Cleveland-Cliffs (CLF) Options Chain

NYSE: CLFBasic MaterialsMetal MiningUSD

12.98+0.79 (+6.48%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 19, 2029
Days to expiration: 832
Share price: $12.98
Put/call ratio (OI): 0.99
Put/call ratio (volume): 2.86
ATM implied volatility: 64.9%
Expected move: ±$12.71
Open interest (C / P): 1.68K / 1.67K

CLF options summary

The CLF options chain for the January 19, 2029 expiration lists 11 call and 9 put contracts, with 832 days until expiration. Open interest stands at 1,679 calls and 1,670 puts, a put/call ratio of 0.99, which is fairly balanced between calls and puts. At-the-money implied volatility near the $12.00 strike is 64.9%, which implies the market expects a move of about ±$12.71 (97.9%) in Cleveland-Cliffs stock by expiration.

The most open interest sits at the $22.00 call (1.29K contracts) and the $20.00 put (1.00K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CLF options chain · January 19, 2029

CLF calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
1	1	103.7%	10.90	9.00	13.70	2.00	—	—	—	—	—	—
16	11	71.4%	9.80	9.50	10.95	3.00	0.00	2.50	0.26	130.9%	5	7
12	12	76.2%	9.10	9.00	10.15	4.00	0.18	0.66	0.42	67.8%	3	3
28	5	75.6%	8.50	8.35	9.50	5.00	0.45	0.95	0.76	67.0%	152	122
3	1	72.5%	6.87	6.75	7.70	8.00	1.47	1.78	1.94	59.7%	1	315
69	2	74.4%	6.50	6.35	6.65	10.00	2.30	2.73	2.50	57.3%	1	36
71	4	72.9%	5.75	5.55	5.90	12.00	3.45	3.90	4.00	56.8%	1	152
CLF $12.98
48	8	70.0%	4.07	4.05	5.30	15.00	5.25	5.65	6.15	53.3%	1	32
67	4	66.3%	4.25	3.50	4.35	17.00	6.45	7.00	6.92	50.5%	—	3
73	1	66.8%	2.95	3.00	3.75	20.00	8.60	9.55	9.25	56.0%	2	1,000
1,291	9	68.1%	3.20	3.00	3.30	22.00	—	—	—	—	—	—

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 January 19, 2029 expiration, the CLF put/call ratio based on open interest is 0.99 (1,670 puts vs 1,679 calls), and 2.86 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 January 19, 2029 is about 64.9%, 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.