CALF Options History — December 2021

In December 2021, CALF traded between $41.11 and $44.51. ATM implied volatility averaged 37.6%. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 10.2% (HV 20d: 27.4%). Max pain ranged from $41.00 to $47.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.41.

Notable Days

  • 2021-12-31: Highest Volume — 25 contracts
  • 2021-12-15: Largest IV drop — 49.5% change
  • 2021-12-03: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.84$41.11$44.51$42.38$42.90
Max Pain$43.05$41.00$47.00$47.00$41.00
ATM IV37.6%24.8%64.2%49.7%26.5%
Expected Move9.7%7.1%15.6%14.3%7.6%
HV 20d27.4%25.1%29.9%28.2%25.1%
HV 60d25.6%24.8%26.1%25.4%24.8%
Term Structure-1.2%-10.1%3.2%-7.6%0.5%
VWIV32.1%19.3%47.0%43.9%27.4%
Skew 25d6.5%0.3%16.9%7.7%7.0%
Skew 10d7.9%2.8%26.4%9.1%4.8%
Call IV 25d27.7%22.0%45.5%40.8%22.0%
Put IV 25d34.2%26.2%52.0%48.5%29.0%
Bid-Ask Spread %131.31114.52146.74125.34146.74
Gamma HHI0.410.340.540.540.41
Net GEX434-5761.4K643-81
Net DEX-4.9K-13.5K5.5K-6.0K-1.7K
Net VEX-47-56-33-35-50
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.001.000.000.25
Total Volume11.18210251025
Total OI9.727714711

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$42.38$47.0049.7%14.3%28.2%0.0%43.9%7.7%-7.6%643-6.0K-350.00125.34N/AN/A10070
2021-12-02$43.12$47.0048.0%13.8%25.3%0.0%40.0%14.4%-9.0%998-11.2K-490.00124.06N/AN/A10090
2021-12-03$42.48$47.0054.5%15.6%25.7%0.0%47.0%6.6%-10.1%882-10.2K-460.00125.77N/AN/A10090
2021-12-06$43.84$44.0042.7%10.9%27.3%0.0%37.9%16.9%-3.5%1.1K-12.5K-490.00114.52N/AN/A10090
2021-12-07$44.51$44.0037.1%8.9%28.1%0.0%32.9%8.8%-0.3%1.4K-13.5K-500.00127.85N/AN/A10090
2021-12-08$44.39$44.0039.1%9.1%28.0%0.0%32.1%5.3%-2.0%1.4K-12.9K-500.00132.17N/AN/A10090
2021-12-09$43.81$44.0039.9%9.1%27.5%0.0%32.1%0.5%-1.1%1.2K-10.6K-450.00129.96N/AN/A10090
2021-12-10$43.59$44.0041.7%9.1%26.8%0.0%31.4%5.1%-0.1%1.1K-9.9K-440.00125.85N/AN/A10090
2021-12-13$42.82$44.0050.8%8.9%27.2%0.0%30.4%4.6%0.9%901-7.6K-360.00127.76N/AN/A10090
2021-12-14$42.50$44.0064.2%9.8%27.2%0.0%32.2%4.7%-1.5%773-7.2K-350.00128.64N/AN/A10090
2021-12-15$42.95$44.0032.5%9.3%27.2%0.0%25.6%9.6%-0.4%880-7.7K-370.00127.61N/AN/A10090
2021-12-16$41.97$44.0035.9%10.3%27.7%0.0%37.0%5.1%0.7%567-5.9K-330.50124.62N/AN/A10590
2021-12-17$42.19$41.0033.4%9.6%27.7%0.0%31.3%11.5%-0.7%-2102.1K-560.50131.71N/AN/A10595
2021-12-20$41.11$41.0038.3%11.0%28.4%0.0%36.4%8.4%-0.7%-2775.5K-511.00120.77N/AN/A5555
2021-12-21$42.22$41.0034.4%9.9%29.1%0.0%33.2%5.0%-0.5%-2092.0K-551.00136.08N/AN/A5555
2021-12-22$42.70$41.0029.4%8.4%29.6%0.0%26.6%4.0%1.8%-286972-531.00130.75N/AN/A5555
2021-12-23$41.98$41.0024.8%7.1%29.9%0.0%19.3%0.3%3.2%-3892.1K-481.00133.79N/AN/A5555
2021-12-27$42.63$41.0027.2%7.8%27.5%0.0%27.7%6.3%1.5%-576774-430.83142.28N/AN/A6555
2021-12-28$42.71$41.0025.6%7.3%27.5%0.0%27.0%3.0%2.4%-137-1.1K-531.00140.94N/AN/A5565
2021-12-29$42.79$41.0025.9%7.4%26.8%0.0%28.2%6.8%1.4%-123-1.5K-531.00145.55N/AN/A5565
2021-12-30$42.80$41.0026.2%7.5%25.8%0.0%26.8%2.2%-1.1%-117-1.5K-521.00146.14N/AN/A5565
2021-12-31$42.90$41.0026.5%7.6%25.1%0.0%27.4%7.0%0.5%-81-1.7K-500.25146.74N/AN/A20565