CALF Options History — February 2023

In February 2023, CALF traded between $38.99 and $41.24. ATM implied volatility averaged 25.7%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 4.8% (HV 20d: 20.9%). Max pain ranged from $37.00 to $40.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 4.05.

Notable Days

  • 2023-02-27: Highest Volume — 1,386 contracts
  • 2023-02-28: Largest IV drop — 28.3% change
  • 2023-02-06: Highest IV Rank — 23.0%
  • 2023-02-27: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.10$38.99$41.24$40.77$39.53
Max Pain$39.84$37.00$40.00$37.00$40.00
ATM IV25.7%20.0%33.8%26.6%21.1%
Expected Move6.9%5.7%8.4%7.6%6.0%
HV 20d20.9%19.2%23.2%19.4%22.5%
HV 60d22.0%20.6%24.9%24.8%21.2%
IV Rank12.6%5.1%23.0%13.7%6.5%
IV Percentile15.9%2.0%50.4%13.5%3.6%
Term Structure-1.7%-13.6%6.6%-6.2%6.6%
VWIV28.1%19.8%39.2%29.0%39.2%
Skew 25d0.4%-9.7%4.8%2.9%-1.2%
Skew 10d-0.0%-15.5%17.0%17.0%-12.1%
Call IV 25d23.5%17.7%36.7%28.9%26.1%
Put IV 25d23.9%18.6%31.8%31.8%24.9%
Bid-Ask Spread %121.22111.78126.94126.94120.33
Gamma HHI0.350.300.450.410.45
Net GEX1.1K-170.2K19.4K13.5K-170.2K
Net DEX-203.0K-359.0K1.0M-295.8K1.0M
Net VEX-2.2K-5.8K-855-903-5.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.050.0032.000.1432.00
Total Volume133.47401,38685
Total OI301.1051141,0801141,080

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$40.77$37.0026.6%7.6%19.4%13.7%29.0%2.9%-6.2%13.5K-295.8K-9030.14126.94N/AN/A711104
2023-02-02$41.16$40.0028.1%6.1%19.4%15.6%0.0%2.9%0.1%12.6K-329.8K-8550.00123.16N/AN/A1001145
2023-02-03$41.24$40.0028.7%6.2%19.2%16.4%0.0%3.9%1.6%13.2K-359.0K-9510.00123.89N/AN/A001245
2023-02-06$40.50$40.0033.8%7.0%19.6%23.0%0.0%1.2%0.5%13.8K-325.8K-9810.00126.03N/AN/A001245
2023-02-07$40.82$40.0032.3%6.3%19.5%21.1%0.0%4.8%-1.9%14.4K-322.5K-9990.00123.35N/AN/A101245
2023-02-08$40.27$40.0024.0%6.9%20.5%10.4%25.0%4.2%0.5%14.5K-318.7K-9890.33121.51N/AN/A311255
2023-02-09$39.77$40.0020.0%5.7%21.2%5.1%0.0%4.3%1.4%15.8K-310.3K-9750.00120.93N/AN/A001285
2023-02-10$39.86$40.0021.7%6.2%20.7%7.4%0.0%-0.5%0.1%15.9K-284.9K-1.0K0.00121.74N/AN/A001285
2023-02-13$40.27$40.0022.2%6.4%20.9%8.0%0.0%-5.6%1.9%16.9K-299.8K-9980.00117.39N/AN/A001285
2023-02-14$40.35$40.0024.2%6.9%20.6%10.5%0.0%1.9%-0.5%16.4K-306.9K-9750.00119.25N/AN/A001285
2023-02-15$40.64$40.0020.7%5.9%19.8%6.1%0.0%3.6%-2.5%19.4K-319.9K-9632.66115.26N/AN/A1905061285
2023-02-16$40.50$40.0021.9%6.3%19.9%7.6%19.8%-2.3%-6.0%-25.0K-226.7K-4.2K1.27125.92N/AN/A168213318363
2023-02-17$40.37$40.0025.6%7.3%19.6%12.3%0.0%1.0%-9.7%-11.9K-159.1K-3.3K0.00124.20N/AN/A420255258
2023-02-21$39.03$40.0026.5%7.6%22.5%13.6%0.0%-2.6%-0.4%11.6K-248.1K-3.7K0.00121.96N/AN/A30247157
2023-02-22$38.99$40.0027.6%7.9%22.4%15.0%0.0%0.6%-1.9%12.0K-202.6K-3.7K0.00124.63N/AN/A00250157
2023-02-23$39.53$40.0027.0%7.7%22.8%14.2%0.0%-2.9%-13.6%14.0K-197.4K-3.6K0.00111.78N/AN/A00250157
2023-02-24$39.05$40.0027.7%7.9%23.2%15.1%0.0%0.8%-0.8%11.8K-140.7K-3.6K0.00121.75N/AN/A00250157
2023-02-27$39.31$40.0029.4%8.4%23.1%17.3%27.4%-9.7%-2.3%12.3K-225.8K-3.6K32.00113.17N/AN/A421,344250157
2023-02-28$39.53$40.0021.1%6.0%22.5%6.5%39.2%-1.2%6.6%-170.2K1.0M-5.8K0.00120.33N/AN/A05251829