CLF - Options Database

CLF

CLEVELAND-CLIFFS INC

$11.17 +18.15%

(7/23 09:55) ◀

Thursday, July 23, 2026 (10:00am)

▶ (7/23 14:05)

◀ 7/23 10:00 ▶

Option Volume

Detail

ℹ

Current (07/23 10:00am) 57,898

Calls: 50,784 (88%)

Puts: 7,114 (12%)

Prior --

Calls: 36,464 (68%)

Puts: 16,804 (32%)

Current vs Prior +0.00%

Calls: +39.27% (Calls)

Puts: -57.66% (Puts)

Prior 7-Day Total 338,491

Calls: 257,811 (76%)

Puts: 80,680 (24%)

Prior 7-Day Average 48,355

Calls: 36,830 (76%)

Puts: 11,525 (24%)

Current vs Prior 7-Day Avg +19.73%

Calls: +37.89%

Puts: -38.28%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/23 10:00am) $4.09M

Calls: $3.75M (92%)

Puts: $340.0K (8%)

Prior --

Calls: $1.71M (56%)

Puts: $1.33M (44%)

Current vs Prior +0.00%

Calls: +119.06%

Puts: -74.50%

Prior 7-Day Total $18.41M

Calls: $14.35M (78%)

Puts: $4.06M (22%)

Prior 7-Day Average $2.63M

Calls: $2.05M (78%)

Puts: $580.2K (22%)

Current vs Prior 7-Day Avg +55.53%

Calls: +82.96%

Puts: -41.40%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/23 10:00am) 0.14

Prior 1.00

Current vs Prior -85.99%

Prior 7-Day Average 0.33

Current vs Prior 7-Day Avg -57.76%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/23 10:00am) 755,394

Calls: 548,820 (73%)

Puts: 206,574 (27%)

Prior --

Calls: -- (--)

Puts: -- (--)

Current vs Prior +0.00%

Prior 7-Day Total 5,033,794

Calls: 3,581,805 (71%)

Puts: 1,451,989 (29%)

Prior 7-Day Average 719,113

Calls: 511,686 (71%)

Puts: 207,427 (29%)

Current vs Prior 7-Day Avg +5.05%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 9.31% | 11.55%17.01% | 21.13%

Prior 11.76% | 14.19%20.02% | 24.58%

Current vs Prior -20.82% | -18.64%-15.04% | -14.03%

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

Current vs 7-Day Avg +38.81% | -2.32%-15.04% | -14.03%

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

Current vs 7-Day Eod -20.82% | -18.64%-11.68% | -14.68%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 16.92% | 35.86%

Calls: 5.00% | 17.54%

Puts: 28.84% | 54.17%

Prior 12.66% | 14.38%

Calls: 13.46% | 18.75%

Puts: 11.86% | 10.00%

Current vs Prior +33.65% | +149.37%

Prior 7-Day Avg 26.74% | 9.77%

Calls: 32.19% | 11.40%

Puts: 21.29% | 8.13%

Current vs 7-Day Avg -36.72% | +267.17%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 92% of dollar volume in calls ($3.75M) vs puts ($340.0K). Dollar volume significantly above 7-day average (56% higher). Extreme bullish P/C ratio of 0.14 - heavy call buying (50,784 calls vs 7,114 puts). P/C ratio dropping 86% - 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
10:00	BULLISH	BULLISH	BULLISH
09:55	BULLISH	BULLISH	BULLISH
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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 11 of results (avg 6.3%, best 3.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$9.00	Aug 21	2.31	2.39	$2.35	3.4%	86	0.89	5.4K
$11.00	Jul 24	0.39	0.41	$0.40	5.0%	2.2K	0.57	8.1K
$11.00	Aug 21	0.91	0.96	$0.94	5.3%	2.8K	0.58	28.2K
$9.00	Jul 31	2.18	2.30	$2.24	5.4%	12	0.95	4.2K
$9.00	Jul 24	2.07	2.20	$2.13	6.1%	651	1.00	4.2K

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$12.00	Aug 21	1.29	1.37	$1.33	6.0%	20	0.61	2.0K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 14 found (avg $0.55, cheapest $0.18)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$11.50	Jul 24	0.17	0.19	$0.18	11.1%	2.8K	0.33	1.4K
$13.00	Aug 21	0.28	0.31	$0.30	10.0%	350	0.25	9.2K
$12.50	Aug 21	0.36	0.42	$0.39	15.4%	22	0.32	2.1K
$11.00	Jul 24	0.39	0.41	$0.40	5.0%	2.2K	0.57	8.1K
$12.00	Aug 21	0.52	0.56	$0.54	7.4%	2.3K	0.40	18.2K

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$9.50	Aug 21	0.21	0.24	$0.22	13.6%	41	0.18	60
$10.00	Aug 21	0.33	0.37	$0.35	11.4%	26	0.25	3.7K
$10.50	Aug 21	0.46	0.55	$0.51	17.6%	2	0.33	220
$11.50	Aug 21	0.88	1.04	$0.96	16.7%	--	0.52	73

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 47 found (avg delta 0.75, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$9.00	Jul 24	2.07	2.20	$2.13	6.1%	651	1.00	4.2K
$9.50	Jul 24	1.54	1.75	$1.65	12.7%	748	1.00	8.7K
$9.00	Jul 31	2.18	2.30	$2.24	5.4%	12	0.95	4.2K
$10.00	Jul 24	1.12	1.25	$1.19	10.9%	6.2K	0.93	24.2K
$9.50	Jul 31	1.56	1.80	$1.68	14.3%	1.0K	0.91	3.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$13.00	Jul 24	0.97	2.92	$1.94	100.5%	2	0.98	33
$12.50	Jul 24	1.23	1.69	$1.46	31.5%	2	0.93	30
$13.00	Jul 31	1.40	2.55	$1.98	58.1%	--	0.90	39
$12.50	Jul 31	0.95	2.10	$1.53	75.2%	--	0.84	49
$12.00	Jul 24	0.70	1.21	$0.96	53.1%	3	0.83	380

Most actively traded options today. High liquidity = easy entry/exit. 86 active (total vol 49.7K, top 16.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$12.00	Jul 24	0.06	0.08	$0.07	28.6%	16.4K	0.16	30.2K
$10.00	Jul 24	1.12	1.25	$1.19	10.9%	6.2K	0.93	24.2K
$10.00	Jul 31	1.28	1.45	$1.37	12.4%	3.2K	0.84	4.8K
$11.50	Jul 24	0.17	0.19	$0.18	11.1%	2.8K	0.33	1.4K
$11.00	Aug 21	0.91	0.96	$0.94	5.3%	2.8K	0.58	28.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$11.00	Jul 24	0.20	0.29	$0.25	36.0%	1.2K	0.43	340
$9.00	Jul 24	0.00	0.01	$0.01	100.0%	1.1K	0.01	4.6K
$9.50	Jul 24	0.00	0.02	$0.01	200.0%	658	0.02	4.2K
$10.50	Jul 24	0.08	0.12	$0.10	40.0%	634	0.21	643
$10.00	Jul 24	0.02	0.07	$0.05	100.0%	318	0.10	1.1K

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 88.0%, max 120.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$9.00	Jul 24	Aug 28	164.2%	74.4%	120.6%	651	4.2K
$10.50	Jul 24	Aug 28	124.1%	56.5%	119.4%	316	2.8K
$12.50	Jul 24	Aug 28	132.0%	66.5%	98.5%	316	266
$10.00	Jul 24	Aug 28	143.0%	74.1%	92.9%	6.2K	24.3K
$11.50	Jul 24	Sep 4	127.0%	69.5%	82.9%	2.8K	1.4K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$9.00	Jul 24	Aug 28	163.9%	74.4%	120.2%	1.1K	4.7K
$10.50	Jul 24	Aug 28	124.1%	56.5%	119.4%	645	650
$12.50	Jul 24	Aug 21	132.0%	66.8%	97.6%	2	55
$10.00	Jul 24	Aug 28	143.0%	74.1%	92.9%	318	1.1K
$12.00	Jul 24	Aug 21	129.4%	67.3%	92.2%	23	2.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 37 found (best R:R 4.00, avg 1.71)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$11.50	$12.00	Jul 24	$0.11	$0.39	$0.11	3.55	$11.61
$12.00	$12.50	Jul 31	$0.11	$0.39	$0.11	3.55	$12.11
$12.50	$13.00	Aug 7	$0.11	$0.39	$0.11	3.55	$12.61
$12.00	$12.50	Aug 14	$0.11	$0.39	$0.11	3.55	$12.11
$11.50	$12.00	Jul 31	$0.13	$0.37	$0.13	2.85	$11.63

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$9.50	$9.00	Aug 14	$0.10	$0.40	$0.10	4.00	$9.40
$10.50	$10.00	Jul 31	$0.13	$0.37	$0.13	2.85	$10.37
$10.00	$9.50	Aug 21	$0.13	$0.37	$0.13	2.85	$9.87
$11.00	$10.50	Jul 24	$0.15	$0.35	$0.15	2.33	$10.85
$9.50	$9.00	Aug 28	$0.15	$0.35	$0.15	2.33	$9.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 49 found (best R:R 4.00, avg 1.32)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$10.50	$11.00	Aug 14	$0.40	$0.40	$0.10	4.00	$10.90
$10.00	$10.50	Aug 7	$0.39	$0.39	$0.11	3.55	$10.39
$9.50	$10.00	Aug 7	$0.38	$0.38	$0.12	3.17	$9.88
$11.00	$11.50	Aug 7	$0.35	$0.35	$0.15	2.33	$11.35
$10.00	$10.50	Aug 28	$0.34	$0.34	$0.16	2.13	$10.34

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$11.50	$11.00	Jul 24	$0.39	$0.39	$0.11	3.55	$11.11
$10.00	$9.50	Aug 14	$0.38	$0.38	$0.12	3.17	$9.62
$12.00	$11.50	Aug 21	$0.37	$0.37	$0.13	2.85	$11.63
$12.00	$11.00	Aug 14	$0.73	$0.73	$0.27	2.70	$11.27
$11.50	$11.00	Aug 7	$0.34	$0.34	$0.16	2.13	$11.16

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $0.14, cheapest $0.06)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$12.50	Jul 24	Jul 31	$0.07	132.0%	74.8%
$9.00	Jul 24	Jul 31	$0.11	164.2%	90.1%
$12.00	Jul 24	Jul 31	$0.14	129.4%	73.1%
$10.50	Jul 24	Jul 31	$0.15	124.1%	79.0%
$11.50	Jul 24	Jul 31	$0.16	127.0%	74.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$9.50	Jul 24	Jul 31	$0.06	126.4%	83.1%
$12.50	Jul 24	Jul 31	$0.07	132.0%	74.8%
$10.00	Jul 24	Jul 31	$0.08	143.0%	77.9%
$11.50	Jul 24	Jul 31	$0.08	127.0%	74.9%
$10.50	Jul 24	Jul 31	$0.16	124.1%	79.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 46 found (cheapest 5.82% of stock, avg 15.69%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$11.00	Jul 24	$0.40	$0.25	$0.65	$10.35	$11.65	5.82%
$11.50	Jul 24	$0.18	$0.64	$0.82	$10.68	$12.32	7.34%
$10.50	Jul 24	$0.74	$0.10	$0.84	$9.66	$11.34	7.52%
$12.00	Jul 24	$0.07	$0.96	$1.03	$10.97	$13.03	9.22%
$11.00	Jul 31	$0.57	$0.46	$1.03	$9.97	$12.03	9.22%
$11.50	Jul 31	$0.34	$0.72	$1.06	$10.44	$12.56	9.49%
$10.50	Jul 31	$0.89	$0.26	$1.15	$9.35	$11.65	10.30%
$11.50	Aug 7	$0.37	$0.81	$1.18	$10.32	$12.68	10.56%
$11.00	Aug 7	$0.72	$0.47	$1.19	$9.81	$12.19	10.65%
$10.00	Jul 24	$1.19	$0.05	$1.24	$8.76	$11.24	11.10%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 105 found (cheapest 0.72% of stock, avg 5.72%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$12.50	$10.00	Jul 24	$0.03	$0.05	$0.08	$9.92	$12.58
$13.00	$9.00	Jul 31	$0.06	$0.04	$0.10	$8.90	$13.10
$12.00	$10.00	Jul 24	$0.07	$0.05	$0.12	$9.88	$12.12
$12.50	$10.50	Jul 24	$0.03	$0.10	$0.13	$10.37	$12.63
$13.00	$9.50	Jul 31	$0.06	$0.07	$0.13	$9.37	$13.13
$12.50	$9.00	Jul 31	$0.10	$0.04	$0.14	$8.86	$12.64
$12.00	$10.50	Jul 24	$0.07	$0.10	$0.17	$10.33	$12.17
$12.50	$9.50	Jul 31	$0.10	$0.07	$0.17	$9.33	$12.67
$13.00	$10.00	Jul 31	$0.06	$0.13	$0.19	$9.81	$13.19
$13.00	$9.00	Aug 7	$0.09	$0.10	$0.19	$8.81	$13.19

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 23 found (best R:R 3.55, avg credit $0.32)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
10/10	10/11	Aug 21	$0.39	$0.11	3.55	$9.61	$10.89
10/10	11/12	Aug 21	$0.39	$0.11	3.55	$10.11	$11.39
11/12	12/12	Jul 31	$0.37	$0.13	2.85	$11.13	$12.37
10/11	12/13	Aug 14	$0.37	$0.13	2.85	$10.63	$12.87
10/10	11/12	Jul 31	$0.36	$0.14	2.57	$10.14	$11.36
10/10	11/12	Aug 21	$0.36	$0.14	2.57	$9.64	$11.36
10/11	12/12	Aug 21	$0.36	$0.14	2.57	$10.64	$11.86
12/12	12/13	Aug 7	$0.35	$0.15	2.33	$11.65	$12.85
10/11	12/12	Aug 21	$0.34	$0.16	2.12	$10.66	$12.34
10/11	12/12	Jul 31	$0.33	$0.17	1.94	$10.67	$11.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 40 found (best R:R 7.33, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$11.00	$11.50	$12.00	Aug 21	$0.06	$0.44	7.33
$12.00	$12.50	$13.00	Aug 21	$0.06	$0.44	7.33
$11.50	$12.00	$12.50	Jul 24	$0.07	$0.43	6.14
$12.00	$12.50	$13.00	Jul 31	$0.07	$0.43	6.14
$10.50	$11.00	$11.50	Jul 31	$0.09	$0.41	4.56

PUTS (5)

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

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 $-0.41, 38 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$10.50	$11.00	1:2	Jul 24	-$0.06	$0.44
$11.50	$12.00	1:2	Jul 31	-$0.08	$0.42
$11.50	$12.00	1:2	Aug 28	-$0.10	$0.40
$11.00	$11.50	1:2	Jul 31	-$0.11	$0.39
$12.00	$12.50	1:2	Aug 7	-$0.11	$0.39

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$13.00	$11.50	1:2	Aug 28	-$0.41	$1.09
$11.00	$10.50	1:2	Jul 31	-$0.06	$0.44
$9.50	$9.00	1:2	Aug 21	-$0.08	$0.42
$10.00	$9.50	1:2	Aug 21	-$0.09	$0.41
$11.50	$11.00	1:2	Aug 7	-$0.13	$0.37

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 18 found (best yield 5.91%, avg 2.60%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$11.50	Aug 21	$0.66	0.48	3.0%	5.91%	8.86%	1.5K	2.6K
$11.50	Sep 4	$0.54	0.46	3.0%	4.83%	7.79%	20	--
$12.00	Aug 21	$0.52	0.40	7.4%	4.66%	12.09%	2.3K	18.2K
$11.50	Aug 28	$0.50	0.42	3.0%	4.48%	7.43%	38	45
$12.00	Sep 4	$0.48	0.41	7.4%	4.30%	11.73%	1	--
$12.50	Aug 21	$0.36	0.32	11.9%	3.22%	15.13%	22	2.1K
$11.50	Jul 31	$0.30	0.40	3.0%	2.69%	5.64%	118	177
$13.00	Aug 21	$0.28	0.25	16.4%	2.51%	18.89%	350	9.2K
$12.00	Aug 7	$0.23	0.33	7.4%	2.06%	9.49%	42	93
$12.00	Aug 14	$0.22	0.35	7.4%	1.97%	9.40%	38	358

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 50,784

Total Puts 7,114

Put/Call Ratio 0.14

Net Difference 43,670

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 257,811

Total Puts 80,680

Average Put/Call Ratio 0.33

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

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📈 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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