Cal-Maine Foods, Inc. (CALM) Options Chain
The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.
Cal-Maine Foods, Inc. (CALM) operates in the Consumer Defensive sector, specifically the Agricultural Farm Products industry, with a market capitalization near $2.94B, listed on NASDAQ, employing roughly 4,836 people, carrying a beta of 0.23 to the broader market. Cal-Maine Foods, Inc. Led by Sherman L. Miller, public since 1996-12-12.
Snapshot as of Oct 13, 2026.
- Spot Price
- $62.74
- Total OI
- 17.3K
- Total Volume
- 686
- Front Expiration
- 38 days
- Second Expiration
- 129 days
- ATM IV
- 153.9%
- Avg Bid/Ask Spread
- 35.61%
As of Oct 13, 2026, Cal-Maine Foods, Inc. (CALM) has 17.3K open contracts and 686 contracts traded. The nearest expiration is 38 days out, followed by 129 days. ATM implied volatility is 153.9%. Average bid/ask spread across the chain is 35.61%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How CALM options chain Data Feeds Strategy Selection
Strategy selection on Cal-Maine Foods, Inc. options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 153.9% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the CALM chain depth
The listed-expirations table below shows every expiration available for Cal-Maine Foods, Inc. options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. CALM front expiration sits at 38 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.045 means longer-dated tenors price in proportionally more IV.
CALM chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the CALM chain is 35.61% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the CALM chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. CALM's current 44.12% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
CALM listed expirations
Per-expiration ATM implied volatility for CALM options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Oct 16, 2026 | 3 | 36.3% |
| Nov 20, 2026 | 38 | 32.9% |
| Feb 19, 2027 | 129 | 37.4% |
| May 21, 2027 | 220 | 38.8% |
| Jan 21, 2028 | 465 | 36.4% |
| Jan 19, 2029 | 829 | 37.2% |
CALM most-active contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $70.00 | Oct 16, 2026 | 0 | 290 | 955.5% | $6.30 | $8.00 |
| CALL | $65.00 | Oct 16, 2026 | 11 | 326 | 782.7% | $0.15 | $0.30 |
| PUT | $65.00 | Oct 16, 2026 | 11 | 403 | 782.7% | $1.55 | $2.80 |
| CALL | $75.00 | Feb 19, 2027 | 246 | 239 | 36.0% | $1.40 | $2.20 |
Top 4 contracts from the institutional-grade nightly options scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.
Frequently asked CALM options chain questions
- What does the CALM options chain show right now?
- As of Oct 13, 2026, Cal-Maine Foods, Inc. (CALM) has 17.3K contracts outstanding and 686 traded today, with ATM IV of 153.9%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for CALM options?
- The nearest expiration is 38 days out, followed by 129 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are CALM options bid/ask spreads?
- Average bid/ask spread across the chain is 35.61%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.