CLF - Options Database

CLF

CLEVELAND-CLIFFS INC

$11.06 +17.04%

(7/23 09:45) ◀

Thursday, July 23, 2026 (9:50am)

▶ (7/23 09:55)

◀ 7/23 09:50 ▶

Option Volume

Detail

ℹ

Current (07/23 9:50am) 49,103

Calls: 43,494 (89%)

Puts: 5,609 (11%)

Prior --

Calls: 36,464 (68%)

Puts: 16,804 (32%)

Current vs Prior +0.00%

Calls: +19.28% (Calls)

Puts: -66.62% (Puts)

Prior 7-Day Total 244,819

Calls: 174,234 (71%)

Puts: 70,585 (29%)

Prior 7-Day Average 40,803

Calls: 24,890 (71%)

Puts: 10,083 (29%)

Current vs Prior 7-Day Avg +20.34%

Calls: +74.74%

Puts: -44.37%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/23 9:50am) $3.12M

Calls: $2.80M (90%)

Puts: $326.3K (10%)

Prior --

Calls: $1.71M (56%)

Puts: $1.33M (44%)

Current vs Prior +0.00%

Calls: +63.41%

Puts: -75.53%

Prior 7-Day Total $12.40M

Calls: $8.89M (72%)

Puts: $3.51M (28%)

Prior 7-Day Average $2.07M

Calls: $1.27M (72%)

Puts: $500.8K (28%)

Current vs Prior 7-Day Avg +51.22%

Calls: +120.31%

Puts: -34.85%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/23 9:50am) 0.13

Prior 1.00

Current vs Prior -87.10%

Prior 7-Day Average 0.39

Current vs Prior 7-Day Avg -67.11%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/23 9:50am) 755,394

Calls: 548,820 (73%)

Puts: 206,574 (27%)

Prior --

Calls: -- (--)

Puts: -- (--)

Current vs Prior +0.00%

Prior 7-Day Total 4,278,400

Calls: 3,032,985 (71%)

Puts: 1,245,415 (29%)

Prior 7-Day Average 713,066

Calls: 505,497 (71%)

Puts: 207,569 (29%)

Current vs Prior 7-Day Avg +5.94%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)

Current 9.49% | 11.39%23.06% | 21.43%

Prior 11.76% | 14.19%20.02% | 24.58%

Current vs Prior -19.26% | -19.74%+15.16% | -12.81%

Prior 7-Day Avg 6.71% | 11.82%20.02% | 24.58%

Current vs 7-Day Avg +41.54% | -3.64%+15.16% | -12.81%

Prior 7-Day Eod 11.76% | 14.19%19.26% | 24.76%

Current vs 7-Day Eod -19.26% | -19.74%+19.71% | -13.46%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 28.91% | 32.80%

Calls: 18.75% | 12.96%

Puts: 39.07% | 52.63%

Prior 12.66% | 14.38%

Calls: 13.46% | 18.75%

Puts: 11.86% | 10.00%

Current vs Prior +128.36% | +128.09%

Prior 7-Day Avg 26.74% | 9.77%

Calls: 32.19% | 11.40%

Puts: 21.29% | 8.13%

Current vs 7-Day Avg +8.13% | +235.84%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($2.80M) vs puts ($326.3K). Dollar volume significantly above 7-day average (51% higher). Extreme bullish P/C ratio of 0.13 - heavy call buying (43,494 calls vs 5,609 puts). P/C ratio dropping 87% - 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 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)

Time	Smart Money	Retail	Overall
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	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

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Tightest Spreads

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Best Value <$1

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High Delta

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 7 of results (avg 8.2%, best 6.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$13.00	Aug 21	0.28	0.30	$0.29	6.9%	146	0.24	9.2K
$12.00	Aug 21	0.51	0.55	$0.53	7.5%	2.3K	0.37	18.2K
$9.50	Aug 7	1.63	1.76	$1.69	7.7%	32	0.84	180
$9.00	Jul 24	1.98	2.15	$2.07	8.2%	630	1.00	4.2K
$11.00	Aug 21	0.87	0.95	$0.91	8.8%	2.1K	0.54	28.2K

PUTS (0)

No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 10 found (avg $0.47, cheapest $0.15)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$11.50	Jul 24	0.14	0.16	$0.15	13.3%	2.1K	0.29	1.4K
$13.00	Aug 21	0.28	0.30	$0.29	6.9%	146	0.24	9.2K
$11.00	Jul 24	0.29	0.35	$0.32	18.8%	2.0K	0.53	8.1K
$12.00	Aug 21	0.51	0.55	$0.53	7.5%	2.3K	0.37	18.2K
$11.00	Jul 31	0.51	0.58	$0.54	13.0%	88	0.54	1.6K

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$9.00	Aug 21	0.15	0.18	$0.16	18.8%	158	0.14	2.0K
$11.00	Jul 31	0.44	0.53	$0.49	18.4%	6	0.46	303

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 47 found (avg delta 0.74, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$9.00	Jul 24	1.98	2.15	$2.07	8.2%	630	1.00	4.2K
$9.50	Jul 24	1.50	1.64	$1.57	8.9%	444	0.94	8.7K
$9.00	Jul 31	1.96	2.30	$2.13	16.0%	9	0.94	4.2K
$10.00	Jul 24	1.04	1.18	$1.11	12.6%	3.1K	0.91	24.2K
$9.00	Aug 7	1.71	2.49	$2.10	37.1%	2	0.91	249

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$13.00	Jul 24	0.97	2.92	$1.94	100.5%	2	0.97	33
$12.50	Jul 24	1.23	1.69	$1.46	31.5%	2	0.94	30
$13.00	Jul 31	1.40	2.55	$1.98	58.1%	--	0.90	39
$12.00	Jul 24	0.69	1.22	$0.96	55.2%	3	0.87	380
$12.50	Jul 31	0.95	2.10	$1.53	75.2%	--	0.85	49

Most actively traded options today. High liquidity = easy entry/exit. 81 active (total vol 42.5K, top 16.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$12.00	Jul 24	0.04	0.06	$0.05	40.0%	16.0K	0.13	30.2K
$10.00	Jul 31	1.05	1.26	$1.16	18.1%	3.1K	0.83	4.8K
$10.00	Jul 24	1.04	1.18	$1.11	12.6%	3.1K	0.91	24.2K
$12.00	Aug 21	0.51	0.55	$0.53	7.5%	2.3K	0.37	18.2K
$11.00	Aug 21	0.87	0.95	$0.91	8.8%	2.1K	0.54	28.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$11.00	Jul 24	0.22	0.36	$0.29	48.3%	1.1K	0.47	340
$9.00	Jul 24	0.00	0.01	$0.01	100.0%	1.1K	0.01	4.6K
$9.50	Jul 24	0.01	0.02	$0.02	50.0%	631	0.04	4.2K
$10.00	Jul 24	0.02	0.05	$0.04	75.0%	310	0.09	1.1K
$9.00	Aug 21	0.15	0.18	$0.16	18.8%	158	0.14	2.0K

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 74.2%, max 113.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$10.50	Jul 24	Aug 28	122.2%	57.2%	113.5%	247	2.8K
$9.50	Jul 24	Aug 28	146.2%	73.7%	98.3%	448	8.8K
$13.00	Jul 24	Aug 28	144.3%	78.0%	84.9%	186	1.1K
$10.00	Jul 24	Aug 28	126.6%	74.7%	69.5%	3.1K	24.3K
$9.00	Jul 24	Aug 28	158.9%	95.4%	66.6%	630	4.2K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$10.50	Jul 24	Aug 28	122.2%	57.2%	113.5%	118	650
$9.50	Jul 24	Aug 21	146.2%	69.6%	109.9%	664	4.3K
$12.50	Jul 24	Aug 21	131.6%	70.0%	88.0%	2	55
$13.00	Jul 24	Aug 28	144.3%	78.0%	84.9%	42	33
$12.00	Jul 24	Aug 21	123.4%	71.2%	73.4%	23	2.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 31 found (best R:R 5.67, avg 1.73)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$11.50	$12.00	Jul 31	$0.15	$0.35	$0.15	2.33	$11.65
$11.00	$11.50	Aug 7	$0.15	$0.35	$0.15	2.33	$11.15
$10.00	$10.50	Aug 21	$0.16	$0.34	$0.16	2.13	$10.16
$11.50	$12.00	Aug 21	$0.16	$0.34	$0.16	2.13	$11.66
$10.50	$11.00	Aug 28	$0.16	$0.34	$0.16	2.13	$10.66

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$10.00	$9.00	Aug 28	$0.15	$0.85	$0.15	5.67	$9.85
$9.50	$9.00	Aug 21	$0.11	$0.39	$0.11	3.55	$9.39
$11.00	$10.50	Jul 31	$0.14	$0.36	$0.14	2.57	$10.86
$10.00	$9.50	Aug 21	$0.15	$0.35	$0.15	2.33	$9.85
$10.00	$9.50	Aug 7	$0.16	$0.34	$0.16	2.12	$9.84

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 41 found (best R:R 3.84, avg 1.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$10.50	$11.00	Aug 7	$0.39	$0.39	$0.11	3.55	$10.89
$12.50	$13.00	Aug 14	$0.39	$0.39	$0.11	3.55	$12.89
$10.00	$10.50	Aug 14	$0.38	$0.38	$0.12	3.17	$10.38
$10.50	$11.00	Aug 21	$0.37	$0.37	$0.13	2.85	$10.87
$10.00	$10.50	Jul 31	$0.36	$0.36	$0.14	2.57	$10.36

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$13.00	$11.50	Aug 28	$1.19	$1.19	$0.31	3.84	$11.81
$10.00	$9.50	Aug 14	$0.39	$0.39	$0.11	3.55	$9.61
$11.50	$10.50	Aug 28	$0.68	$0.68	$0.32	2.13	$10.82
$12.00	$11.00	Aug 14	$0.64	$0.64	$0.36	1.78	$11.36
$11.00	$10.50	Aug 14	$0.27	$0.27	$0.23	1.17	$10.73

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.14, cheapest $0.06)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$9.00	Jul 24	Jul 31	$0.06	158.9%	91.0%
$9.50	Jul 24	Jul 31	$0.07	146.2%	84.6%
$12.50	Jul 24	Jul 31	$0.08	131.6%	75.7%
$12.00	Jul 24	Jul 31	$0.13	123.4%	75.7%
$10.50	Jul 24	Jul 31	$0.15	122.2%	90.5%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$9.50	Jul 24	Jul 31	$0.06	146.2%	84.6%
$12.50	Jul 24	Jul 31	$0.07	131.6%	75.7%
$10.00	Jul 24	Jul 31	$0.09	126.6%	75.7%
$11.00	Jul 24	Jul 31	$0.20	116.6%	77.0%
$10.50	Jul 24	Jul 31	$0.23	122.2%	90.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 45 found (cheapest 5.52% of stock, avg 16.09%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$11.00	Jul 24	$0.32	$0.29	$0.61	$10.39	$11.61	5.52%
$10.50	Jul 24	$0.65	$0.12	$0.77	$9.73	$11.27	6.96%
$11.50	Jul 24	$0.15	$0.73	$0.88	$10.62	$12.38	7.96%
$12.00	Jul 24	$0.05	$0.96	$1.01	$10.99	$13.01	9.13%
$11.00	Jul 31	$0.54	$0.49	$1.03	$9.97	$12.03	9.31%
$11.50	Jul 31	$0.33	$0.72	$1.05	$10.45	$12.55	9.49%
$11.00	Aug 7	$0.62	$0.44	$1.06	$9.94	$12.06	9.58%
$10.00	Jul 24	$1.11	$0.04	$1.15	$8.85	$11.15	10.40%
$10.50	Jul 31	$0.80	$0.35	$1.15	$9.35	$11.65	10.40%
$10.00	Jul 31	$1.16	$0.13	$1.29	$8.71	$11.29	11.66%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 101 found (cheapest 0.54% of stock, avg 6.65%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$12.50	$10.00	Jul 24	$0.02	$0.04	$0.06	$9.94	$12.56
$12.00	$10.00	Jul 24	$0.05	$0.04	$0.09	$9.91	$12.09
$13.00	$9.00	Jul 31	$0.06	$0.04	$0.10	$8.90	$13.10
$12.50	$10.50	Jul 24	$0.02	$0.12	$0.14	$10.36	$12.64
$12.50	$9.00	Jul 31	$0.10	$0.04	$0.14	$8.86	$12.64
$13.00	$9.50	Jul 31	$0.06	$0.08	$0.14	$9.36	$13.14
$12.00	$10.50	Jul 24	$0.05	$0.12	$0.17	$10.33	$12.17
$12.50	$9.50	Jul 31	$0.10	$0.08	$0.18	$9.32	$12.68
$11.50	$10.00	Jul 24	$0.15	$0.04	$0.19	$9.81	$11.69
$13.00	$10.00	Jul 31	$0.06	$0.13	$0.19	$9.81	$13.19

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 19 found (best R:R 3.55, avg credit $0.34)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
10/10	12/12	Aug 7	$0.39	$0.11	3.55	$10.11	$11.89
10/10	12/12	Aug 7	$0.38	$0.12	3.17	$9.62	$11.88
10/10	12/13	Aug 7	$0.38	$0.12	3.17	$10.12	$12.88
10/10	12/12	Jul 31	$0.37	$0.13	2.85	$10.13	$11.87
10/10	12/13	Aug 7	$0.37	$0.13	2.85	$9.63	$12.87
10/10	11/12	Aug 21	$0.37	$0.13	2.85	$9.63	$11.37
9/10	11/12	Aug 21	$0.33	$0.17	1.94	$9.17	$11.33
10/10	11/12	Aug 7	$0.32	$0.18	1.78	$10.18	$11.32
10/10	11/12	Aug 7	$0.31	$0.19	1.63	$9.69	$11.31
10/10	12/12	Aug 21	$0.31	$0.19	1.63	$9.69	$11.81

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 38 found (best R:R 9.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$10.50	$11.00	$11.50	Jul 31	$0.05	$0.45	9.00
$11.00	$11.50	$12.00	Jul 31	$0.06	$0.44	7.33
$11.00	$11.50	$12.00	Aug 21	$0.06	$0.44	7.33
$9.50	$10.00	$10.50	Aug 28	$0.06	$0.44	7.33
$11.00	$11.50	$12.00	Jul 24	$0.07	$0.43	6.14

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$9.50	$10.00	$10.50	Jul 24	$0.06	$0.44	7.33
$9.00	$9.50	$10.00	Aug 7	$0.08	$0.42	5.25
$10.00	$10.50	$11.00	Jul 24	$0.09	$0.41	4.56
$10.50	$11.00	$11.50	Jul 31	$0.09	$0.41	4.56
$9.50	$10.00	$10.50	Jul 31	$0.17	$0.33	1.94

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 33 found (best net $-0.18, 26 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$12.50	$13.00	1:2	Aug 28	-$0.09	$0.41
$11.00	$11.50	1:2	Jul 31	-$0.12	$0.38
$10.00	$10.50	1:2	Jul 24	-$0.19	$0.31
$12.00	$12.50	1:2	Aug 21	-$0.21	$0.29
$12.50	$13.00	1:2	Aug 21	-$0.21	$0.29

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$13.00	$11.50	1:2	Aug 28	-$0.18	$1.32
$12.00	$11.00	1:2	Aug 14	-$0.14	$0.86
$10.00	$9.00	1:2	Aug 28	-$0.38	$0.62
$11.50	$11.00	1:2	Aug 21	-$0.10	$0.40
$10.00	$9.50	1:2	Aug 21	-$0.12	$0.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 5.79%, avg 2.60%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$11.50	Aug 21	$0.64	0.45	4.0%	5.79%	9.76%	1.5K	2.6K
$12.00	Aug 21	$0.51	0.37	8.5%	4.61%	13.11%	2.3K	18.2K
$11.50	Aug 28	$0.49	0.44	4.0%	4.43%	8.41%	38	45
$12.00	Sep 4	$0.48	0.41	8.5%	4.34%	12.84%	1	--
$11.50	Jul 31	$0.28	0.39	4.0%	2.53%	6.51%	82	177
$13.00	Aug 21	$0.28	0.24	17.5%	2.53%	20.07%	146	9.2K
$12.50	Aug 21	$0.26	0.29	13.0%	2.35%	15.37%	20	2.1K
$12.00	Aug 14	$0.20	0.31	8.5%	1.81%	10.31%	17	358
$11.50	Aug 14	$0.19	0.47	4.0%	1.72%	5.70%	1	104
$11.50	Aug 7	$0.17	0.44	4.0%	1.54%	5.52%	5	272

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 43,494

Total Puts 5,609

Put/Call Ratio 0.13

Net Difference 37,885

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 174,234

Total Puts 70,585

Average Put/Call Ratio 0.39

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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