Tour v393
CLF
CLEVELAND-CLIFFS INC
$10.93 +15.66%
7/23 09:35

Option Volume

Detail
Current (07/23 9:35am) 8,845
Calls: 6,805 (77%)
Puts: 2,040 (23%)
Prior --
Calls: 36,464 (68%)
Puts: 16,804 (32%)
Current vs Prior +0.00%
Calls: -81.34% (Calls)
Puts: -87.86% (Puts)
Prior 7-Day Total 159,168
Calls: 98,656 (62%)
Puts: 60,512 (38%)
Prior 7-Day Average 53,056
Calls: 14,093 (62%)
Puts: 8,644 (38%)
Current vs Prior 7-Day Avg -83.33%
Calls: -51.72%
Puts: -76.40%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/23 9:35am) $733.2K
Calls: $633.2K (86%)
Puts: $100.0K (14%)
Prior --
Calls: $1.71M (56%)
Puts: $1.33M (44%)
Current vs Prior +0.00%
Calls: -63.02%
Puts: -92.50%
Prior 7-Day Total $7.43M
Calls: $4.47M (60%)
Puts: $2.96M (40%)
Prior 7-Day Average $2.48M
Calls: $638.6K (60%)
Puts: $423.2K (40%)
Current vs Prior 7-Day Avg -70.40%
Calls: -0.85%
Puts: -76.36%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/23 9:35am) 0.30
Prior 1.00
Current vs Prior -70.02%
Prior 7-Day Average 0.61
Current vs Prior 7-Day Avg -50.48%
Sentiment BULLISH

Open Interest

Detail
Current (07/23 9:35am) 755,394
Calls: 548,820 (73%)
Puts: 206,574 (27%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
Prior 7-Day Total 2,012,218
Calls: 1,386,525 (69%)
Puts: 625,693 (31%)
Prior 7-Day Average 670,739
Calls: 462,175 (69%)
Puts: 208,564 (31%)
Current vs Prior 7-Day Avg +12.62%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 8.51% | 11.99%18.85% | 21.77%
Prior 6.44% | 9.36%20.02% | 24.58%
Current vs Prior +32.02% | +28.11%-5.86% | -11.40%
Prior 7-Day Avg 6.71% | 11.82%20.02% | 24.58%
Current vs 7-Day Avg +26.85% | +1.37%-5.86% | -11.40%
Prior 7-Day Eod 6.44% | 9.36%19.26% | 24.76%
Current vs 7-Day Eod +32.02% | +28.11%-2.14% | -12.06%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 55.20% | 48.80%
Calls: 44.26% | 46.99%
Puts: 66.15% | 50.60%
Prior 10.05% | 12.29%
Calls: 8.11% | 11.76%
Puts: 12.00% | 12.82%
Current vs Prior +449.25% | +297.07%
Prior 7-Day Avg 33.77% | 7.46%
Calls: 41.55% | 7.73%
Puts: 26.00% | 7.19%
Current vs 7-Day Avg +63.43% | +554.16%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($633.2K) vs puts ($100.0K). Extreme bullish P/C ratio of 0.30 - heavy call buying (6,805 calls vs 2,040 puts). P/C ratio dropping 70% - sentiment shifting bullish. Call-heavy open interest (548,820 calls vs 206,574 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 NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
14:05BULLISHBULLISHBULLISH
09:35BULLISHBULLISHBULLISH

📈 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 -- of results (avg --%, best --%)

No options available for this category

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

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 46 found (avg delta 0.72, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.00Jul 241.732.20$1.9723.9%6040.994.2K
$9.50Jul 241.421.67$1.5516.1%910.958.7K
$9.00Jul 311.792.24$2.0222.3%70.914.2K
$9.50Jul 311.321.74$1.5327.5%30.883.7K
$10.00Jul 240.961.10$1.0313.6%6190.8624.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.50Jul 240.343.25$1.80161.7%--1.0030
$13.00Jul 240.973.50$2.24112.9%--1.0033
$12.00Jul 240.011.85$0.93197.8%--0.89380
$12.50Jul 310.952.10$1.5375.2%--0.8549
$13.00Jul 311.402.55$1.9858.1%--0.8539

Most actively traded options today. High liquidity = easy entry/exit. 60 active (total vol 6.7K, top 1.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$12.00Aug 210.430.56$0.5026.0%1.6K0.3618.2K
$11.50Jul 240.120.20$0.1650.0%7380.301.4K
$11.00Jul 240.310.38$0.3520.0%6430.538.1K
$10.00Jul 240.961.10$1.0313.6%6190.8624.2K
$9.00Jul 241.732.20$1.9723.9%6040.994.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$9.50Jul 240.020.03$0.0333.3%3600.054.2K
$10.00Jul 240.030.08$0.0683.3%2950.141.1K
$9.00Jul 240.000.01$0.01100.0%2930.014.6K
$9.00Aug 210.160.23$0.2035.0%420.152.0K
$9.50Jul 310.050.16$0.11100.0%330.13484

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 18 strikes (avg 87.8%, max 123.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$12.00Jul 24Aug 28142.0%66.3%114.3%21530.3K
$10.00Jul 24Aug 28162.0%78.1%107.6%62124.3K
$9.50Jul 24Aug 28162.2%78.4%106.8%918.8K
$10.50Jul 24Aug 28177.8%93.3%90.6%1102.8K
$13.00Jul 24Aug 28161.6%85.1%89.9%301.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$13.00Jul 24Aug 21161.6%72.4%123.4%1745
$12.50Jul 24Aug 21147.6%68.8%114.6%--55
$10.00Jul 24Aug 28162.0%78.1%107.6%2951.1K
$9.50Jul 24Aug 21162.2%78.3%107.0%3604.3K
$10.50Jul 24Aug 28177.8%93.3%90.6%20650

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 30 found (best R:R 7.33, avg 1.66)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$11.00$11.50Aug 7$0.11$0.39$0.113.55$11.11
$11.00$11.50Aug 14$0.12$0.38$0.123.17$11.12
$11.00$11.50Aug 28$0.14$0.36$0.142.57$11.14
$11.50$12.00Aug 21$0.15$0.35$0.152.33$11.65
$12.00$12.50Aug 21$0.17$0.33$0.171.94$12.17
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$10.00$9.00Aug 28$0.12$0.88$0.127.33$9.88
$10.00$9.50Jul 31$0.13$0.37$0.132.85$9.87
$11.50$10.50Aug 28$0.29$0.71$0.292.45$11.21
$9.50$9.00Aug 21$0.17$0.33$0.171.94$9.33
$10.50$10.00Jul 24$0.18$0.32$0.181.78$10.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 37 found (best R:R 3.55, avg 1.25)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$11.50$12.00Aug 7$0.39$0.39$0.113.55$11.89
$10.00$10.50Jul 31$0.36$0.36$0.142.57$10.36
$9.00$9.50Aug 21$0.36$0.36$0.142.57$9.36
$9.50$10.00Jul 31$0.34$0.34$0.162.13$9.84
$9.50$10.00Aug 28$0.32$0.32$0.181.78$9.82
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$10.00$9.50Aug 14$0.39$0.39$0.113.55$9.61
$13.00$12.50Aug 21$0.38$0.38$0.123.17$12.62
$12.00$11.50Aug 21$0.35$0.35$0.152.33$11.65
$11.50$11.00Aug 7$0.32$0.32$0.181.78$11.18
$10.50$10.00Jul 31$0.31$0.31$0.191.63$10.19

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Jul 24Jul 31$0.05158.9%106.8%
$12.50Jul 24Jul 31$0.09147.6%83.5%
$13.00Jul 24Jul 31$0.12161.6%105.7%
$12.00Jul 24Jul 31$0.13142.0%81.4%
$11.50Jul 24Jul 31$0.14125.4%74.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$9.00Jul 24Jul 31$0.07158.9%106.8%
$9.50Jul 24Jul 31$0.08162.2%92.3%
$12.00Jul 24Jul 31$0.08138.9%81.4%
$11.00Jul 24Jul 31$0.16126.3%69.3%
$10.00Jul 24Jul 31$0.18162.0%108.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 43 found (cheapest 6.13% of stock, avg 16.85%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$11.00Jul 24$0.35$0.32$0.67$10.33$11.676.13%
$10.50Jul 24$0.61$0.24$0.85$9.65$11.357.78%
$12.00Jul 24$0.07$0.93$1.00$11.00$13.009.15%
$11.50Jul 31$0.30$0.70$1.00$10.50$12.509.15%
$11.00Jul 31$0.55$0.48$1.03$9.97$12.039.42%
$10.00Jul 24$1.03$0.06$1.09$8.91$11.099.97%
$12.00Jul 31$0.20$1.01$1.21$10.79$13.2111.07%
$11.50Jul 24$0.16$1.09$1.25$10.25$12.7511.44%
$10.50Jul 31$0.83$0.55$1.38$9.12$11.8812.63%
$11.00Aug 7$0.68$0.73$1.41$9.59$12.4112.90%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 100 found (cheapest 0.55% of stock, avg 7.55%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$12.50$9.50Jul 24$0.03$0.03$0.06$9.44$12.56
$12.50$10.00Jul 24$0.03$0.06$0.09$9.91$12.59
$12.00$9.50Jul 24$0.07$0.03$0.10$9.40$12.10
$12.00$10.00Jul 24$0.07$0.06$0.13$9.87$12.13
$11.50$9.50Jul 24$0.16$0.03$0.19$9.31$11.69
$12.50$9.00Jul 31$0.12$0.08$0.20$8.80$12.70
$11.50$10.00Jul 24$0.16$0.06$0.22$9.78$11.72
$13.00$9.00Jul 31$0.14$0.08$0.22$8.78$13.22
$12.50$9.50Jul 31$0.12$0.11$0.23$9.27$12.73
$13.00$9.50Jul 31$0.14$0.11$0.25$9.25$13.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 12 found (best R:R 3.41, avg credit $0.43)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
10/1212/13Aug 14$1.16$0.343.41$10.84$13.66
10/1011/12Jul 31$0.38$0.123.17$9.62$11.38
9/1010/10Aug 21$0.38$0.123.17$9.12$10.38
10/1011/12Jul 24$0.37$0.132.85$10.13$11.37
9/1012/12Aug 21$0.34$0.162.12$9.16$12.34
9/1011/12Aug 7$0.33$0.171.94$9.17$11.33
9/1012/12Aug 21$0.32$0.181.78$9.18$11.82
10/1212/13Aug 28$0.52$0.481.08$10.98$13.02
9/1012/12Aug 28$0.43$0.570.75$9.57$11.93
9/1010/11Aug 28$0.36$0.640.56$9.64$10.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 30 found (best R:R 6.14, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$10.50$11.00$11.50Jul 24$0.07$0.436.14
$10.00$10.50$11.00Jul 31$0.08$0.425.25
$11.00$11.50$12.00Aug 21$0.09$0.414.56
$9.50$10.00$10.50Jul 24$0.10$0.404.00
$11.00$11.50$12.00Jul 24$0.10$0.404.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$11.00$11.50$12.00Jul 31$0.09$0.414.56
$9.00$9.50$10.00Jul 31$0.10$0.404.00
$10.50$11.00$11.50Aug 7$0.10$0.404.00
$10.00$10.50$11.00Aug 7$0.13$0.372.85
$9.50$10.00$10.50Jul 24$0.15$0.352.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 37 found (best net $-0.41, 29 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.50$11.001:2Jul 24-$0.09$0.41
$11.50$12.001:2Jul 31-$0.10$0.40
$12.50$13.001:2Jul 31-$0.16$0.34
$12.00$12.501:2Aug 21-$0.16$0.34
$11.50$12.001:2Aug 28-$0.18$0.32
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$10.00$9.001:2Aug 28-$0.41$0.59
$9.50$9.001:2Jul 31-$0.05$0.45
$12.50$12.001:2Jul 24-$0.06$0.44
$11.00$10.501:2Jul 24-$0.16$0.34
$10.50$10.001:2Aug 28-$0.22$0.28

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 18 found (best yield 7.23%, avg 2.89%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$11.00Aug 21$0.790.530.6%7.23%7.87%37028.2K
$11.00Aug 28$0.680.520.6%6.22%6.86%--54
$11.00Aug 7$0.520.520.6%4.76%5.40%10198
$11.50Aug 21$0.520.445.2%4.76%9.97%72.6K
$11.50Aug 28$0.470.455.2%4.30%9.52%545
$12.00Aug 21$0.430.369.8%3.93%13.72%1.6K18.2K
$11.00Jul 31$0.410.530.6%3.75%4.39%241.6K
$11.00Jul 24$0.310.530.6%2.84%3.48%6438.1K
$13.00Aug 21$0.230.2318.9%2.10%21.04%519.2K
$11.00Aug 14$0.220.540.6%2.01%2.65%--99

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 6,805
Total Puts 2,040
Put/Call Ratio 0.30
Net Difference 4,765

Prior's Put/Call Breakdown

Total Calls 36,464
Total Puts 16,804
Put/Call Ratio 1.00
Net Difference 19,660

Prior 7-Day Put/Call Summary

Total Calls 98,656
Total Puts 60,512
Average Put/Call Ratio 0.61
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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