This Is What Whales Are Betting On Cleveland-Cliffs

A whale with a lot of money to spend has taken a noticeably bullish stance on Cleveland-Cliffs.

Looking at options history for Cleveland-Cliffs CLF we detected 24 strange trades.

If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 25% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $257,685 and 18, calls, for a total amount of $2,269,981.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $33.0 for Cleveland-Cliffs over the last 3 months.

Volume & Open Interest Development

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 $10.0 to $33.0 in the last 30 days.

Cleveland-Cliffs Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CLF CALL TRADE BULLISH 01/20/23 $10.00 $344.0K 5.0K 650
CLF CALL TRADE BULLISH 01/20/23 $12.00 $312.0K 5.7K 1.5K
CLF CALL SWEEP BEARISH 01/20/23 $10.00 $306.0K 5.0K 650
CLF CALL TRADE BULLISH 07/15/22 $13.00 $285.0K 1.9K 200
CLF CALL SWEEP BEARISH 01/20/23 $10.00 $255.0K 5.0K 650

Where Is Cleveland-Cliffs Standing Right Now?

  • With a volume of 10,155,900, the price of CLF is down -2.45% at $27.06.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 86 days.

What The Experts Say On Cleveland-Cliffs:

  • B. Riley Securities has decided to maintain their Buy rating on Cleveland-Cliffs, which currently sits at a price target of $47.
  • B. Riley Securities has decided to maintain their Buy rating on Cleveland-Cliffs, which currently sits at a price target of $46.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!