CALX Options History — April 2014

In April 2014, CALX traded between $8.10 and $9.10. ATM implied volatility averaged 48.9%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 16.5% (HV 20d: 32.4%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.44.

Notable Days

2014-04-22: Highest Volume — 1,052 contracts
2014-04-30: Largest IV drop — 38.7% change
2014-04-21: Highest IV Rank — 60.5%
2014-04-21: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.51	$8.10	$9.10	$8.56	$8.81
Max Pain	$7.86	$7.50	$10.00	$10.00	$7.50
ATM IV	48.9%	36.4%	59.4%	40.4%	36.4%
Expected Move	13.9%	10.4%	17.0%	11.6%	10.4%
HV 20d	32.4%	26.5%	43.2%	33.5%	43.2%
HV 60d	35.5%	32.6%	39.4%	39.2%	38.4%
IV Rank	39.9%	15.6%	60.5%	23.4%	15.6%
IV Percentile	56.0%	11.5%	93.3%	17.9%	11.5%
Term Structure	-0.3%	-9.8%	18.5%	-0.4%	13.0%
VWIV	49.9%	44.3%	55.4%	49.9%	46.0%
Skew 25d	8.5%	-19.4%	34.3%	12.4%	5.1%
Skew 10d	33.7%	-20.5%	105.5%	12.5%	6.7%
Call IV 25d	44.7%	31.7%	63.6%	33.5%	32.9%
Put IV 25d	53.2%	36.6%	70.8%	45.9%	38.0%
Bid-Ask Spread %	90.77	28.43	107.68	102.24	94.93
Gamma HHI	0.78	0.41	0.94	0.73	0.63
Net GEX	-8.0K	-12.5K	7.9K	-11.1K	-1.4K
Net DEX	171.5K	-1.1M	564.0K	469.2K	-520.1K
Net VEX	-2.6K	-5.7K	-1.8K	-2.1K	-3.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.00	5.00	0.00	0.00
Total Volume	122.143	0	1,052	5	37
Total OI	2,582.667	1,499	3,568	2,595	2,648

Daily Data (21 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 Vol	Put Vol	Call OI	Put OI
2014-04-01	$8.56	$10.00	40.4%	11.6%	33.5%	23.4%	0.0%	12.4%	-0.4%	-11.1K	469.2K	-2.1K	0.00	102.24	5	0	975	1,620
2014-04-02	$8.67	$10.00	40.3%	11.5%	33.3%	23.2%	0.0%	16.8%	-0.7%	-11.0K	442.4K	-2.2K	5.00	101.66	5	25	980	1,620
2014-04-03	$8.52	$10.00	44.1%	12.6%	28.1%	30.6%	0.0%	9.6%	-6.3%	-11.1K	483.5K	-2.2K	0.00	101.73	0	0	985	1,645
2014-04-04	$8.31	$7.50	46.1%	14.2%	29.2%	34.4%	0.0%	-3.8%	0.1%	-10.9K	513.7K	-2.1K	0.00	88.86	5	0	985	1,645
2014-04-07	$8.43	$7.50	48.2%	12.5%	28.6%	38.6%	0.0%	-2.5%	9.6%	-11.4K	506.4K	-2.1K	0.00	28.43	27	0	990	1,645
2014-04-08	$8.39	$7.50	45.6%	14.9%	28.4%	33.5%	49.9%	2.4%	-4.9%	-10.7K	503.5K	-2.1K	0.00	91.05	24	0	1,007	1,645
2014-04-09	$8.56	$7.50	57.5%	13.4%	27.5%	56.6%	54.0%	2.0%	8.5%	-11.2K	472.3K	-2.1K	0.91	89.16	11	10	1,011	1,645
2014-04-10	$8.32	$7.50	41.8%	12.0%	28.3%	26.2%	50.6%	-1.4%	12.2%	-11.1K	519.4K	-2.1K	0.00	92.16	0	54	1,022	1,655
2014-04-11	$8.32	$7.50	43.8%	12.6%	28.2%	30.1%	0.0%	0.8%	12.6%	-11.5K	517.0K	-2.1K	0.00	92.82	0	0	1,022	1,705
2014-04-14	$8.23	$7.50	53.0%	15.2%	27.2%	48.0%	0.0%	16.7%	-7.0%	-11.7K	528.5K	-2.1K	0.00	90.13	1	0	1,022	1,705
2014-04-15	$8.14	$7.50	56.0%	16.1%	26.9%	53.8%	0.0%	34.3%	-9.8%	-12.0K	560.3K	-2.0K	0.00	88.94	0	0	1,022	1,705
2014-04-16	$8.10	$7.50	55.0%	15.8%	26.5%	51.9%	55.3%	21.8%	-9.1%	-12.3K	564.0K	-2.0K	0.76	88.87	70	53	1,011	1,705
2014-04-17	$8.18	$7.50	57.3%	16.4%	27.0%	56.3%	0.0%	31.3%	-9.1%	-12.0K	551.4K	-2.0K	0.09	90.02	22	2	1,011	1,708
2014-04-21	$8.22	$7.50	59.4%	17.0%	27.1%	60.5%	0.0%	24.4%	-7.2%	-12.5K	320.6K	-1.9K	0.00	92.84	10	0	294	1,205
2014-04-22	$8.89	$7.50	47.4%	13.6%	39.3%	37.1%	55.4%	6.9%	-8.5%	-11.3K	197.2K	-1.8K	0.00	93.48	1,052	0	304	1,205
2014-04-23	$8.78	$7.50	48.6%	13.9%	39.2%	39.4%	46.0%	-19.4%	-9.3%	-706	-473.8K	-3.7K	0.00	90.49	2	0	1,356	1,205
2014-04-24	$9.10	$7.50	56.3%	16.1%	38.8%	54.4%	44.3%	-14.8%	-8.9%	-1.0K	-543.4K	-3.6K	0.00	88.82	70	0	1,346	1,205
2014-04-25	$8.99	$7.50	45.3%	13.0%	38.1%	33.0%	0.0%	19.5%	18.5%	-50	-562.6K	-3.7K	0.00	107.68	1,000	0	1,406	1,205
2014-04-28	$8.70	$7.50	44.8%	12.8%	40.0%	31.9%	0.0%	10.8%	-0.4%	7.9K	-1.1M	-5.7K	0.00	100.74	30	0	2,363	1,205
2014-04-29	$8.46	$7.50	59.4%	17.0%	41.1%	60.4%	47.8%	4.9%	0.1%	-1.1K	-384.5K	-3.8K	0.67	91.06	30	20	1,393	1,205
2014-04-30	$8.81	$7.50	36.4%	10.4%	43.2%	15.6%	46.0%	5.1%	13.0%	-1.4K	-520.1K	-3.5K	0.00	94.93	37	0	1,423	1,225