CALF Options History — April 2025

In April 2025, CALF traded between $31.59 and $38.25. ATM implied volatility averaged 34.6%, placing in the 44.5% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 20.5% (HV 20d: 55.0%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.23.

Notable Days

  • 2025-04-04: Highest Volume — 70 contracts
  • 2025-04-09: Largest IV drop — 44.2% change
  • 2025-04-07: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.78$31.59$38.25$37.69$35.52
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV34.6%23.3%62.6%26.0%23.3%
Expected Move9.0%6.7%12.9%6.7%6.7%
HV 20d55.0%21.1%65.0%21.1%64.6%
HV 60d34.9%18.4%40.3%18.4%40.2%
IV Rank44.5%19.9%100.0%30.2%19.9%
IV Percentile81.7%44.0%100.0%69.8%44.0%
Term Structure-2.7%-9.5%4.7%-5.0%3.2%
VWIV25.7%18.6%32.2%30.5%21.5%
Skew 25d5.5%-7.0%23.8%2.0%-7.0%
Skew 10d2.4%-10.7%10.6%-9.8%-10.7%
Call IV 25d26.9%19.0%34.0%26.9%27.6%
Put IV 25d32.5%20.6%52.7%28.9%20.6%
Bid-Ask Spread %123.13111.68137.41118.97120.70
Gamma HHI0.340.250.520.370.36
Net GEX12.0K5.2K18.1K11.0K16.2K
Net DEX201.2K-117.3K578.6K209.8K-89.0K
Net VEX-1.0K-2.4K-603-2.1K-825
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.002.500.050.00
Total Volume8.95207022
Total OI559.857184823803225

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$37.69$35.0026.0%6.7%21.1%30.2%30.5%2.0%-5.0%11.0K209.8K-2.1K0.00118.97N/AN/A02567236
2025-04-02$38.25$35.0029.5%6.7%21.7%38.8%0.0%1.3%-0.8%15.9K21.3K-2.4K0.00122.70N/AN/A00567238
2025-04-03$35.19$35.0040.8%8.4%36.9%65.9%0.0%2.2%-5.6%9.5K551.8K-1.3K0.05127.51N/AN/A573567238
2025-04-04$33.69$35.0049.4%10.6%39.0%86.8%0.0%7.8%-6.5%6.8K551.8K-1.2K2.50132.43N/AN/A2050564240
2025-04-07$32.84$35.0062.6%12.2%39.6%100.0%0.0%15.1%-8.1%7.4K525.2K-1.2K0.00135.18N/AN/A02584239
2025-04-08$31.59$35.0058.6%12.9%41.0%91.8%0.0%23.8%-9.5%5.2K578.6K-8330.00111.68N/AN/A00584231
2025-04-09$35.36$35.0032.7%9.4%59.5%39.0%32.2%6.9%-4.9%18.1K275.4K-1.5K0.00137.41N/AN/A30584181
2025-04-10$33.14$35.0041.5%11.9%63.3%57.0%0.0%2.8%-8.1%11.3K400.2K-9850.00119.63N/AN/A50587181
2025-04-11$34.02$35.0036.9%10.6%63.8%47.6%0.0%11.5%-4.8%10.7K480.4K-8010.00111.99N/AN/A00592180
2025-04-14$34.44$35.0031.4%9.0%63.6%36.4%0.0%5.8%-2.7%13.4K322.6K-7640.00126.02N/AN/A01592130
2025-04-15$34.14$35.0029.7%8.5%63.6%32.9%0.0%5.1%-0.1%10.8K339.6K-6450.00121.44N/AN/A01592129
2025-04-16$33.73$35.0029.9%8.6%63.1%33.4%0.0%3.0%-0.3%10.8K314.1K-6950.00133.32N/AN/A01592128
2025-04-17$34.42$35.0031.2%8.9%63.8%36.0%0.0%2.8%4.7%11.9K329.5K-7120.00125.65N/AN/A00592128
2025-04-21$33.68$35.0038.4%11.0%64.0%50.7%18.6%12.5%-5.0%5.3K-13.1K-6030.00120.13N/AN/A29016519
2025-04-22$34.53$35.0029.8%8.5%63.9%33.2%0.0%7.3%-3.1%11.2K-60.5K-7890.00122.61N/AN/A4019419
2025-04-23$34.81$35.0028.0%8.0%64.1%29.6%0.0%10.8%-0.3%13.3K-77.7K-7560.00116.83N/AN/A1019819
2025-04-24$35.66$35.0025.4%7.3%65.0%24.3%0.0%5.0%3.7%14.7K-104.1K-8870.00121.45N/AN/A0019919
2025-04-25$35.72$35.0026.0%7.4%65.0%25.4%0.0%3.4%0.8%15.4K-105.2K-8760.00121.75N/AN/A1019919
2025-04-28$35.86$35.0028.2%8.1%64.5%29.8%0.0%-3.3%-1.7%16.1K-107.9K-8540.00119.26N/AN/A1020019
2025-04-29$36.05$35.0026.3%7.5%64.5%26.1%0.0%-2.5%-1.7%17.7K-117.3K-8890.00119.12N/AN/A5020119
2025-04-30$35.52$35.0023.3%6.7%64.6%19.9%21.5%-7.0%3.2%16.2K-89.0K-8250.00120.70N/AN/A2020619