CALF Options History — June 2025

In June 2025, CALF traded between $38.39 and $39.86. ATM implied volatility averaged 22.0%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 4.6% (HV 20d: 17.4%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.34.

Notable Days

2025-06-27: Highest Volume — 21 contracts
2025-06-30: Largest IV spike — 28.2% change
2025-06-10: Highest IV Rank — 25.5%
2025-06-02: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.44	$38.39	$39.86	$38.39	$39.84
Max Pain	$39.30	$35.00	$40.00	$37.00	$35.00
ATM IV	22.0%	18.6%	26.0%	25.9%	24.3%
Expected Move	6.1%	4.8%	7.4%	7.4%	7.0%
HV 20d	17.4%	13.8%	22.5%	21.7%	13.8%
HV 60d	40.5%	39.8%	41.0%	40.9%	39.8%
IV Rank	16.9%	7.6%	25.5%	25.4%	18.8%
IV Percentile	30.4%	5.6%	64.7%	63.1%	50.8%
Term Structure	-0.3%	-8.1%	7.1%	-0.2%	-8.1%
VWIV	28.3%	21.7%	40.5%	25.5%	40.5%
Skew 25d	3.5%	-2.2%	11.4%	0.4%	2.7%
Skew 10d	-1.2%	-10.3%	8.0%	-6.3%	-10.3%
Call IV 25d	20.9%	18.0%	26.3%	24.1%	24.0%
Put IV 25d	24.4%	20.0%	32.0%	24.5%	26.7%
Bid-Ask Spread %	117.14	104.85	128.95	125.18	114.61
Gamma HHI	0.65	0.54	0.78	0.59	0.76
Net GEX	21.5K	15.9K	27.3K	15.9K	27.3K
Net DEX	-214.2K	-290.5K	-122.1K	-122.1K	-290.5K
Net VEX	-935	-983	-839	-839	-918
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.00	2.00	1.00	0.00
Total Volume	3.5	0	21	4	0
Total OI	202.25	193	219	193	219

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$38.39	$37.00	25.9%	7.4%	21.7%	25.4%	25.5%	0.4%	-0.2%	15.9K	-122.1K	-839	1.00	125.18	N/A	N/A	2	2	175	18
2025-06-03	$39.11	$37.00	21.2%	6.1%	22.4%	15.6%	0.0%	7.3%	3.3%	17.7K	-152.2K	-889	0.00	120.09	N/A	N/A	1	0	176	19
2025-06-04	$39.00	$37.00	23.4%	6.7%	22.4%	20.2%	0.0%	-2.2%	-2.4%	17.7K	-178.4K	-930	0.00	128.95	N/A	N/A	2	0	177	19
2025-06-05	$38.88	$40.00	23.0%	6.4%	22.5%	19.3%	0.0%	1.1%	-0.1%	17.9K	-161.3K	-924	0.00	119.98	N/A	N/A	0	0	178	19
2025-06-06	$39.41	$40.00	23.4%	6.6%	21.5%	20.3%	0.0%	0.7%	-1.5%	18.2K	-193.0K	-958	0.00	119.99	N/A	N/A	0	2	178	19
2025-06-09	$39.72	$40.00	25.3%	4.8%	21.5%	24.0%	0.0%	1.4%	0.7%	18.4K	-224.0K	-979	2.00	120.29	N/A	N/A	2	4	178	21
2025-06-10	$39.81	$40.00	26.0%	5.7%	17.0%	25.5%	0.0%	4.0%	-0.6%	19.9K	-224.7K	-965	0.00	118.46	N/A	N/A	1	0	180	21
2025-06-11	$39.80	$40.00	20.2%	5.8%	15.9%	13.6%	0.0%	3.0%	-1.1%	20.3K	-220.2K	-949	0.00	118.22	N/A	N/A	0	0	181	21
2025-06-12	$39.55	$40.00	18.6%	5.3%	15.5%	10.4%	25.5%	4.1%	-0.0%	18.9K	-201.9K	-945	0.70	119.66	N/A	N/A	10	7	181	21
2025-06-13	$39.05	$40.00	21.5%	6.2%	16.2%	16.2%	0.0%	2.9%	1.8%	22.1K	-225.4K	-983	0.00	115.77	N/A	N/A	0	0	191	14
2025-06-16	$39.66	$40.00	19.6%	5.6%	16.9%	12.4%	0.0%	3.3%	1.1%	23.7K	-242.3K	-969	0.00	122.43	N/A	N/A	1	0	191	14
2025-06-17	$39.41	$40.00	21.6%	6.2%	16.8%	16.5%	0.0%	2.6%	-2.1%	22.4K	-236.4K	-960	0.00	116.76	N/A	N/A	0	0	192	14
2025-06-18	$39.55	$40.00	20.0%	5.7%	16.9%	13.2%	0.0%	11.4%	7.1%	21.8K	-242.3K	-975	0.00	115.28	N/A	N/A	0	0	192	14
2025-06-20	$39.43	$40.00	20.3%	5.8%	15.0%	13.9%	0.0%	2.8%	3.1%	23.8K	-230.1K	-923	0.00	121.77	N/A	N/A	5	0	192	14
2025-06-23	$39.39	$40.00	23.6%	6.8%	15.0%	20.5%	0.0%	6.1%	0.3%	23.1K	-200.0K	-887	0.00	104.85	N/A	N/A	0	0	187	11
2025-06-24	$39.86	$40.00	19.4%	5.6%	15.2%	12.0%	21.7%	6.3%	-3.9%	23.3K	-231.9K	-919	0.00	109.50	N/A	N/A	6	0	187	11
2025-06-25	$39.39	$40.00	23.4%	6.7%	14.0%	20.2%	0.0%	4.8%	-0.6%	23.6K	-228.2K	-929	0.00	106.87	N/A	N/A	4	0	193	11
2025-06-26	$39.70	$40.00	19.9%	5.7%	14.0%	13.0%	0.0%	3.9%	-1.7%	27.2K	-230.0K	-930	0.00	110.13	N/A	N/A	0	0	197	11
2025-06-27	$39.75	$40.00	18.9%	5.4%	14.0%	7.6%	40.5%	2.6%	-0.8%	26.6K	-248.5K	-935	0.00	113.93	N/A	N/A	21	0	197	11
2025-06-30	$39.84	$35.00	24.3%	7.0%	13.8%	18.8%	0.0%	2.7%	-8.1%	27.3K	-290.5K	-918	0.00	114.61	N/A	N/A	0	0	208	11