CALF Options History — March 2025

In March 2025, CALF traded between $36.64 and $38.89. ATM implied volatility averaged 28.5%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 8.5% (HV 20d: 20.0%). Max pain ranged from $35.00 to $43.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 24.41.

Notable Days

  • 2025-03-03: Highest Volume — 439 contracts
  • 2025-03-24: Largest IV drop — 30.1% change
  • 2025-03-10: Highest IV Rank — 66.5%
  • 2025-03-14: Largest Expected Move — 12.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.91$36.64$38.89$37.97$37.58
Max Pain$39.60$35.00$43.00$43.00$35.00
ATM IV28.5%18.2%41.0%34.9%26.0%
Expected Move8.5%5.7%12.6%10.0%6.6%
HV 20d20.0%17.4%23.9%18.9%21.1%
HV 60d17.5%16.9%18.4%17.1%18.4%
IV Rank36.2%11.4%66.5%51.8%30.1%
IV Percentile72.3%8.7%96.4%93.7%69.4%
Term Structure-2.5%-15.1%5.0%1.2%-6.3%
VWIV33.6%22.6%43.8%22.6%28.7%
Skew 25d1.5%-3.6%14.0%5.7%-0.6%
Skew 10d-4.2%-14.1%7.5%-3.2%-12.2%
Call IV 25d25.9%17.8%33.4%29.8%26.5%
Put IV 25d27.4%17.4%35.4%35.4%25.9%
Bid-Ask Spread %128.86115.47143.23122.01115.47
Gamma HHI0.320.250.440.310.36
Net GEX41.7K-17.7K76.9K19.8K11.3K
Net DEX56.1K-399.9K640.5K497.8K264.3K
Net VEX-3.0K-3.9K-2.1K-2.3K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio24.410.00202.000.380.00
Total Volume69.1904394390
Total OI1,057.4298021,290813803

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$37.97$43.0034.9%10.0%18.9%51.8%22.6%5.7%1.2%19.8K497.8K-2.3K0.38122.01N/AN/A317122506307
2025-03-04$37.89$41.0034.4%9.9%18.4%50.5%30.3%-2.5%-15.1%53.5K639.9K-3.1K0.00130.29N/AN/A820823399
2025-03-05$37.92$41.0033.4%9.6%17.6%48.1%31.4%-0.9%-3.4%55.2K535.2K-3.6K25.00133.36N/AN/A250885399
2025-03-06$37.75$41.0035.6%10.2%17.5%53.5%36.1%1.7%5.0%59.9K640.5K-3.3K0.00131.71N/AN/A540887399
2025-03-07$38.21$41.0035.0%10.0%18.6%51.9%42.2%2.8%-2.5%56.6K351.0K-3.9K0.00133.20N/AN/A082881398
2025-03-10$37.81$41.0041.0%11.8%18.5%66.5%43.8%2.4%-5.1%49.7K417.7K-3.6K19.23129.12N/AN/A13250881398
2025-03-11$37.83$39.0029.3%12.3%17.6%38.2%0.0%3.1%-3.6%61.6K-346.9K-3.4K0.00134.97N/AN/A270894188
2025-03-12$37.27$39.0027.7%12.1%17.4%34.4%0.0%0.2%-1.2%57.1K-246.3K-3.3K0.00132.13N/AN/A01909188
2025-03-13$36.64$39.0026.7%11.4%17.4%31.8%0.0%2.3%-1.5%49.9K-89.8K-2.9K0.00130.53N/AN/A00909189
2025-03-14$37.28$39.0026.6%12.6%18.4%31.6%0.0%3.2%-1.9%51.9K-122.3K-3.0K0.00137.57N/AN/A00909189
2025-03-17$37.88$40.0026.2%6.6%20.1%30.7%0.0%-0.8%-3.4%61.9K-241.6K-2.9K0.00123.20N/AN/A00909189
2025-03-18$37.75$40.0027.7%6.7%19.7%34.3%0.0%14.0%-5.2%58.8K-262.4K-3.0K1.86125.15N/AN/A2954909189
2025-03-19$38.45$40.0027.3%6.7%21.5%33.3%0.0%7.7%-2.4%76.9K-399.9K-3.0K0.00120.64N/AN/A100938191
2025-03-20$38.25$0.0029.5%6.4%21.5%38.7%0.0%1.7%-2.7%63.2K-306.8K-2.9K202.00141.81N/AN/A1202948191
2025-03-21$37.86$0.0026.1%6.7%20.7%30.4%0.0%2.9%-3.1%37.9K71.2K-3.3K0.00143.23N/AN/A050949341
2025-03-24$38.89$0.0018.2%6.1%23.4%11.4%0.0%-3.5%4.2%-17.7K71.8K-3.2K20.00131.27N/AN/A5100566335
2025-03-25$38.78$0.0021.3%5.8%23.0%18.9%0.0%-3.6%-2.9%18.0K-203.0K-2.9K0.00127.41N/AN/A10568235
2025-03-26$38.55$0.0021.5%5.7%22.8%19.4%0.0%0.1%-2.5%20.9K-186.8K-2.9K0.00120.31N/AN/A00567235
2025-03-27$38.27$0.0025.7%6.1%22.3%29.4%28.7%-2.4%-0.1%18.8K-67.6K-2.7K0.00124.45N/AN/A01567235
2025-03-28$37.31$35.0024.0%6.2%23.9%25.4%0.0%-2.2%-0.8%11.0K162.9K-2.3K0.00118.17N/AN/A00567236
2025-03-31$37.58$35.0026.0%6.6%21.1%30.1%0.0%-0.6%-6.3%11.3K264.3K-2.1K0.00115.47N/AN/A00567236