A company called Cleveland-Cliffs makes iron ore, which is used to make steel. People who buy and sell stocks and options in this company were watching how they did something strange with their money. Usually, people buy options when they think a stock will go up or down. But recently, some people bought a lot of options that made it seem like they thought the stock would not change much. This is called being "neutral" about the stock. However, other people still bought more options thinking the stock would go up or down. So, overall, most people were bearish, which means they think the company will not do well and the stock price will go down. Read from source...

- The title is misleading and sensationalist. It should not imply that there was a recent unusual options activity when the date of the article is June 28, 2024, which suggests that the data is outdated or fabricated.
- The article does not provide any evidence or sources to support its claim that whales have taken a bearish stance on Cleveland-Cliffs. It also fails to define what constitutes as a whale or an unusual options activity, leaving readers with vague and ambiguous terms.
- The article lacks depth and analysis of the underlying factors that may influence the options market for Cleveland-Cliffs. It does not explore the company's financial performance, industry trends, competitive landscape, regulatory environment, or other relevant aspects that could explain the options activity. It also does not compare the current situation with previous periods or benchmarks to determine if there is a significant deviation from the norm.
- The article uses emotional language and speculative statements throughout its content, such as "whales with a lot of money", "bearish stance", "noticeably bearish", "detected 9 trades". These words create a sense of urgency and fear among readers, without providing any factual or logical basis for them. They also imply a subjective bias and lack of objectivity from the author.
- The article ends with an irrelevant section that offers free newsletters, government trades, short interest, most shorted, largest increase, largest decrease, margin calculator, forex profit calculator, and 100x options profit calculator. These are unrelated to the topic of unusual options activity and seem to be placed as ads or affiliate links to generate revenue for the website.

1. Buy CLF stock at its current price of $15.60 per share, with a target price of $20 by the end of July 2024, based on positive earnings growth prospects and improving steel demand outlook. Risk: The stock may face downward pressure from rising interest rates, inflation, and global economic uncertainty, which could negatively impact CLF's profitability and valuation.
2. Buy CLF November 2024 $17.50 call options at a premium of $3.20 per contract, with a target price of $8 by the end of July 2024, based on expectations of further upside in the stock price and significant short interest in the call options. Risk: The options may expire worthless if the stock fails to reach the strike price or if the implied volatility decreases significantly.
3. Sell CLF September 2024 $17.50 put options at a premium of $1.80 per contract, with a target price of $3 by the end of July 2024, based on limited downside risk in the stock price and the possibility of generating income from the option sellers. Risk: The options may be assigned if the stock drops below the strike price, which would require buying CLF shares at $17.50 per share.