CLEVELAND-CLIFFS INC. (CLF) Options Volume

82,152 CLEVELAND-CLIFFS INC. (CLF) option contracts changed hands in the latest session, at a put/call volume ratio of 0.61. This page tracks how actively CLF options trade — contracts and dollars — and flags individual contracts running far above their own 30-day average volume.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$12.96
52-week range
$7.81 – $16.14
ATM IV (30d)
63.4%
IV rank
15 / 100
Low
Expected move
±$1.14 (±8.8%)
Put/call OI
0.55
Call-heavy
Max pain
$11.5
↓ 11.2% below close
Next earnings
Oct 25, 2026

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Options Volume & Premium Flow

Total options volume82,152
Call volume50,934
Put volume31,218
Put/call volume ratio0.61
Listed contracts816
Call premium traded$5.71M
Put premium traded$1.68M
Premium put/call ratio0.29
Open interest rank (31 day)100 / 100
Skew rank (31 day)29 / 100

CLF Options Volume Trend

064.1K128.1K192.2K256.2KFeb '26Jun '26Oct '26

CLF total options volume per session, past year.

0.000.561.121.682.24Feb '26Jun '26Oct '26

CLF put/call volume ratio, past year.

CLF Unusual Options Activity

Contracts trading at least 3× their own 30-day average volume (minimum 500 contracts):

ContractExpirationLastIV Open interestVolumevs 30d avg
CLF $13 call Dec 18, 2026 $1.56 67.2% 51,505 7,808 7.3× avg
CLF $13 call Jan 15, 2027 $1.80 65.6% 3,405 7,125 56.2× avg
CLF $13.5 put Oct 16, 2026 $0.76 63.1% 8,700 7,035 4.2× avg
CLF $12 put Oct 16, 2026 $0.11 63.5% 4,668 2,719 7.1× avg
CLF $14 put Oct 16, 2026 $1.18 63.7% 1,202 2,636 4.0× avg
CLF $14 call Oct 16, 2026 $0.11 65.4% 8,660 2,533 3.8× avg
CLF $15 call Apr 16, 2027 $1.80 63.4% 2,061 2,035 20.7× avg

With a put/call volume ratio of 0.61, today's trading is tilted toward calls. Measured in dollars rather than contracts, $5.71M of call premium and $1.68M of put premium changed hands — the larger premium flow is on the call side. 7 contracts are trading at least three times their own 30-day average volume — activity worth a closer look.

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CLF Options FAQ

How many CLF options traded today?

82,152 CLF option contracts traded as of Oct 9, 2026 — 50,934 calls and 31,218 puts.

Is there unusual options activity in CLF today?

Yes — 7 contracts are trading at least three times their 30-day average volume as of Oct 9, 2026. OptiView flags a contract as unusual when today's volume runs at 3× its own average with at least 500 contracts traded.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.