CALF Options History — December 2025

In December 2025, CALF traded between $44.42 and $45.83. ATM implied volatility averaged 20.7%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 6.2% (HV 20d: 14.5%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-12-03: Highest Volume — 24 contracts
  • 2025-12-05: Largest IV spike — 37.5% change
  • 2025-12-08: Highest IV Rank — 28.3%
  • 2025-12-02: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.14$44.42$45.83$44.50$44.42
Max Pain$40.41$40.00$43.00$41.00$43.00
ATM IV20.7%17.7%29.6%22.0%21.5%
Expected Move5.7%4.7%7.0%6.3%6.2%
HV 20d14.5%8.4%18.5%18.5%9.5%
HV 60d16.1%15.8%16.4%16.3%15.9%
IV Rank8.9%2.4%28.3%11.8%10.0%
IV Percentile24.7%2.0%86.5%36.9%35.3%
Term Structure-0.1%-11.3%5.1%3.7%-5.7%
VWIV18.0%7.9%26.2%23.7%26.2%
Skew 25d4.8%0.1%11.3%9.1%0.3%
Skew 10d2.4%-0.3%5.4%2.0%0.7%
Call IV 25d16.8%8.7%24.2%14.8%22.5%
Put IV 25d21.5%19.0%28.5%23.9%22.8%
Bid-Ask Spread %131.86118.51139.00127.56139.00
Gamma HHI0.230.160.370.220.30
Net GEX31.5K16.2K49.6K29.5K16.2K
Net DEX-864.5K-1.1M-180.8K-809.0K-180.8K
Net VEX-792-1.1K-580-1.0K-580
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.77302412
Total OI270.909104313268104

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$44.50$41.0022.0%6.3%18.5%11.8%0.0%9.1%3.7%29.5K-809.0K-1.0K0.00127.56N/AN/A1025612
2025-12-02$44.55$41.0024.5%7.0%18.4%17.2%23.7%4.3%-11.3%31.5K-817.5K-9180.00129.25N/AN/A2025712
2025-12-03$45.06$41.0020.8%6.0%17.9%9.1%21.7%4.0%-1.2%33.4K-881.1K-7320.00118.51N/AN/A24025912
2025-12-04$44.94$40.0018.4%4.7%17.6%4.0%0.0%3.8%5.1%25.5K-927.6K-8390.00130.25N/AN/A5028312
2025-12-05$45.23$40.0025.4%5.6%17.5%19.1%19.7%7.6%1.8%35.4K-940.3K-1.1K0.00130.55N/AN/A14028812
2025-12-08$44.97$40.0029.6%5.7%17.6%28.3%0.0%9.8%1.3%38.5K-941.5K-1.1K0.00132.71N/AN/A0029812
2025-12-09$45.03$40.0024.1%5.8%17.5%16.3%0.0%10.0%1.9%40.1K-925.4K-9920.00132.55N/AN/A0029812
2025-12-10$45.59$40.0017.7%5.1%17.7%2.4%0.0%2.2%2.0%36.4K-1.0M-8190.00121.96N/AN/A13029812
2025-12-11$45.83$40.0018.6%5.3%17.7%4.4%15.1%1.7%2.1%41.7K-1.1M-7900.00126.71N/AN/A5029912
2025-12-12$45.58$40.0017.8%5.1%17.3%2.6%15.3%2.7%2.8%38.2K-1.0M-8780.00129.81N/AN/A1030012
2025-12-15$45.50$40.0018.3%5.3%17.2%3.8%10.3%5.3%3.4%38.6K-1.0M-8240.00128.71N/AN/A2030112
2025-12-16$45.14$40.0019.4%5.6%15.7%6.0%0.0%1.8%1.7%40.7K-972.6K-8520.00130.54N/AN/A0030112
2025-12-17$45.27$40.0018.4%5.3%15.6%4.0%0.0%7.7%1.6%42.7K-991.6K-7760.00133.09N/AN/A0030112
2025-12-18$45.17$40.0018.8%5.4%15.3%4.9%0.0%9.7%-1.2%49.6K-977.6K-7520.00132.64N/AN/A0030112
2025-12-19$45.27$40.0018.6%5.3%13.5%4.3%0.0%7.6%1.8%43.7K-992.0K-6970.00136.42N/AN/A9030112
2025-12-22$45.38$40.0018.5%5.3%10.2%4.2%7.9%11.3%-0.5%17.0K-870.1K-6290.00136.72N/AN/A402367
2025-12-23$45.16$40.0017.9%5.1%10.5%2.8%0.0%1.3%-0.9%18.7K-863.1K-6500.00136.62N/AN/A002407
2025-12-24$45.28$40.0021.0%6.0%8.6%9.5%0.0%2.0%-0.2%23.3K-863.3K-6970.00135.73N/AN/A002407
2025-12-26$45.27$40.0021.1%6.0%8.4%9.8%0.0%1.6%-0.7%18.5K-870.1K-6360.00137.81N/AN/A002407
2025-12-29$45.11$40.0021.1%6.0%8.5%9.8%21.7%0.1%-2.5%17.8K-860.4K-6070.00136.77N/AN/A012407
2025-12-30$44.75$43.0021.8%6.3%9.1%11.3%0.0%1.1%-7.2%16.6K-197.8K-6040.00137.08N/AN/A00968
2025-12-31$44.42$43.0021.5%6.2%9.5%10.0%26.2%0.3%-5.7%16.2K-180.8K-5800.00139.00N/AN/A20968