---
title: "Trending | CLF Surges 8% on Monday, Some Call options Soar 339%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284309337.md"
description: "On April 27, Eastern Time, Cleveland Cliffs options saw a total of 123041 contracts traded, with calls accounting for 83% and puts making up 16%."
datetime: "2026-04-28T04:13:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284309337.md)
  - [en](https://longbridge.com/en/news/284309337.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284309337.md)
---

# Trending | CLF Surges 8% on Monday, Some Call options Soar 339%

On April 27, Eastern Time, Cleveland Cliffs options saw a total of 123041 contracts traded, with calls accounting for 83% and puts making up 16%.

Cleveland Cliffs has 625241 contracts outstanding, with calls accounting for 65% and puts making up 34%.

The top volume gainer was the 11 dollars Call option expiring on May 1, 2026, with 6895 contracts traded.

On the news front, Recent key news:

1\. April 28, CLF's stock surged due to increased demand in the steel industry, leading to a significant rise in call options by 339%. This reflects investor optimism about future performance and potential profitability.

2\. April 27, a major contract win for CLF with a leading automotive manufacturer boosted investor confidence, contributing to the stock's upward momentum.

3\. April 26, positive analyst upgrades from major financial institutions highlighted CLF's strong market position and growth prospects, further driving the stock price up.Steel industry demand boosts CLF.

Please note: The chart below does not include options expiring within five days.

![image](https://assets.lbctrl.com/h5hub/optrank/images/2026-04-28/ST_US_CLF_en.png)

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