Cleveland-Cliffs Inc (CLF) Options

7.15 ↓1.34 (-15.78%)

As of December 31, 1969, 7:00pm EST.

CLF Max Pain

The max pain for CLF on May 9th, 2025 is $7.

Cleveland-Cliffs is currently $7.15 which is 2.14% higher than its max pain. According to the max pain theory, Cleveland-Cliffs will likely gravitate lower closer to $7 by May 9th.

Outlook: Negative

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CLF Max Pain Distribution Chart

Option Chain

The option chain for Cleveland-Cliffs on May 9th.

Calls

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
1	6.01	-1.96%	6	7.4	1	0	0	0	0	0	0	0
2	4.93	-3.08%	4.8	5.4	4	1	0	0	0	0	0	0
2.5	0	N/A	2.87	5.65	0	0	0	0	0	0	0	0
3	5.35	16.78%	4	5.25	0	5	0	0	0	0	0	0
4	3.9	10.49%	2.77	3.2	0	36	711.07	0.9596	0.0326	-0.1153	0.0003	3.2
4.5	2.8	2.10%	2.46	2.68	4	1	527.46	0.9652	0.0389	-0.0757	0.0003	2.68
5	2.82	9.37%	2.08	2.74	0	4	788.61	0.8583	0.076	-0.3309	0.0008	2.41
5.5	1.72	0.98%	1.14	2.38	22	8	407.07	0.9095	0.107	-0.1241	0.0006	1.72
6	1.21	0.84%	1.11	1.46	824	9	288.52	0.8919	0.1719	-0.1003	0.0007	1.21
6.5	0.71	0.84%	0.59	0.82	464	99	188.72	0.8448	0.3376	-0.0843	0.0009	0.71
7	0.22	0.98%	0.21	0.23	1907	224	89.03	0.684	1.0677	-0.0594	0.0013	0.22
7.5	0.04	5.45%	0.03	0.04	2592	642	102.35	0.1935	0.7165	-0.0526	0.001	0.04
8	0.02	12.17%	0.01	0.02	2262	2633	149.38	0.0812	0.2688	-0.042	0.0006	0.02
8.5	0.01	19.02%	0	0.01	1895	10264	181.35	0.038	0.1218	-0.0281	0.0003	0.01
9	0.01	26.01%	0	0.02	561	5657	228.63	0.0313	0.0822	-0.0301	0.0003	0.01
9.5	0.01	33.01%	0	0.01	371	7505	271.72	0.027	0.0613	-0.0317	0.0002	0.01
10	0.01	40.00%	0	0.01	216	5024	311.44	0.0241	0.0485	-0.033	0.0002	0.01
10.5	0.01	46.99%	0	0.04	7	2261	348.37	0.0219	0.0401	-0.0341	0.0002	0.01
11	0.01	53.99%	0	0.01	1	490	382.9	0.0202	0.0341	-0.0351	0.0002	0.01
11.5	0.01	60.98%	0	0.01	0	33	379.44	0.0109	0.0203	-0.0204	0.0001	0.01
12	0.01	67.97%	0	0.01	0	674	408.13	0.0103	0.0178	-0.0208	0.0001	0.01
12.5	0.01	74.97%	0	0.01	0	22	435.33	0.0097	0.0159	-0.0212	0.0001	0.01
13	0.01	81.96%	0	0.21	0	16	751.85	0.093	0.0591	-0.2341	0.0006	0.11
13.5	0.01	88.95%	0	0.01	5	11	528.72	0.0155	0.0196	-0.0385	0.0001	0.01
14	0.01	95.94%	0	0.01	0	11	509.38	0.0085	0.0121	-0.0221	0.0001	0.01
14.5	0.01	102.94%	0	0.01	0	4	531.91	0.0082	0.0112	-0.0223	0.0001	0.01
15	0.01	109.93%	0	0.01	0	2	553.52	0.0079	0.0105	-0.0226	0.0001	0.01
15.5	0.01	116.92%	0	0.01	0	1	574.27	0.0077	0.0098	-0.0228	0.0001	0.01
16	0.01	123.92%	0	0.01	0	1	594.23	0.0075	0.0093	-0.023	0.0001	0.01
17	0	N/A	0	0.01	0	0	632.01	0.0071	0.0083	-0.0234	0.0001	0.01
17.5	0	N/A	0	0.01	0	0	649.93	0.0069	0.0079	-0.0235	0.0001	0
18	0.01	151.89%	0	0.01	5	8	721.02	0.012	0.0116	-0.0422	0.0001	0.01

Puts

Strike	Last Price	Breakeven	Bid	Ask	Volume	Open Interest	IV	Delta	Gamma	Theta	Vega	Theoretical Value
1	0	N/A	0	0.01	0	0	0	0	0	0	0	0
2	0	N/A	0	0.01	0	0	1006.57	-0.0037	0.0029	-0.0207	0	0
2.5	0	N/A	0	0.01	0	0	837.55	-0.0045	0.0042	-0.0204	0	0.01
3	0.02	-57.76%	0	0.01	0	1	700.23	-0.0053	0.0059	-0.0201	0.0001	0.01
4	0.01	-43.92%	0	0.1	0	354	710.72	-0.0403	0.0326	-0.1153	0.0003	0.05
4.5	0.01	-36.92%	0	0.21	0	75	707.61	-0.0756	0.0538	-0.1885	0.0005	0.11
5	0.01	-29.93%	0	0.01	7	70	347.09	-0.0197	0.0368	-0.0311	0.0002	0.01
5.5	0.01	-22.94%	0	0.03	1	1323	265.84	-0.0253	0.0593	-0.0293	0.0002	0.01
6	0.01	-15.94%	0	0.02	698	902	189.35	-0.0345	0.1076	-0.027	0.0003	0.01
6.5	0.01	-8.95%	0.01	0.02	834	1489	115.23	-0.0536	0.2527	-0.0235	0.0004	0.01
7	0.07	-1.12%	0.06	0.08	3403	2130	89.16	-0.3162	1.0665	-0.0593	0.0013	0.07
7.5	0.43	10.91%	0.36	0.45	3178	2489	137.67	-0.7346	0.6362	-0.0843	0.0012	0.43
8	0.76	22.52%	0.83	0.9	1173	3503	140.32	-0.9322	0.2494	-0.0341	0.0005	0.87
8.5	1.43	38.88%	1.3	1.42	584	2881	182.17	-0.9613	0.123	-0.0283	0.0003	1.36
9	1.79	50.91%	1.74	1.9	119	411	317.28	-0.9036	0.1438	-0.1011	0.0006	1.9
9.5	2.21	63.78%	2.3	2.42	16	82	273.07	-0.9724	0.0622	-0.0321	0.0002	2.36
10	2.75	78.32%	2.78	2.99	36	69	388.48	-0.9392	0.0828	-0.0871	0.0005	2.89
10.5	0	N/A	2.97	3.4	0	0	463.38	-0.9283	0.0789	-0.1182	0.0005	3.4
11	2.6	90.21%	3.2	3.9	0	1	504.98	-0.9329	0.0688	-0.1223	0.0005	3.9
11.5	0	N/A	2.83	4.4	0	0	543.9	-0.9366	0.0611	-0.126	0.0005	4.4
12	4.92	136.64%	4.75	4.9	1	1	580.49	-0.9397	0.055	-0.1293	0.0004	4.9
12.5	3.9	129.37%	5.3	5.4	0	13	0	0	0	0	0	0
13	6.15	167.83%	5.8	5.9	2	7	0	0	0	0	0	0
13.5	6.55	180.42%	6.3	6.4	2	1	0	0	0	0	0	0
14	7.16	195.94%	6.15	7.4	1	0	1074.49	-0.8195	0.0654	-0.5276	0.001	7.16
14.5	5.95	186.01%	6.8	7.4	0	0	736.51	-0.9496	0.0376	-0.1422	0.0004	7.4
15	6.93	206.71%	6.45	7.9	0	0	763.49	-0.951	0.0355	-0.1442	0.0004	7.9
15.5	0	N/A	8.3	8.4	0	0	433.13	-0.9999	0.2534	-0.0002	0	8.35
16	7.92	234.55%	7.9	8.9	0	1	814.14	-0.9533	0.0321	-0.1479	0.0004	8.9
17	0	N/A	9.8	9.9	0	0	484.04	-0.9999	0.2605	-0.0002	0	9.85
17.5	0	N/A	9.15	10.4	0	0	883.06	-0.956	0.0282	-0.1529	0.0003	10.4
18	9.92	290.49%	10	11	0	1	1107.83	-0.9036	0.0412	-0.353	0.0006	11