CALF Options History — July 2025

In July 2025, CALF traded between $40.20 and $41.94. ATM implied volatility averaged 22.2%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 5.0% (HV 20d: 17.1%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.01.

Notable Days

  • 2025-07-01: Highest Volume — 272 contracts
  • 2025-07-18: Largest IV drop — 22.7% change
  • 2025-07-02: Highest IV Rank — 23.1%
  • 2025-07-02: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.09$40.20$41.94$40.78$40.20
Max Pain$37.95$35.00$40.00$35.00$35.00
ATM IV22.2%17.7%26.9%22.6%21.9%
Expected Move6.2%5.1%7.7%6.5%6.3%
HV 20d17.1%14.6%18.8%15.6%17.9%
HV 60d22.1%18.3%36.0%36.0%18.5%
IV Rank12.6%2.9%23.1%13.8%11.9%
IV Percentile30.2%2.0%69.8%35.3%29.0%
Term Structure-1.2%-6.7%3.5%1.7%-3.2%
VWIV21.4%12.9%37.1%26.9%22.8%
Skew 25d1.4%-6.0%7.0%5.7%-6.0%
Skew 10d-0.3%-10.5%11.3%7.2%-10.5%
Call IV 25d20.9%15.7%28.8%23.3%25.3%
Put IV 25d22.3%19.3%30.5%29.0%19.3%
Bid-Ask Spread %127.28104.34134.79104.34131.17
Gamma HHI0.600.460.740.670.72
Net GEX94.4K27.1K174.5K27.1K46.8K
Net DEX-1.1M-1.7M-385.5K-385.5K-945.7K
Net VEX-3.3K-4.3K-918-918-3.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.010.000.100.000.00
Total Volume31.13602722722
Total OI540.545219737219410

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$40.78$35.0022.6%6.5%15.6%13.8%26.9%5.7%1.7%27.1K-385.5K-9180.00104.34N/AN/A272020811
2025-07-02$41.13$35.0026.9%7.7%14.6%23.1%0.0%1.7%-6.0%103.9K-799.0K-1.8K0.00105.71N/AN/A0047811
2025-07-03$41.47$40.0026.9%6.5%14.6%23.1%0.0%4.1%-1.8%117.6K-852.4K-1.7K0.00125.05N/AN/A9047811
2025-07-07$40.79$40.0026.9%6.1%16.1%22.9%12.9%7.0%0.3%113.1K-720.1K-1.5K0.00121.52N/AN/A252047411
2025-07-08$41.39$40.0024.6%6.2%16.2%17.8%0.0%1.9%-0.0%155.1K-1.5M-4.3K0.00127.18N/AN/A0072611
2025-07-09$41.30$40.0021.3%6.1%16.1%10.7%0.0%1.6%0.2%151.9K-1.5M-4.2K0.00130.90N/AN/A1072611
2025-07-10$41.83$40.0020.3%5.8%16.6%8.6%0.0%1.5%0.1%174.5K-1.7M-4.1K0.00126.74N/AN/A9072611
2025-07-11$41.31$40.0020.9%6.0%17.4%9.9%0.0%2.1%-0.3%153.6K-1.5M-4.0K0.00134.79N/AN/A1072211
2025-07-14$41.09$40.0022.1%6.3%17.3%12.4%0.0%2.4%-0.6%147.6K-1.4M-3.9K0.00134.54N/AN/A0072311
2025-07-15$40.47$40.0022.7%6.5%17.6%13.7%0.0%0.1%-6.7%131.7K-1.1M-3.7K0.10126.19N/AN/A20272311
2025-07-16$40.47$40.0022.8%6.5%16.9%13.9%18.9%1.3%-0.3%132.1K-1.1M-3.7K0.04132.61N/AN/A54272312
2025-07-17$40.84$40.0024.0%6.9%16.9%16.4%0.0%-0.1%-2.4%143.5K-1.2M-3.7K0.00133.59N/AN/A1072314
2025-07-18$40.59$40.0018.5%5.3%17.1%4.7%0.0%1.1%1.9%129.9K-1.1M-3.5K0.00131.24N/AN/A2072214
2025-07-21$40.50$40.0022.1%6.3%17.1%12.4%0.0%0.8%-3.9%41.4K-826.0K-3.5K0.00133.56N/AN/A403593
2025-07-22$41.36$40.0020.6%5.9%18.4%9.3%37.1%2.0%1.9%41.8K-882.3K-3.5K0.00132.18N/AN/A4003633
2025-07-23$41.94$35.0017.7%5.1%18.6%2.9%17.6%-0.5%3.5%43.7K-1.1M-3.4K0.00130.12N/AN/A304033
2025-07-24$41.45$35.0021.2%6.1%18.5%10.4%19.3%-2.5%-4.3%42.0K-1.1M-3.4K0.00130.88N/AN/A024063
2025-07-25$41.59$35.0021.0%6.0%18.4%10.0%0.0%2.0%-1.5%45.0K-1.1M-3.5K0.00133.09N/AN/A004063
2025-07-28$41.56$35.0019.8%5.7%18.5%7.5%0.0%6.0%-0.3%44.7K-1.1M-3.3K0.00111.30N/AN/A004063
2025-07-29$41.25$35.0021.4%6.1%18.8%11.0%15.4%3.0%-1.4%44.0K-1.1M-3.4K0.00130.57N/AN/A504063
2025-07-30$40.63$35.0021.8%6.3%17.9%11.8%22.8%-3.6%-3.3%45.3K-1.0M-3.4K0.00132.87N/AN/A404073
2025-07-31$40.20$35.0021.9%6.3%17.9%11.9%0.0%-6.0%-3.2%46.8K-945.7K-3.4K0.00131.17N/AN/A024073