Cleveland-Cliffs Inc. (CLF)
Cleveland-Cliffs Max Pain By Strike
CLF trades at $11.12, 11.2% above the near-term max pain of $10 expiring Sep 12, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($7-$12), indicating stable market expectations. Key magnetic zone at 10 where 7 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Cleveland-Cliffs Max Pain By Expiry
Max pain for CLF shows stable levels around 9.68, reflecting balanced market expectations. The 52% spread signals divergent expectations across timeframes. Most levels below 11.12 may cap rallies. Strong magnetic level at 10 (7 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 12, 2025 | 10 | -1.12 (-10.06%) |
| Sep 19, 2025 | 10 | -1.12 (-10.06%) |
| Sep 26, 2025 | 10 | -1.12 (-10.06%) |
| Oct 3, 2025 | 11 | -0.12 (-1.07%) |
| Oct 10, 2025 | 9.5 | -1.62 (-14.56%) |
| Oct 17, 2025 | 9 | -2.12 (-19.06%) |
| Oct 24, 2025 | 9 | -2.12 (-19.06%) |
| Nov 21, 2025 | 11 | -0.12 (-1.07%) |
| Dec 19, 2025 | 10 | -1.12 (-10.06%) |
| Jan 16, 2026 | 11 | -0.12 (-1.07%) |
| Mar 20, 2026 | 9 | -2.12 (-19.06%) |
| Apr 17, 2026 | 12 | 0.88 (7.93%) |
| Jun 18, 2026 | 8 | -3.12 (-28.05%) |
| Sep 18, 2026 | 10 | -1.12 (-10.06%) |
| Dec 18, 2026 | 10 | -1.12 (-10.06%) |
| Jan 15, 2027 | 8 | -3.12 (-28.05%) |
| Dec 17, 2027 | 7 | -4.12 (-37.04%) |