CLF volatility Cleveland-Cliffs Inc.
IV30Implied volatility interpolated to a constant 30-day horizon from the expirations around it, so different stocks and dates can be compared fairly.58.4%
HV20How much the stock actually moved, measured from daily closing prices over a past window (annualized). Compare with implied volatility to see what the options market priced versus what happened.48.9%
HV6066.5%
IV − HV20 spread
+9.5pt
Universe percentileWhere this IV30 ranks across all securities we cover today (a cross-sectional comparison, not the stock's own history).
89
Own-history percentileWhere today's IV30 sits versus its own daily history — 80 means higher than roughly 80% of recorded observations for that period.
4/60 days recorded
Cboe delayed options data · as of 21:49 UTC · How these are computed
IV term structure
At-the-money implied volatility for each listed expiration, plotted by days remaining.
| Expires | DTE | ATM IV | 25Δ skewThe IV gap between 25-delta puts and 25-delta calls for one expiration. Positive skew means downside protection is priced richer than upside exposure. | Implied move |
|---|---|---|---|---|
| Sep 04, 2026 | 1 | 69.5% | -9.5pt | ±3.5% |
| Sep 11, 2026 | 8 | 51.4% | +2.9pt | ±6.3% |
| Sep 18, 2026 | 15 | 53.8% | -4.6pt | ±8.9% |
| Sep 25, 2026 | 22 | 56.0% | -4.0pt | ±11.1% |
| Oct 02, 2026 | 29 | 58.4% | +0.8pt | ±13.2% |
| Oct 09, 2026 | 36 | 58.4% | -1.4pt | ±14.7% |
| Oct 16, 2026 | 43 | 58.7% | +1.1pt | ±16.1% |
| Oct 23, 2026 | 50 | 66.5% | -5.1pt | ±19.6% |
| Nov 20, 2026 | 78 | 65.0% | +0.6pt | ±23.8% |
| Dec 18, 2026 | 106 | 59.9% | +0.1pt | ±25.5% |
| Jan 15, 2027 | 134 | 61.3% | -0.2pt | ±29.3% |
| Mar 19, 2027 | 197 | 62.2% | +1.0pt | ±35.9% |
| Apr 16, 2027 | 225 | 62.5% | +2.0pt | ±38.5% |
| Jun 17, 2027 | 287 | 64.0% | +0.6pt | ±44.3% |
| Sep 17, 2027 | 379 | 64.6% | — | ±50.9% |
| Dec 17, 2027 | 470 | 65.6% | +1.6pt | ±57.0% |
Volatility smile — Sep 18, 2026
Implied volatility by strike. The tilt toward puts (left side higher) is the skew: downside protection priced richer than upside.
callsputs
Implied vs realized, daily record
IV30HV20