Cleveland-Cliffs Inc. (CLF) Open Interest History

Open interest tracks the total number of outstanding options contracts. Rising OI alongside price moves can indicate growing commitment to the trend; declining OI suggests positions are being closed.

Cleveland-Cliffs Inc. (CLF) operates in the Basic Materials sector, specifically the Steel industry, with a market capitalization near $5.68B, listed on NYSE, employing roughly 30,000 people, carrying a beta of 2.09 to the broader market. Cleveland-Cliffs Inc. Led by C. Lourenco Goncalves, public since 1987-11-05.

Snapshot as of Jun 30, 2026.

Spot Price

$9.32

Call OI

495.8K

Put OI

178.3K

Total OI

674.1K

Put/Call Ratio

0.36

As of Jun 30, 2026, Cleveland-Cliffs Inc. (CLF) has 674.1K total contracts outstanding across all expirations. Put/call OI ratio is 0.36 (call-heavy positioning). Open interest reflects accumulated positions from prior sessions; persistent growth indicates sustained directional or hedging interest, while sharp drops typically mean post-expiration clean-up.

How CLF open interest history Data Feeds Strategy Selection

Strategy selection on Cleveland-Cliffs Inc. options does not derive from any single metric in isolation. The open interest history view above sits inside a broader read: ATM IV currently sits at 79.6% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the open interest history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the CLF open-interest data

The open-interest time-series above tracks the total Cleveland-Cliffs Inc. options inventory outstanding day by day. OI is a stock measure - the cumulative position count - so trends flag accumulating or distributing positioning. Current put/call ratio is 0.36, call-heavy - speculative or bullish positioning dominates. Total call OI of 495.8K versus put OI of 178.3K gives a put/call OI ratio of 0.36 - structurally a slower-moving signal than the volume-based ratio.

CLF flow vs positioning

Volume tells you what flows happened today; OI tells you what positions accumulated. Both can move in opposite directions: rising volume with falling OI means contracts are being closed (covering); rising volume with rising OI means new positions are being opened. The combination matters more than either alone for reading sentiment. Combined with the current positive dealer-gamma regime, large OI clusters tend to act as price magnets through expiration cycles.

Using CLF OI/volume data alongside other surfaces

Per-strike OI is the input to dealer-gamma calculations: strikes with elevated call OI generate gamma walls that dealers must hedge into as spot approaches them. The gamma-exposure page combines this distribution with the dealers' assumed-long-gamma assumption to project hedge flow. Volume cross-checks recent positioning shifts in the chain that haven't yet shown up in cumulative OI. Pair both with the term-structure view on the volatility page to determine whether the activity is concentrated in near-dated event hedging or longer-dated structural positioning. Front-month expiration for CLF sits at 31 days, so near-dated volume currently dominates the flow reading.

Learn how open interest is reported and how to read the data →

Daily open-interest history for CLF options over the last ~36 trading days. Each row reflects the end-of-day total OI summed across all listed strikes and expirations.

Most recent 15 trading days (descending). Older history appears in the chart above.

CLF highest open-interest contracts

Top 6 contracts from the institutional-grade nightly options scan; ranked by oi within the broader S&P 500/400/600 + ETF universe.

Frequently asked CLF open interest history questions

What is the current CLF options open interest?

As of Jun 30, 2026, Cleveland-Cliffs Inc. (CLF) has 674.1K total contracts outstanding across all listed expirations, split as 495.8K calls and 178.3K puts. Open interest reflects accumulated positions from prior trading sessions; it does not include today's volume until end-of-day reconciliation.

What is the CLF put/call open interest ratio?

Put/call OI ratio of 0.36 is call-heavy, often a directional bullish or upside-speculation signal.

What does CLF open interest tell traders?

Persistent OI growth indicates sustained directional or hedging interest; sharp drops typically mean post-expiration position cleanup. Heavy OI concentrations at specific strikes act as support and resistance levels because dealer hedging amplifies near those strikes - the gamma profile of the dealer book is concentrated there. Comparing today's volume to standing OI separates opening flow from closing flow.