CALX Options History — May 2023

In May 2023, CALX traded between $42.62 and $47.02. ATM implied volatility averaged 41.3%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 7.2% (HV 20d: 34.2%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.82.

Notable Days

  • 2023-05-05: Highest Volume — 653 contracts
  • 2023-05-09: Largest IV spike — 37.7% change
  • 2023-05-30: Highest IV Rank — 25.7%
  • 2023-05-30: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.53$42.62$47.02$45.67$46.50
Max Pain$45.68$45.00$50.00$50.00$45.00
ATM IV41.3%31.8%45.4%39.6%44.6%
Expected Move12.0%11.4%13.0%11.4%12.8%
HV 20d34.2%25.2%42.3%40.9%25.2%
HV 60d36.3%35.7%36.8%36.1%36.5%
IV Rank14.9%0.0%25.7%0.7%24.1%
IV Percentile4.6%0.0%14.3%0.4%11.9%
Term Structure-0.1%-3.5%1.5%1.5%-1.3%
VWIV41.5%36.0%47.6%39.7%40.9%
Skew 25d6.2%2.6%13.2%8.6%6.3%
Skew 10d11.6%-5.3%25.1%11.1%20.0%
Call IV 25d40.0%36.2%44.1%38.0%41.1%
Put IV 25d46.2%42.2%53.8%46.5%47.4%
Bid-Ask Spread %61.7030.6787.0085.4430.67
Gamma HHI0.630.270.820.330.82
Net GEX190.9K5.0K398.6K72.8K337.8K
Net DEX-1.1M-4.6M1.0M210.8K-2.5M
Net VEX-11.5K-16.7K-6.6K-8.6K-13.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.006.330.760.09
Total Volume174.091126533012
Total OI4,247.5913,2345,7263,2343,650

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$45.67$50.0039.6%11.4%40.9%0.7%39.7%8.6%1.5%72.8K210.8K-8.6K0.7685.4417132,525709
2023-05-02$43.89$50.0042.5%12.2%42.3%6.8%42.6%8.4%-1.2%28.1K751.1K-7.5K0.7686.0517132,536723
2023-05-03$43.05$50.0041.7%12.0%38.6%5.2%41.7%12.4%-0.6%5.0K1.0M-6.6K0.0685.999862,547726
2023-05-04$43.01$45.0044.6%12.6%38.1%11.5%39.5%9.0%1.4%21.2K854.8K-6.8K0.0073.2336102,621715
2023-05-05$42.84$45.0039.9%12.0%38.2%1.2%44.9%2.8%0.8%29.2K810.9K-7.4K0.0174.7664492,932713
2023-05-08$42.70$45.0031.8%11.9%37.3%0.0%43.9%4.2%0.2%71.9K229.0K-8.9K0.0648.00498293,508662
2023-05-09$43.02$45.0043.8%12.1%35.5%22.4%44.9%3.1%0.1%108.9K-161.0K-10.7K0.0376.1218753,854683
2023-05-10$43.16$45.0041.7%12.0%33.3%18.5%44.0%2.6%0.4%124.5K-291.9K-11.2K0.0075.8134314,028688
2023-05-11$42.62$45.0040.8%11.7%32.6%16.6%36.0%3.6%0.8%122.4K5.4K-10.4K0.0087.0031214,363687
2023-05-12$43.17$45.0039.9%11.4%32.6%15.3%42.1%6.1%1.2%173.1K-304.4K-11.3K0.0540.4612974,649687
2023-05-15$44.55$45.0040.5%11.6%35.1%16.4%41.5%5.7%1.3%280.2K-1.6M-13.8K0.3041.25131394,743693
2023-05-16$45.04$45.0041.2%11.8%34.3%17.7%39.2%8.1%0.9%339.4K-1.9M-13.9K0.0753.38161124,848722
2023-05-17$46.00$45.0041.1%11.8%35.4%17.5%40.4%5.8%0.6%398.6K-3.2M-15.5K0.1941.43129244,922724
2023-05-18$47.02$45.0040.7%11.7%35.8%16.7%37.0%5.2%0.1%365.3K-4.6M-16.7K0.0054.5710504,958742
2023-05-19$45.82$45.0039.9%11.4%36.8%15.2%38.0%5.1%-0.2%265.4K-3.4M-14.7K0.0651.396544,984742
2023-05-22$46.18$45.0039.8%11.4%36.2%15.1%37.1%5.6%0.3%297.8K-2.2M-14.5K0.0533.403922,836583
2023-05-23$45.23$45.0041.0%11.8%29.9%17.3%41.2%4.2%-0.8%240.9K-1.6M-13.4K2.4274.7312292,907585
2023-05-24$44.70$45.0042.5%12.2%28.5%20.1%42.6%5.2%-1.1%207.7K-1.0M-12.1K1.0384.6735362,910608
2023-05-25$44.49$45.0042.0%12.0%28.5%19.2%42.0%13.2%-0.5%198.2K-967.6K-12.0K6.3366.536382,926617
2023-05-26$45.38$45.0044.5%12.8%28.5%23.9%45.2%5.0%-3.4%249.0K-1.6M-12.7K3.5845.8626932,930627
2023-05-30$45.58$45.0045.4%13.0%28.5%25.7%47.6%5.7%-3.5%262.1K-1.6M-12.1K2.1646.6045972,950684
2023-05-31$46.50$45.0044.6%12.8%25.2%24.1%40.9%6.3%-1.3%337.8K-2.5M-13.1K0.0930.671112,974676