Insights into Cleveland-Cliffs' Options Activity and Trends
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Understanding Cleveland-Cliffs' Recent Options Activity
Financial analysts have observed a noteworthy bullish trend regarding Cleveland-Cliffs. A comprehensive exploration of the options history for Cleveland-Cliffs (CLF) indicates a total of 14 unusual trades executed recently.
Trader Sentiment Analysis
Upon further scrutiny of the trading behaviors, we noted that 57% of the traders exhibited bullish sentiments, while 21% of the participants showed bearish tendencies. Within the trades identified, there were 6 puts amounting to $1,108,225 and 8 calls valued at $443,042.
Price Target Projections
Considering the volume and open interest related to these options contracts, analysts report that significant traders have been focusing on a price range between $5.0 and $15.0 for Cleveland-Cliffs over the previous three months. This thoughtful analysis indicates strategic positioning around crucial price levels.
Options Volume & Open Interest Metrics
Current trading data suggests that the average open interest for Cleveland-Cliffs options stands at 2466.25, with a total volume recorded at 12,562.00. Observational charts illustrate the trends in both call and put option volumes, displaying the dynamics of high-value trades within the $5.0 to $15.0 strike price corridor over the last 30 days.
30-Day Options Activity Overview
The recent options activity for Cleveland-Cliffs shows a diverse participation from traders, indicating engagement across various options.
Key Options Transactions:
Notable transactions include a range of puts and calls that reflect both bullish and bearish sentiments. The following is a summary of these transactions:
- Symbol: CLF
- PUT/CALL: PUT
- Trade Type: SWEEP
- Sentiment: BEARISH
- Expiration Date: 01/17/25
- Ask Price: $2.0
- Bid Price: $1.95
- Transaction Price: $1.98
- Strike Price: $12.00
- Total Trade Price: $402.5K
- Open Interest: 7.3K
- Volume: 2.0K
About Cleveland-Cliffs
Cleveland-Cliffs Inc specializes in the production of flat-rolled steel and iron ore pellets within North America. It operates primarily through a single reportable segment dedicated to steelmaking, although it is organized into four distinct product segments: Steelmaking, Tubular, Tooling and Stamping, and European Operations. The company engages in vertical integration, processing raw materials to finished steel products.
Cleveland-Cliffs is a prominent supplier to the North American automotive industry, reflecting a diverse geographic operational scope, predominantly in the United States and Canada.
Current Market Dynamics for Cleveland-Cliffs
- CLF's trading volume is recorded at 6,453,127, with its price currently down by 3.29% at $10.89.
- Current RSI indicators suggest that CLF may be trading in oversold conditions.
- Upcoming earnings for the company are anticipated approximately 41 days from now.
Expert Insights on Market Position
Recent analyses by experts on the stock of Cleveland-Cliffs reflect a bullish market sentiment. In the past month, analysts have issued their ratings, suggesting an average price target of $15.75.
- A rating upgrade from Seaport Global has positioned CLF as a Buy, with a new price target set at $16.
- Additionally, Morgan Stanley maintains an Equal-Weight rating, predicting a target price of $15 for the stock.
Options trading opens doors to potentially higher returns despite the associated risks. Knowledgeable traders often mitigate risk by improving their education on market trends, strategically managing their trade entries and exits, and observing multiple indicators.
Frequently Asked Questions
What is Cleveland-Cliffs' current market performance?
Cleveland-Cliffs currently trades at $10.89, reflecting a 3.29% decrease.
What is the general sentiment among traders for CLF options?
Recently, the sentiment is predominantly bullish at 57% among options traders.
What price range are analysts targeting for Cleveland-Cliffs?
Analysts are focusing on a price target range between $5.0 and $15.0 based on recent trading data.
What are the upcoming earnings expectations for Cleveland-Cliffs?
The next earnings report for Cleveland-Cliffs is anticipated in approximately 41 days.
How does Cleveland-Cliffs integrate its operations?
Cleveland-Cliffs is vertically integrated, handling everything from raw material sourcing to finished steel production.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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