CALX Options History — March 2023

In March 2023, CALX traded between $47.34 and $53.49. ATM implied volatility averaged 48.6%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 14.9% (HV 20d: 33.6%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 22 of 23 days. Put/call ratio averaged 1.91.

Notable Days

  • 2023-03-17: Highest Volume — 449 contracts
  • 2023-03-13: Largest IV spike — 25.4% change
  • 2023-03-13: Highest IV Rank — 54.6%
  • 2023-03-23: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.95$47.34$53.49$50.24$53.49
Max Pain$55.22$55.00$60.00$55.00$55.00
ATM IV48.6%39.9%70.3%46.8%39.9%
Expected Move13.5%11.4%15.2%13.4%11.4%
HV 20d33.6%25.3%40.8%29.5%38.1%
HV 60d52.6%51.2%53.7%52.5%53.4%
IV Rank10.8%0.0%54.6%3.7%0.0%
IV Percentile12.7%0.0%82.9%3.2%0.0%
Term Structure6.0%-0.5%12.6%-0.5%12.6%
VWIV45.9%40.0%54.0%46.2%40.0%
Skew 25d7.0%2.5%13.8%5.0%9.9%
Skew 10d10.8%-4.1%20.5%-2.7%17.1%
Call IV 25d43.5%38.0%47.7%44.4%38.0%
Put IV 25d50.5%45.8%56.7%49.4%48.0%
Bid-Ask Spread %75.4645.8191.6446.1789.16
Gamma HHI0.330.210.400.310.36
Net GEX45.9K-60.2K90.8K70.6K90.8K
Net DEX-54.7K-995.5K1.6M186.8K-959.4K
Net VEX-8.7K-11.0K-6.4K-9.4K-9.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.910.009.000.188.00
Total Volume84.34834495245
Total OI2,511.3481,7793,1472,7712,101

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$50.24$55.0046.8%13.4%29.5%3.7%46.2%5.0%-0.5%70.6K186.8K-9.4K0.1846.174481,984787
2023-03-02$50.16$55.0045.5%13.1%28.0%1.0%42.5%3.5%0.4%71.4K112.4K-9.0K0.1275.924252,001761
2023-03-03$50.63$55.0043.2%12.4%27.9%0.0%43.1%5.1%2.1%81.6K60.9K-9.0K0.1078.064142,002760
2023-03-06$50.05$60.0044.4%13.1%26.0%2.3%44.3%4.8%4.2%57.8K328.6K-7.6K1.0445.8126272,021753
2023-03-07$50.27$55.0044.4%12.7%26.1%2.3%42.5%6.2%5.9%60.9K207.7K-7.5K8.4451.899762,031743
2023-03-08$50.93$55.0045.6%13.0%25.3%4.9%45.3%6.3%4.6%85.2K7.2K-8.6K9.0049.173272,034804
2023-03-09$49.58$55.0048.7%13.3%26.9%11.0%47.8%5.5%3.8%24.2K623.1K-8.0K5.8655.677412,035847
2023-03-10$47.64$55.0056.0%13.2%29.4%25.8%46.1%6.5%5.4%-37.1K1.4M-6.9K3.5061.9422772,035884
2023-03-13$47.34$55.0070.3%14.9%28.3%54.6%49.6%8.3%3.0%-60.2K1.6M-6.4K0.3571.79153532,053916
2023-03-14$49.51$55.0052.9%13.4%33.3%19.5%44.1%8.7%5.2%-8.4K701.9K-7.3K0.1473.5481112,141923
2023-03-15$49.86$55.0050.1%14.4%32.6%13.9%50.2%8.4%4.0%5.4K402.8K-7.5K0.1483.874362,209922
2023-03-16$52.45$55.0048.3%13.8%37.8%10.2%45.6%4.7%7.9%88.7K-906.4K-7.7K0.4085.8342172,216921
2023-03-17$51.15$55.0049.6%14.2%38.8%12.9%54.0%7.7%6.7%27.0K-696.2K-7.5K0.3876.213251242,215932
2023-03-20$51.67$55.0049.8%14.3%38.1%13.3%44.6%9.7%6.4%41.2K-362.0K-9.6K0.0683.4616391,198581
2023-03-21$53.30$55.0044.2%12.7%38.7%1.9%48.2%8.8%8.3%69.4K-995.5K-11.0K0.4084.7388351,337587
2023-03-22$51.50$55.0045.3%13.0%40.8%4.2%46.7%5.2%8.2%46.0K-295.4K-9.4K2.2091.645111,309611
2023-03-23$51.54$55.0053.0%15.2%39.5%19.7%50.8%7.1%4.3%44.7K-343.6K-9.8K0.4387.1754231,311616
2023-03-24$51.79$55.0050.3%14.4%37.6%14.4%0.0%2.5%6.1%52.6K-426.1K-10.1K0.0091.38301,364646
2023-03-27$52.38$55.0046.8%13.4%37.7%7.2%43.6%7.0%10.4%59.6K-523.5K-9.5K1.8886.768151,364646
2023-03-28$51.70$55.0049.3%14.1%37.9%12.3%47.5%13.8%9.1%51.0K-350.5K-9.4K0.8489.6631261,366649
2023-03-29$52.27$55.0046.0%13.2%37.6%5.7%42.2%8.8%9.8%61.4K-477.6K-9.3K0.0189.9310211,388655
2023-03-30$52.34$55.0046.5%13.3%37.5%6.7%40.0%7.5%10.7%71.3K-604.1K-9.7K0.4085.80521,446656
2023-03-31$53.49$55.0039.9%11.4%38.1%0.0%0.0%9.9%12.6%90.8K-959.4K-9.9K8.0089.165401,448653