How do I buy CLF options?

To buy CLF (Cleveland-Cliffs Inc.) options, you need a brokerage account with options trading enabled. Search for CLF options on your broker's platform, select the strike price and expiration date, choose call or put, and place your order. Make sure you understand the risks before trading options.

What is the current implied volatility for CLF options?

CLF implied volatility (IV) varies by strike price and expiration date. Use our free options search tool above to see real-time IV for specific CLF option contracts. Higher IV means options are more expensive due to expected price movement.

Should I buy calls or puts on CLF?

Buy CLF call options if you expect the stock price to rise, or put options if you expect it to fall. Consider factors like implied volatility, time to expiration, and your risk tolerance. Call options profit when Cleveland-Cliffs Inc. stock goes up; puts profit when it goes down.

What are the most traded CLF options?

The most actively traded CLF options are typically near-the-money (ATM) options with 30-45 days to expiration. Use our tool to search CLF options sorted by volume to find the most liquid contracts with tight bid-ask spreads.

CLF

Cleveland-Cliffs Inc. Options

Search CLF call options and put options with real-time pricing, Greeks, and implied volatility data.

Search CLF Options Now

$14.29 Pre-Market

+$0.27 (+1.93%)

Prev Close

$14.02

Open

$13.89

Day Range

$13.72 - $14.31

Volume

13,039,770

Last updated: Jan 27, 2026 07:54 PM EST

About CLF Options

Cleveland-Cliffs Inc. (CLF) options give traders the right to buy or sell CLF stock at a predetermined price before a specific expiration date. Options are powerful financial instruments used for speculation, hedging, and income generation.

Call Options

CLF call options give you the right to buy shares at the strike price. Profit when Cleveland-Cliffs Inc. stock rises.

Put Options

CLF put options give you the right to sell shares at the strike price. Profit when Cleveland-Cliffs Inc. stock falls.

What Data You'll Find

Our free CLF options search tool provides:

Strike Prices — Various price levels for calls and puts
Expiration Dates — Filter by 7, 30, 60, or 90 days out
Premium (Price) — Current option contract prices
Volume & Open Interest — Liquidity and market activity
Implied Volatility (IV) — Market's expected price movement
Greeks — Delta, Gamma, Theta, Vega sensitivity measures
Intrinsic & Extrinsic Value — Value breakdown

Pro Tip: Look for CLF options with high volume and open interest for better liquidity and tighter bid-ask spreads.

Understanding CLF Options Greeks

When trading Cleveland-Cliffs Inc. options, the Greeks help you understand how the option price will change:

Delta (Δ)

How much the CLF option price moves when the stock moves $1. A delta of 0.50 means the option gains $0.50 for every $1 stock increase.

Theta (Θ)

Daily time decay of the option. CLF options lose value each day as expiration approaches, even if the stock price stays flat.

Gamma (Γ)

Rate of Delta change. Higher gamma means Delta moves faster, making near-ATM CLF options more responsive to price changes.

Vega (ν)

Volatility sensitivity. When Cleveland-Cliffs Inc.'s implied volatility rises, high-vega options become more valuable.

Learn more:

Implied Volatility ITM Options OTM Options Intrinsic Value Open Interest

CLF Options FAQ

To buy CLF (Cleveland-Cliffs Inc.) options, you need a brokerage account with options trading enabled (like TD Ameritrade, E*TRADE, or Robinhood). Search for CLF options, select your desired strike price and expiration, choose call or put, and place your order. Always understand the risks and consider starting with paper trading.

The optimal expiration depends on your strategy. 30-45 day expirations offer a good balance of time value and theta decay for most traders. Shorter expirations (7-14 days) have higher gamma but faster time decay. Longer expirations (60-90+ days) cost more but give the trade more time to work.

Use our options search tool to see current CLF implied volatility levels. Compare the IV to historical averages to determine if options are relatively expensive (high IV) or cheap (low IV). High IV often occurs before earnings or major events.

ITM (In The Money) CLF options have intrinsic value — calls where strike < stock price, puts where strike > stock price. They're more expensive but have higher delta. OTM (Out of The Money) options are cheaper but have lower probability of profit. ATM (At The Money) options have strike ≈ stock price and highest gamma.

Cleveland-Cliffs Inc. Options