Calumet Specialty Stock Options
| CLMT Stock | USD 15.76 2.64 14.35% |
Calumet Specialty's latest option contracts expiring on March 21st 2025 are carrying combined implied volatility of 0.75 with a put-to-call open interest ratio of 0.01 over 33 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on March 21st 2025. The total put volume is at 143, with calls trading at the volume of 1.9 K. This yields a 0.08 put-to-call volume ratio.
Open Interest Against March 21st 2025 Option Contracts
Calumet Specialty option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Calumet Specialty's lending market. For example, when Calumet Specialty's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Calumet Specialty, he or she must hedge the risk by shorting Calumet Specialty stock over its option's life.
2025-03-21
The chart above shows Calumet Specialty's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Calumet Specialty's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Calumet Specialty's option, there is no secondary market available for investors to trade.
Calumet Specialty Maximum Pain Price Across 2025-03-21 Option Contracts
Max pain occurs when Calumet Specialty's market makers reach a net positive position across all Calumet Specialty's options at a strike price where option holders stand to lose the most money. By contrast, Calumet Specialty's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Calumet Specialty
Analyzing Calumet Specialty's in-the-money options over time can help investors to take a profitable long position in Calumet Specialty regardless of its overall volatility. This is especially true when Calumet Specialty's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Calumet Specialty's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Calumet Specialty's stock while costing only a fraction of its price.
Calumet Specialty In The Money Call Balance
When Calumet Specialty's strike price is surpassing the current stock price, the option contract against Calumet Specialty Products stock is said to be in the money. When it comes to buying Calumet Specialty's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Calumet Specialty Products are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Calumet Current Options Market Mood
Calumet Specialty's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Calumet Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Calumet Specialty's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Calumet Specialty's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current Calumet contract
Base on the Rule 16, the options market is currently suggesting that Calumet Specialty Products will have an average daily up or down price movement of about 0.0469% per day over the life of the 2025-03-21 option contract. With Calumet Specialty trading at USD 15.76, that is roughly USD 0.007388. If you think that the market is fully incorporating Calumet Specialty's daily price movement you should consider buying Calumet Specialty Products options at the current volatility level of 0.75%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
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Purchasing Calumet Specialty options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Calumet calls. Remember, the seller must deliver Calumet Specialty Products stock to the call owner when a call is exercised.
Calumet Specialty Option Chain
When Calumet Specialty's strike price is surpassing the current stock price, the option contract against Calumet Specialty Products stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Calumet Specialty's option chain is a display of a range of information that helps investors for ways to trade options on Calumet. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Calumet. It also shows strike prices and maturity days for a Calumet Specialty against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Strike Price | Current Spread | Last Price | |||
Call | CLMT250321C00018000 | 65 | 18.0 | 2.05 - 2.55 | 2.2 | In |
Call | CLMT250321C00019000 | 51 | 19.0 | 1.8 - 2.1 | 2.29 | Out |
Call | CLMT250321C00020000 | 475 | 20.0 | 1.15 - 1.6 | 1.4 | Out |
Call | CLMT250321C00021000 | 2 | 21.0 | 1.1 - 1.25 | 1.19 | Out |
Call | CLMT250321C00022000 | 50 | 22.0 | 0.85 - 1.0 | 0.75 | Out |
Call | CLMT250321C00023000 | 207 | 23.0 | 0.65 - 0.75 | 0.8 | Out |
Call | CLMT250321C00024000 | 7100 | 24.0 | 0.35 - 0.6 | 0.46 | Out |
Call | CLMT250321C00025000 | 3181 | 25.0 | 0.35 - 0.45 | 0.35 | Out |
Call | CLMT250321C00026000 | 311 | 26.0 | 0.25 - 0.35 | 0.45 | Out |
Call | CLMT250321C00027000 | 30 | 27.0 | 0.15 - 0.35 | 0.4 | Out |
Call | CLMT250321C00028000 | 25 | 28.0 | 0.0 - 0.2 | 0.95 | Out |
Call | CLMT250321C00029000 | 7009 | 29.0 | 0.05 - 0.15 | 0.11 | Out |
Call | CLMT250321C00030000 | 3244 | 30.0 | 0.0 - 0.75 | 0.43 | Out |
Call | CLMT250321C00031000 | 0 | 31.0 | 0.0 - 0.75 | 0.75 | |
Call | CLMT250321C00032000 | 0 | 32.0 | 0.0 - 0.75 | 0.75 | |
Call | CLMT250321C00033000 | 0 | 33.0 | 0.0 - 0.75 | 0.75 | |
Put | CLMT250321P00015000 | 14 | 15.0 | 0.6 - 0.75 | 0.9 | Out |
Put | CLMT250321P00016000 | 2 | 16.0 | 0.9 - 1.05 | 0.65 | Out |
Put | CLMT250321P00017000 | 25 | 17.0 | 1.3 - 1.45 | 1.63 | Out |
Put | CLMT250321P00018000 | 30 | 18.0 | 1.75 - 1.9 | 2.15 | Out |
Put | CLMT250321P00019000 | 12 | 19.0 | 2.25 - 2.45 | 2.15 | In |
Put | CLMT250321P00020000 | 35 | 20.0 | 2.55 - 3.1 | 3.1 | In |
Put | CLMT250321P00023000 | 70 | 23.0 | 5.0 - 5.3 | 5.23 | In |
Put | CLMT250321P00024000 | 0 | 24.0 | 5.8 - 6.2 | 5.8 | In |
Put | CLMT250321P00025000 | 2 | 25.0 | 6.5 - 7.1 | 6.43 | In |
Put | CLMT250321P00026000 | 0 | 26.0 | 7.3 - 8.1 | 7.3 | In |
Put | CLMT250321P00027000 | 0 | 27.0 | 8.3 - 9.1 | 8.3 | In |
Put | CLMT250321P00028000 | 0 | 28.0 | 9.5 - 10.0 | 9.5 | In |
Put | CLMT250321P00029000 | 0 | 29.0 | 10.2 - 11.1 | 10.2 | In |
Put | CLMT250321P00030000 | 0 | 30.0 | 11.4 - 12.1 | 11.4 | In |
Put | CLMT250321P00031000 | 0 | 31.0 | 12.1 - 13.0 | 12.1 | In |
Put | CLMT250321P00032000 | 0 | 32.0 | 13.1 - 14.2 | 13.1 | In |
Put | CLMT250321P00033000 | 0 | 33.0 | 14.2 - 16.6 | 14.2 | In |
Calumet Specialty Selling And Marketing Expenses Over Time
Selling And Marketing Expenses |
| Timeline |
Calumet Specialty Market Cap Over Time
Market Cap |
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Calumet Total Stockholder Equity
Total Stockholder Equity |
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Calumet Specialty Corporate Management
| Chris Hodges | Alpha IR | Profile | |
| Marc Lawn | LLC GP | Profile | |
| Vincent Donargo | Chief Officer | Profile | |
| Brad McMurray | Director Relations | Profile |
Additional Tools for Calumet Stock Analysis
When running Calumet Specialty's price analysis, check to measure Calumet Specialty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Calumet Specialty is operating at the current time. Most of Calumet Specialty's value examination focuses on studying past and present price action to predict the probability of Calumet Specialty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calumet Specialty's price. Additionally, you may evaluate how the addition of Calumet Specialty to your portfolios can decrease your overall portfolio volatility.