Whales with a lot of money to spend have taken a noticeably bearish stance on Cleveland-Cliffs.
Looking at options history for Cleveland-Cliffs CLF we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $376,436 and 3, calls, for a total amount of $89,103.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $20.0 for Cleveland-Cliffs during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Cleveland-Cliffs's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cleveland-Cliffs's whale activity within a strike price range from $15.0 to $20.0 in the last 30 days.
Cleveland-Cliffs Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLF | PUT | SWEEP | BULLISH | 08/16/24 | $1.14 | $1.13 | $1.13 | $16.00 | $104.1K | 1.9K | 23 |
| CLF | PUT | SWEEP | BEARISH | 10/18/24 | $3.8 | $3.65 | $3.75 | $19.00 | $93.7K | 478 | 1 |
| CLF | PUT | TRADE | BEARISH | 06/20/25 | $5.05 | $4.9 | $5.0 | $20.00 | $52.0K | 2.3K | 193 |
| CLF | PUT | TRADE | BEARISH | 06/20/25 | $5.05 | $4.9 | $5.0 | $20.00 | $52.0K | 2.3K | 89 |
| CLF | PUT | TRADE | BEARISH | 06/20/25 | $5.05 | $4.9 | $5.0 | $20.00 | $42.0K | 2.3K | 297 |
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.
Following our analysis of the options activities associated with Cleveland-Cliffs, we pivot to a closer look at the company's own performance.
Present Market Standing of Cleveland-Cliffs
- Trading volume stands at 5,854,303, with CLF's price up by 3.27%, positioned at $15.49.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 24 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cleveland-Cliffs with Benzinga Pro for real-time alerts.
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