CALF Options History — April 2023

In April 2023, CALF traded between $36.03 and $38.44. ATM implied volatility averaged 22.4%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 0.9% (HV 20d: 23.3%). Max pain ranged from $33.00 to $42.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.76.

Notable Days

  • 2023-04-24: Highest Volume — 95 contracts
  • 2023-04-20: Largest IV spike — 33.6% change
  • 2023-04-05: Highest IV Rank — 18.9%
  • 2023-04-05: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.47$36.03$38.44$38.44$37.02
Max Pain$35.14$33.00$42.00$35.00$33.00
ATM IV22.4%15.3%30.6%28.8%22.2%
Expected Move6.1%4.4%8.8%8.3%6.4%
HV 20d23.3%18.5%27.9%25.7%22.6%
HV 60d22.8%22.3%23.2%22.6%22.3%
IV Rank8.7%0.0%18.9%16.5%8.9%
IV Percentile10.9%0.0%39.3%32.1%10.7%
Term Structure-0.7%-9.8%6.1%-2.6%-1.4%
VWIV18.6%16.7%20.3%16.7%18.9%
Skew 25d4.6%-2.8%20.1%6.3%3.4%
Skew 10d-0.7%-16.6%5.6%4.4%2.5%
Call IV 25d17.2%13.1%25.3%25.3%18.1%
Put IV 25d21.9%16.6%35.2%31.6%21.5%
Bid-Ask Spread %119.44111.51147.31119.86115.30
Gamma HHI0.260.210.310.240.26
Net GEX18.2K13.2K21.5K18.5K18.4K
Net DEX-44.6K-227.3K233.5K-227.3K85.8K
Net VEX-4.0K-4.6K-3.0K-4.6K-3.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.003.330.003.33
Total Volume8.42109500
Total OI571.474538672546672

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$38.44$35.0028.8%8.3%25.7%16.5%0.0%6.3%-2.6%18.5K-227.3K-4.6K0.00119.86N/AN/A00349197
2023-04-04$37.22$35.0029.3%8.4%27.9%17.1%0.0%-2.5%-9.6%15.3K-107.8K-4.3K0.00117.95N/AN/A00349197
2023-04-05$37.14$35.0030.6%8.8%27.8%18.9%16.7%20.1%-9.8%17.9K39.0K-4.0K0.00121.48N/AN/A70349197
2023-04-06$36.80$0.0026.4%4.6%27.8%13.4%0.0%1.5%2.3%17.7K35.7K-4.0K0.00122.68N/AN/A00344197
2023-04-10$37.44$0.0025.9%5.8%26.6%12.7%0.0%1.7%-0.5%17.4K10.3K-4.0K0.00125.66N/AN/A00344197
2023-04-11$38.03$0.0023.9%5.2%26.4%10.2%0.0%9.8%4.1%18.2K-137.3K-4.3K0.00117.51N/AN/A70344197
2023-04-12$37.79$0.0021.1%6.0%26.5%6.5%0.0%5.0%0.4%18.6K-134.0K-4.3K0.00115.19N/AN/A00351197
2023-04-13$38.08$0.0020.7%5.9%25.0%6.0%0.0%8.2%-0.2%16.6K-147.1K-4.3K0.00147.31N/AN/A00351197
2023-04-14$37.96$0.0020.9%6.0%23.4%6.4%0.0%-2.8%1.4%17.8K-174.3K-4.3K1.25117.79N/AN/A45351197
2023-04-17$37.99$0.0020.3%5.8%21.5%5.6%0.0%4.0%0.3%18.4K-165.9K-4.3K0.00119.52N/AN/A30353200
2023-04-18$38.05$0.0019.1%5.5%21.2%4.0%0.0%4.9%1.1%20.2K-157.7K-4.2K0.00121.22N/AN/A00356200
2023-04-19$37.97$0.0015.3%4.4%20.0%0.0%0.0%2.2%1.1%21.3K-83.1K-4.1K0.00111.51N/AN/A00353200
2023-04-20$37.75$0.0020.4%5.8%19.3%6.6%0.0%11.4%6.1%21.5K-116.9K-4.0K0.00112.21N/AN/A00353200
2023-04-21$37.47$0.0021.1%6.0%18.5%7.4%0.0%5.8%-1.5%17.7K-79.9K-4.1K0.00116.12N/AN/A00353200
2023-04-24$37.75$0.0016.7%4.8%18.5%1.8%20.3%1.9%-1.0%21.1K4.5K-3.8K0.00118.20N/AN/A950343195
2023-04-25$36.65$42.0018.8%5.4%20.7%4.5%18.9%1.1%-2.2%18.1K139.9K-3.3K3.33120.83N/AN/A930438195
2023-04-26$36.03$33.0020.5%5.9%21.5%6.7%0.0%5.3%-0.8%17.1K233.5K-3.0K0.00113.33N/AN/A00447224
2023-04-27$36.43$33.0024.5%7.0%21.8%11.8%0.0%0.8%0.1%13.2K135.9K-3.6K0.00115.75N/AN/A00447224
2023-04-28$37.02$33.0022.2%6.4%22.6%8.9%0.0%3.4%-1.4%18.4K85.8K-3.6K0.00115.30N/AN/A00448224