Cleveland-Cliffs Inc. (CLF) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
Cleveland-Cliffs Inc. (CLF) operates in the Basic Materials sector, specifically the Steel industry, with a market capitalization near $6.27B, listed on NYSE, employing roughly 30,000 people, carrying a beta of 2.01 to the broader market. Cleveland-Cliffs Inc. Led by C. Lourenco Goncalves, public since 1987-11-05.
Snapshot as of May 15, 2026.
- Spot Price
- $10.27
- Total OI
- 704.5K
- Total Volume
- 32.4K
- Front Expiration
- 28 days
- Second Expiration
- 34 days
- ATM IV
- 63.5%
- Avg Bid/Ask Spread
- 16.18%
As of May 15, 2026, Cleveland-Cliffs Inc. (CLF) has 704.5K open contracts and 32.4K contracts traded. The nearest expiration is 28 days out, followed by 34 days. ATM implied volatility is 63.5%. Average bid/ask spread across the chain is 16.18%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How CLF options chain Data Feeds Strategy Selection
Strategy selection on Cleveland-Cliffs Inc. options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 63.5% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain 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.
Learn how the options chain is reported and how to read the data →
CLF most-active contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $10.00 | Jun 18, 2026 | 4.5K | 18.5K | 64.2% | $0.94 | $0.99 |
| CALL | $11.00 | May 22, 2026 | 1.8K | 2.1K | 60.1% | $0.11 | $0.12 |
| CALL | $11.00 | Jun 18, 2026 | 1.4K | 15.7K | 63.2% | $0.51 | $0.54 |
Top 3 contracts from the ORATS-sourced nightly scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.
Frequently asked CLF options chain questions
- What does the CLF options chain show right now?
- As of May 15, 2026, Cleveland-Cliffs Inc. (CLF) has 704.5K contracts outstanding and 32.4K traded today, with ATM IV of 63.5%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for CLF options?
- The nearest expiration is 28 days out, followed by 34 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are CLF options bid/ask spreads?
- Average bid/ask spread across the chain is 16.18%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.