ApexVol
Materials Industrial Live Data Updated 2026-03-01

CLF Options

Cleveland-Cliffs Inc. Options Chain, Implied Volatility & Greeks

Comprehensive options market data for Cleveland-Cliffs Inc. (CLF). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.

CLF Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 30% - 65%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
30% - 65%
Market Cap
$6B+
Weeklies
Yes

1 About Cleveland-Cliffs Inc. (CLF)

Cleveland-Cliffs is the largest flat-rolled steel producer in North America, vertically integrated from iron ore mining through steelmaking and finishing.

Company Profile

Sector Materials
Industry Steel
Market Cap $6B+
Exchange NYSE

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

Cleveland-Cliffs Inc. operates in the Materials sector.

2 CLF Options Market Overview

CLF options provide good liquidity for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Good

CLF options are available for trading across multiple expirations.

3 CLF Volatility Profile

CLF implied volatility is moderate, reflecting economic cycle exposure and industrial spending trends. IV is driven by earnings and macroeconomic data.

Low IV Environment
30% - 38%
Below average volatility
Typical IV Range
38% - 56%
Normal conditions
Elevated IV
56% - 65%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

Historical Volatility vs IV

CLF IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View CLF Volatility Lab

CLF Gamma Exposure (GEX)

Gamma Exposure analysis for CLF reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: CLF tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live CLF GEX

4 Common CLF Options Strategies

These are strategies commonly used by traders on CLF options, based on typical market characteristics. This is not investment advice.

Popular for CLF shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on CLF.

Range-bound strategy for CLF between events.

Key Considerations for CLF Options

  • CLF options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

Frequently Asked Questions: CLF Options

What is CLF's typical implied volatility?

CLF implied volatility typically ranges from 30% - 65%.

Does CLF have weekly options?

CLF offers weekly options.

Explore CLF Options Data

Access institutional-grade analytics including gamma exposure, implied volatility, and real-time options flow.