What is CLF's IV rank?

At the last close, CLF's IV rank was 29 with 30-day implied volatility of 60.7%. IV sits 29% of the way from its one-year low to its one-year high. Its IV percentile was 21: IV is higher than 21% of the past year's readings.

What is the expected move for CLF?

Based on the last close, options expiring Dec 11, 2026 priced a one standard deviation move of $2.15 (17.0%), a range of $10.50 to $14.80. Roughly two times in three, the stock would finish inside that range if the options are priced fairly.

Which option screens have trades on CLF?

At the last close, these OptionClaws preset screens had passing trades on CLF: Bull Call Spreads on High-Beta Names (64), Long Call Butterflies for Pinning (30), Married Put Protection (4). Open a screen in the app to see the individual trades, refreshed intraday.

Is CLF option volume above average?

At the last close, CLF option volume was 0.4x its average, much quieter than usual.

CLF options: IV rank, expected move and trade screens

Cleveland-Cliffs Inc. · Materials

In the app, stock prices are live and options data is refreshed intraday.

CLF last closed at $12.65 with 30-day implied volatility of 60.7%. That is in the lower half of its one-year range (IV rank 29), so premiums are on the modest side for CLF. Measured by IV percentile, IV is higher than 21% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $2.15, or 17.0%.

The price is above both its 50-day (+0.2%) and 200-day (+11.7%) moving averages. It is 16.2% below its 52-week high and 61.8% above its 52-week low. The 14-day RSI of 48.0 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $0.85, about 6.7% of the price, a measure of a typical day's range.

Option volume at the close (26.6K contracts) was 0.4x its average, much quieter than usual. A beta of 1.94 means CLF has tended to move about 1.9 times as much as the broad market. 3 of our preset screens found trades on CLF at the close, led by Bull Call Spreads on High-Beta Names with 64 trades.

CLF stats at the close

Price: $12.65; Market cap $7.22B
Implied volatility: 60.7%; 30-day, at the money
IV rank: 29; IV sits 29% of the way from its one-year low to its one-year high.
IV percentile: 21; IV is higher than 21% of the past year's readings.
ATR (14-day): $0.85; 6.7% of the price on a typical day
RSI (14-day): 48.0; Between 30 and 70, neutral
52-week range: -16.2% from high; +61.8% from the 52-week low
Moving averages: +0.2% vs 50-day; +11.7% vs the 200-day
Beta: 1.94; Sensitivity to the broad market
Option volume: 0.4x avg; 26.6K contracts vs 60.9K average

CLF expected move by expiration

Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.

Expiration	IV	Expected move	1 SD range	Straddle
Nov 20, 20267 days	64.5%	±$1.13 (8.9%)	$11.52 to $13.78	$0.90
Dec 11, 202628 days	61.3%	±$2.15 (17.0%)	$10.50 to $14.80	$1.71
Jan 15, 202763 days	59.4%	±$3.12 (24.7%)	$9.53 to $15.77	$2.51

Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.

Trades that pass our screens as of the close

Counts and ranges for CLF from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.

Bull Call Spreads on High-Beta Names

Bull Call Spread

64 trades pass on CLF

Return on risk: 105.1% to 669.2%
Probability of profit: 27.0% to 56.3%

Bull call spread screener

Long Call Butterflies for Pinning

Call Butterfly

30 trades pass on CLF

Return on risk: 83.5% to 1,000%+
Probability of profit: 12.0% to 75.1%

Butterfly spread screener

Married Put Protection

Married Put

4 trades pass on CLF

Probability of profit: 37.5% to 42.1%

Married put screener

CLF options FAQ

What is CLF's IV rank?: At the last close, CLF's IV rank was 29 with 30-day implied volatility of 60.7%. IV sits 29% of the way from its one-year low to its one-year high. Its IV percentile was 21: IV is higher than 21% of the past year's readings.
What is the expected move for CLF?: Based on the last close, options expiring Dec 11, 2026 priced a one standard deviation move of $2.15 (17.0%), a range of $10.50 to $14.80. Roughly two times in three, the stock would finish inside that range if the options are priced fairly.
Which option screens have trades on CLF?: At the last close, these OptionClaws preset screens had passing trades on CLF: Bull Call Spreads on High-Beta Names (64), Long Call Butterflies for Pinning (30), Married Put Protection (4). Open a screen in the app to see the individual trades, refreshed intraday.
Is CLF option volume above average?: At the last close, CLF option volume was 0.4x its average, much quieter than usual.

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