On April 24, Eastern Time, Cleveland Cliffs options saw a total of 104672 contracts traded, with calls accounting for 70% and puts making up 29%.
Cleveland Cliffs has 672025 contracts outstanding, with calls accounting for 65% and puts making up 34%.
The top volume gainer was the 10 dollars Call option expiring on May 1, 2026, with 8083 contracts traded.
On the news front, Based on recent key news:

1. April 24, concerns over CLF's elevated leverage and execution risk on the pending POSCO transaction have led to cautious sentiment. Despite the surge, analysts maintain a Hold rating until sustained EBITDA growth is demonstrated. This cautious outlook may have influenced investor behavior.

2. April 23, significant call options activity was observed, with some options soaring 212%. This indicates strong speculative interest and potential bullish sentiment among traders, contributing to the stock's upward movement.

3. April 22, broader market trends in the steel industry have shown positive momentum, which likely supported CLF's price increase. The overall industry performance can impact individual stock movements, and CLF benefited from this trend.
Please note: The chart below does not include options expiring within five days.
<img src="https://assets.lbctrl.com/h5hub/optrank/images/2026-04-27/ST_US_CLF_en.png" alt="image" original-src="https://assets.lbctrl.com/h5hub/optrank/images/2026-04-27/ST_US_CLF_en.png"/>

On April 24, Eastern Time, Cleveland Cliffs options saw a total of 104672 contracts traded, with calls accounting for 70% and puts making up 29%.

Trending | CLF Surges 7% last Friday, Some Call options Soar 212%