Core Insights - Significant investors have taken a bullish stance on Cleveland-Cliffs, with 50% of trades being bullish and 50% bearish [1] - The target price for Cleveland-Cliffs is projected to be between $11.0 and $15.0 over the past three months [2] Options Trading Activity - A total of 8 trades were detected for Cleveland-Cliffs, with 3 puts amounting to $255,894 and 5 calls totaling $215,504 [1] - The recent options trading indicates a mix of bullish and bearish sentiments among investors [1][8] Volume and Open Interest - The volume and open interest data for Cleveland-Cliffs' options provide insights into liquidity and investor interest within the strike price range of $11.0 to $15.0 over the last 30 days [3] Company Overview - Cleveland-Cliffs Inc is a flat-rolled steel producer and iron ore pellet manufacturer in North America, primarily serving the automotive industry [9] - The company operates through four segments but reports under one segment, Steelmaking, and is vertically integrated from raw materials to finished products [9] Market Analysis - Analysts have set an average target price of $11.75 for Cleveland-Cliffs, with a Neutral rating from B of A Securities and an Equal-Weight rating from Wells Fargo, maintaining a target price of $11 [11][12] - The current trading volume for Cleveland-Cliffs is 25,180,222, with a price increase of 1.04% to $12.33 [14]
Cleveland-Cliffs Unusual Options Activity - Cleveland-Cliffs (NYSE:CLF)