Cleveland-Cliffs (CLF) Options Chain
NYSE: CLFBasic MaterialsMetal MiningUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Apr 16, 2027
- Days to expiration
- 187
- Share price
- $12.98
- Put/call ratio (OI)
- 1.20
- Put/call ratio (volume)
- 0.02
- Expected move
- ±$6.35
- Open interest (C / P)
- 3.71K / 4.45K
CLF options summary
The CLF options chain for the April 16, 2027 expiration lists 14 call and 10 put contracts, with 187 days until expiration. Open interest stands at 3,711 calls and 4,450 puts, a put/call ratio of 1.20, which is fairly balanced between calls and puts. At-the-money implied volatility near the $13.00 strike is 68.3%, which implies the market expects a move of about ±$6.35 (48.9%) in Cleveland-Cliffs stock by expiration.
The most open interest sits at the $15.00 call (2.06K contracts) and the $11.00 put (3.26K contracts).
Summary generated from market data by MetaCap's automated system. Methodology
CLF options chain · April 16, 2027
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 6.65 | 7.45 | 9.50 | 5.00 | 0.00 | 0.12 | 0.13 | |||||
| — | — | — | 6.00 | 0.00 | 0.21 | 0.17 | |||||
| — | — | — | 7.00 | 0.02 | 0.33 | 0.35 | |||||
| 4.39 | 4.85 | 5.85 | 8.00 | 0.23 | 0.61 | 0.40 | |||||
| 3.55 | 4.00 | 5.05 | 9.00 | 0.55 | 0.83 | 0.59 | |||||
| 4.00 | 3.95 | 4.40 | 10.00 | 0.82 | 1.06 | 0.87 | |||||
| 2.34 | 3.35 | 3.70 | 11.00 | 1.16 | 1.49 | 1.24 | |||||
| 2.35 | 2.85 | 3.20 | 12.00 | 1.59 | 1.82 | 2.45 | |||||
| 2.53 | 2.36 | 2.65 | 13.00 | — | — | — | |||||
| 2.11 | 2.00 | 2.15 | 14.00 | — | — | — | |||||
| 1.80 | 1.49 | 1.97 | 15.00 | 3.30 | 3.60 | 3.68 | |||||
| 1.00 | 1.20 | 1.69 | 16.00 | 4.00 | 4.30 | 4.25 | |||||
| 1.00 | 0.97 | 1.38 | 17.00 | — | — | — | |||||
| 1.04 | 0.98 | 1.27 | 18.00 | — | — | — | |||||
| 0.93 | 0.72 | 1.10 | 19.00 | — | — | — | |||||
| 0.60 | 0.70 | 0.78 | 20.00 | — | — | — | |||||
In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.
Frequently asked questions
What is the CLF put/call ratio?
For the April 16, 2027 expiration, the CLF put/call ratio based on open interest is 1.20 (4,450 puts vs 3,711 calls), and 0.02 based on today's volume. A ratio above 1 means more puts than calls.
What is CLF's implied volatility?
At-the-money implied volatility for CLF options expiring April 16, 2027 is about 68.3%, an annualized estimate of how much the market expects Cleveland-Cliffs stock to move.
How many CLF option expiration dates are there?
CLF has 15 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.
What does "in the money" mean?
A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.