$10.00Jul 240.300.34$0.3212.5%4.7K0.3711.9K
$11.00Jul 240.100.14$0.1233.3%2.6K0.175.7K
$10.00Jul 310.420.48$0.4513.3%1.1K0.413.8K
$10.00Aug 210.650.70$0.687.4%9160.454.9K
$9.00Jul 310.840.95$0.9012.2%9120.644.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.50Jul 240.550.62$0.5911.9%3.1K0.491.7K
$9.00Jul 240.310.38$0.3520.0%6000.353.8K
$8.50Jul 240.140.17$0.1618.8%5470.201.5K
$8.50Jul 310.230.28$0.2619.2%4080.24679
$8.50Aug 70.320.40$0.3622.2%2050.27112

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 125.5%, max 142.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$11.00Jul 24Aug 28198.1%81.7%142.3%2.6K5.7K
$9.00Jul 24Aug 28191.4%81.1%136.0%2434.3K
$10.50Jul 24Aug 28195.4%82.9%135.8%2702.5K
$9.50Jul 24Aug 28192.6%83.1%131.7%5968.6K
$10.00Jul 24Aug 28191.2%82.6%131.5%4.7K12.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$9.00Jul 24Aug 28191.4%81.1%136.0%6083.8K
$11.00Jul 24Aug 21198.1%84.1%135.4%831.3K
$10.00Jul 24Aug 28191.2%82.6%131.5%201.1K
$10.50Jul 24Aug 21195.4%84.6%131.0%25741
$8.00Jul 24Aug 28183.8%83.7%119.5%2043.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 52 found (best R:R 3.55, avg 1.56)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$10.50$11.00Jul 31$0.11$0.39$0.113.55$10.61
$10.50$11.00Aug 7$0.11$0.39$0.113.55$10.61
$10.00$10.50Jul 24$0.12$0.38$0.123.17$10.12
$10.50$11.00Aug 14$0.13$0.37$0.132.85$10.63
$10.50$11.00Aug 21$0.13$0.37$0.132.85$10.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$8.50$8.00Jul 31$0.11$0.39$0.113.55$8.39
$9.00$8.50Aug 21$0.11$0.39$0.113.55$8.89
$8.50$8.00Aug 7$0.13$0.37$0.132.85$8.37
$8.50$8.00Aug 14$0.15$0.35$0.152.33$8.35
$9.00$8.50Aug 7$0.17$0.33$0.171.94$8.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 58 found (best R:R 2.85, avg 1.05)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$8.00$9.00Aug 14$0.71$0.71$0.292.45$8.71
$8.50$9.00Jul 24$0.35$0.35$0.152.33$8.85
$8.00$8.50Jul 24$0.32$0.32$0.181.78$8.32
$8.50$9.00Jul 31$0.32$0.32$0.181.78$8.82
$8.00$8.50Aug 7$0.32$0.32$0.181.78$8.32
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$10.50$10.00Jul 24$0.37$0.37$0.132.85$10.13
$10.50$10.00Aug 21$0.36$0.36$0.142.57$10.14
$10.50$10.00Aug 14$0.35$0.35$0.152.33$10.15
$10.50$10.00Jul 31$0.34$0.34$0.162.13$10.16
$10.50$10.00Aug 7$0.33$0.33$0.171.94$10.17

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.10, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.00Jul 24Jul 31$0.07183.8%112.3%
$11.00Jul 24Jul 31$0.07198.1%110.6%
$8.50Jul 24Jul 31$0.08174.3%108.8%
$10.50Jul 24Jul 31$0.10195.4%112.3%
$9.00Jul 24Jul 31$0.11191.4%111.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$8.00Jul 24Jul 31$0.08183.8%112.3%
$10.50Jul 24Jul 31$0.09195.4%112.3%
$8.50Jul 24Jul 31$0.10174.3%108.8%
$9.00Jul 24Jul 31$0.10191.4%111.3%
$9.50Jul 24Jul 31$0.11192.6%112.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 34 found (cheapest 11.76% of stock, avg 18.01%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$9.50Jul 24$0.52$0.59$1.11$8.39$10.6111.76%
$9.00Jul 24$0.79$0.35$1.14$7.86$10.1412.08%
$10.00Jul 24$0.32$0.88$1.20$8.80$11.2012.71%
$8.50Jul 24$1.14$0.16$1.30$7.20$9.8013.77%
$9.50Jul 31$0.64$0.70$1.34$8.16$10.8414.19%
$9.00Jul 31$0.90$0.45$1.35$7.65$10.3514.30%
$10.50Jul 24$0.20$1.25$1.45$9.05$11.9515.36%
$10.00Jul 31$0.45$1.00$1.45$8.55$11.4515.36%
$8.50Jul 31$1.22$0.26$1.48$7.02$9.9815.68%
$9.50Aug 7$0.73$0.78$1.51$7.99$11.0116.00%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 69 found (cheapest 2.01% of stock, avg 9.39%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$11.00$8.00Jul 24$0.12$0.07$0.19$7.81$11.19
$10.50$8.00Jul 24$0.20$0.07$0.27$7.73$10.77
$11.00$8.50Jul 24$0.12$0.16$0.28$8.22$11.28
$11.00$8.00Jul 31$0.19$0.15$0.34$7.66$11.34
$10.50$8.50Jul 24$0.20$0.16$0.36$8.14$10.86
$10.00$8.00Jul 24$0.32$0.07$0.39$7.61$10.39
$10.50$8.00Jul 31$0.30$0.15$0.45$7.55$10.95
$11.00$8.50Jul 31$0.19$0.26$0.45$8.05$11.45
$11.00$9.00Jul 24$0.12$0.35$0.47$8.53$11.47
$10.00$8.50Jul 24$0.32$0.16$0.48$8.02$10.48

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 38 found (best R:R 4.00, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
9/1010/10Jul 31$0.40$0.104.00$9.10$10.40
9/1010/10Aug 14$0.40$0.104.00$9.10$10.40
8/910/10Aug 28$0.40$0.104.00$8.60$9.90
8/910/10Jul 24$0.39$0.113.55$8.61$9.89
8/910/10Jul 31$0.38$0.123.17$8.62$9.88
9/1010/11Aug 14$0.38$0.123.17$9.12$10.88
8/89/10Jul 31$0.37$0.132.85$8.13$9.37
8/810/10Aug 14$0.37$0.132.85$8.13$9.87
8/810/10Aug 28$0.37$0.132.85$8.13$9.87
9/1010/10Jul 24$0.36$0.142.57$9.14$10.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 27 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$10.00$10.50$11.00Aug 7$0.05$0.459.00
$8.50$9.00$9.50Jul 31$0.06$0.447.33
$9.50$10.00$10.50Aug 21$0.06$0.447.33
$9.00$9.50$10.00Jul 24$0.07$0.436.14
$9.00$9.50$10.00Jul 31$0.07$0.436.14
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$8.50$9.00$9.50Jul 24$0.05$0.459.00
$9.00$9.50$10.00Jul 24$0.05$0.459.00
$9.00$9.50$10.00Jul 31$0.05$0.459.00
$8.00$8.50$9.00Aug 14$0.05$0.459.00
$8.50$9.00$9.50Aug 14$0.05$0.459.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 40 found (best net $-0.23, 40 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$8.00$9.001:2Aug 14-$0.36$0.64
$8.00$9.001:2Aug 21-$0.49$0.51
$10.00$10.501:2Jul 24-$0.08$0.42
$10.50$11.001:2Jul 31-$0.08$0.42
$9.50$10.001:2Jul 24-$0.12$0.38
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$9.001:2Aug 28-$0.23$0.77
$9.00$8.501:2Jul 31-$0.07$0.43
$8.50$8.001:2Aug 21-$0.08$0.42
$8.50$8.001:2Aug 7-$0.10$0.40
$9.50$9.001:2Jul 24-$0.11$0.39

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 24 found (best yield 9.43%, avg 4.90%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$9.50Aug 28$0.890.540.6%9.43%10.06%--54
$9.50Aug 21$0.850.530.6%9.00%9.64%4141
$9.50Aug 14$0.770.530.6%8.16%8.79%63219
$9.50Aug 7$0.690.530.6%7.31%7.94%73130
$10.00Aug 28$0.680.465.9%7.20%13.14%--87
$10.00Aug 21$0.650.455.9%6.89%12.82%9164.9K
$9.50Jul 31$0.580.520.6%6.14%6.78%613.4K
$10.00Aug 14$0.540.445.9%5.72%11.65%595
$10.50Aug 28$0.520.3911.2%5.51%16.74%737
$10.00Aug 7$0.510.435.9%5.40%11.33%32417

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 27,710
Total Puts 12,384
Put/Call Ratio 0.45
Net Difference 15,326

Prior's Put/Call Breakdown

Total Calls 34,482
Total Puts 31,324
Put/Call Ratio 0.91
Net Difference 3,158

Prior 7-Day Put/Call Summary

Total Calls 70,946
Total Puts 48,128
Average Put/Call Ratio 0.68
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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