Cleveland Cliffs Stock Options Expiring on 15th of August

CLF Stock  USD 10.91  0.36  3.19%   
Cleveland Cliffs' latest option contracts expiring on August 15th 2025 are carrying combined implied volatility of 1.21 with a put-to-call open interest ratio of 0.33 over 55 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on August 15th 2025. The total put volume is at 1.1 K, with calls trading at the volume of 2.5 K. This yields a 0.43 put-to-call volume ratio.

Open Interest Against August 15th 2025 Option Contracts

The chart above shows Cleveland Cliffs' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Cleveland Cliffs' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Cleveland Cliffs' option, there is no secondary market available for investors to trade.

Cleveland Cliffs Maximum Pain Price Across 2025-08-15 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Cleveland Cliffs close to expiration to expire worthless. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, Cleveland Cliffs' option sellers may reap the most after selling more options than buying, causing them to expire worthless.

Cleveland Cliffs In The Money Call Balance

When Cleveland Cliffs' strike price is surpassing the current stock price, the option contract against Cleveland Cliffs stock is said to be in the money. When it comes to buying Cleveland Cliffs' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Cleveland Cliffs are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Cleveland Current Options Market Mood

Cleveland Cliffs' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Cleveland Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Unfortunately, most Cleveland Cliffs' options investors are not very successful. Cleveland Cliffs' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current Cleveland contract

Base on the Rule 16, the options market is currently suggesting that Cleveland Cliffs will have an average daily up or down price movement of about 0.0756% per day over the life of the 2025-08-15 option contract. With Cleveland Cliffs trading at USD 10.91, that is roughly USD 0.008251. If you think that the market is fully incorporating Cleveland Cliffs' daily price movement you should consider buying Cleveland Cliffs options at the current volatility level of 1.21%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Cleveland Cliffs Option Chain

When Cleveland Cliffs' strike price is surpassing the current stock price, the option contract against Cleveland Cliffs stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Cleveland Cliffs' option chain is a display of a range of information that helps investors for ways to trade options on Cleveland. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cleveland. It also shows strike prices and maturity days for a Cleveland Cliffs against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
Call
CLF250815C00020000020.00.0 - 0.450.45Out
Call
CLF250815C00019000019.00.0 - 0.450.45Out
Call
CLF250815C000180002818.00.0 - 0.560.39Out
Call
CLF250815C000170001417.00.01 - 0.020.01Out
Call
CLF250815C00016000016.00.01 - 0.270.01Out
Call
CLF250815C0001500042415.00.01 - 0.070.03Out
Call
CLF250815C000145002614.50.03 - 0.070.09Out
Call
CLF250815C00014000114014.00.06 - 0.10.08Out
Call
CLF250815C0001350012313.50.11 - 0.140.11Out
Call
CLF250815C00013000159713.00.17 - 0.20.17Out
Call
CLF250815C0001250029412.50.26 - 0.290.24Out
Call
CLF250815C00012000665612.00.4 - 0.420.35Out
Call
CLF250815C0001150041811.50.58 - 0.610.56Out
Call
CLF250815C000110001304911.00.82 - 0.850.8In
Call
CLF250815C0001050031210.51.05 - 1.161.1In
Call
CLF250815C000100001633410.01.48 - 1.521.5In
Call
CLF250815C000095003139.51.79 - 1.952.13In
Call
CLF250815C0000900051599.02.29 - 2.392.34In
Call
CLF250815C0000850078.52.76 - 2.932.84In
Call
CLF250815C0000800023578.03.3 - 3.353.17In
Call
CLF250815C0000750037.53.75 - 3.853.69In
Call
CLF250815C000070007677.04.25 - 4.354.2In
Call
CLF250815C000060001416.05.25 - 5.355.45In
Call
CLF250815C00005000145.06.25 - 6.356.17In
Call
CLF250815C0000400034.07.25 - 7.656.75In
Call
CLF250815C0000350013.57.75 - 7.857.35In
Call
CLF250815C0000200082.08.4 - 9.38.25In
Call
CLF250815C0000100011.08.95 - 12.28.67In
 Put
CLF250815P00020000020.08.25 - 8.88.25In
 Put
CLF250815P00019000019.07.7 - 7.87.7In
 Put
CLF250815P00018000018.06.25 - 6.86.25In
 Put
CLF250815P00017000017.05.7 - 5.85.5In
 Put
CLF250815P00016000016.04.7 - 4.84.7In
 Put
CLF250815P00015000115.03.7 - 3.84.5In
 Put
CLF250815P00014500014.53.15 - 3.33.15In
 Put
CLF250815P000140005914.02.67 - 2.842.76In
 Put
CLF250815P00013500013.52.22 - 2.42.22In
 Put
CLF250815P000130008013.01.77 - 2.222.0In
 Put
CLF250815P0001250061012.51.46 - 1.51.58In
 Put
CLF250815P0001200033912.01.1 - 1.131.24In
 Put
CLF250815P0001150027811.50.78 - 0.810.89In
 Put
CLF250815P0001100081211.00.52 - 0.550.61Out
 Put
CLF250815P00010500230110.50.33 - 0.360.37Out
 Put
CLF250815P00010000296810.00.2 - 0.210.21Out
 Put
CLF250815P0000950016259.50.1 - 0.130.13Out
 Put
CLF250815P0000900023729.00.07 - 0.080.08Out
 Put
CLF250815P00008500508.50.0 - 0.230.08Out
 Put
CLF250815P0000800031838.00.03 - 0.070.03Out
 Put
CLF250815P0000750077.50.0 - 0.030.04Out
 Put
CLF250815P0000700010497.00.02 - 0.170.04Out
 Put
CLF250815P0000650016.50.0 - 0.450.03Out
 Put
CLF250815P000060005646.00.0 - 0.030.02Out
 Put
CLF250815P000050001495.00.0 - 0.050.01Out
 Put
CLF250815P00003000223.00.0 - 0.110.01Out
 Put
CLF250815P0000100041.00.0 - 0.010.01Out

Cleveland Total Stockholder Equity

Total Stockholder Equity

7 Billion

At this time, Cleveland Cliffs' Total Stockholder Equity is most likely to increase significantly in the upcoming years.

Cleveland Cliffs Corporate Directors

Eric RychelIndependent DirectorProfile
Susan GreenIndependent DirectorProfile
William GerberIndependent DirectorProfile
John BaldwinIndependent DirectorProfile
When determining whether Cleveland Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.99)
Earnings Share
(3.41)
Revenue Per Share
38.595
Quarterly Revenue Growth
(0.03)
Return On Assets
(0.05)
The market value of Cleveland Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.