A Closer Look at Cleveland-Cliffs's Options Market Dynamics

Benzinga's options scanner just detected over 8 options trades for Cleveland-Cliffs CLF summing a total amount of $286,255.

At the same time, our algo caught 3 for a total amount of 135,512.

Latest Startup Investment Opportunities:

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $13.0 to $25.0 for Cleveland-Cliffs during the past quarter.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Cleveland-Cliffs stands at 2245.43, with a total volume reaching 2,005.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cleveland-Cliffs, situated within the strike price corridor from $13.0 to $25.0, throughout the last 30 days.

Cleveland-Cliffs Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CLF CALL SWEEP NEUTRAL 05/17/24 $1.26 $1.23 $1.26 $22.00 $135.8K 3.7K 632
CLF PUT SWEEP BULLISH 12/19/25 $3.95 $3.85 $3.85 $22.00 $61.2K 463 0
CLF CALL SWEEP BULLISH 05/03/24 $1.46 $1.44 $1.45 $21.50 $60.9K 3.4K 133
CLF PUT TRADE BULLISH 01/17/25 $4.55 $4.45 $4.49 $25.00 $44.9K 3.1K 100
CLF CALL SWEEP BULLISH 05/17/24 $0.9 $0.88 $0.89 $23.00 $31.2K 2.9K 161

About Cleveland-Cliffs

Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.

In light of the recent options history for Cleveland-Cliffs, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Cleveland-Cliffs Standing Right Now?

  • Trading volume stands at 3,305,947, with CLF's price down by -1.6%, positioned at $21.79.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 10 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cleveland-Cliffs options trades with real-time alerts from Benzinga Pro.

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CLFCleveland-Cliffs Inc
$7.465.14%

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Momentum
9.49
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13.45
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78.36
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