Calumet (CLMT) Options Chain

NASDAQ: CLMTEnergyIntegrated oil CompaniesUSD

56.42-1.33 (-2.30%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 469
Share price: $56.42
Put/call ratio (OI): 1.43
Put/call ratio (volume): 0.67
ATM implied volatility: 63.0%
Expected move: ±$40.32
Open interest (C / P): 7.43K / 10.60K

CLMT options summary

The CLMT options chain for the January 21, 2028 expiration lists 23 call and 22 put contracts, with 469 days until expiration. Open interest stands at 7,430 calls and 10,597 puts, a put/call ratio of 1.43, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $55.00 strike is 63.0%, which implies the market expects a move of about ±$40.32 (71.5%) in Calumet stock by expiration.

The most open interest sits at the $50.00 call (1.34K contracts) and the $8.00 put (3.30K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CLMT options chain · January 21, 2028

CLMT calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
151	1	176.8%	56.45	51.50	56.50	3.00	0.00	5.00	0.30	350.4%	2	1
0	2	—	24.02	0.00	0.00	5.00	0.00	0.55	0.60	119.0%	—	300
—	—	—	—	—	—	8.00	0.05	0.15	0.10	80.1%	1	3,304
0	320	—	20.30	0.00	0.00	10.00	0.00	2.65	0.20	119.8%	1	335
—	—	—	—	—	—	13.00	0.00	0.00	1.30	25.0%	300	0
20	—	—	19.70	21.00	24.40	15.00	0.00	4.90	0.50	111.4%	21	2,482
10	10	—	17.38	17.90	20.50	17.00	0.80	3.40	2.17	96.2%	50	47
114	4	90.4%	29.26	36.50	41.50	20.00	0.00	5.00	1.35	89.4%	3	94
0	1	—	11.57	0.00	0.00	22.00	0.00	4.90	1.60	81.6%	3	750
193	20	83.9%	31.80	32.60	37.50	25.00	0.20	5.00	2.10	73.7%	1	158
27	1	—	14.38	10.20	12.70	27.00	1.85	2.50	2.80	63.8%	25	40
507	2	83.5%	30.90	30.40	33.50	30.00	2.60	3.30	3.28	63.3%	75	209
656	25	79.2%	28.40	27.10	30.00	35.00	3.90	4.70	4.60	60.9%	50	218
235	6	78.9%	24.54	25.90	29.00	37.00	4.60	5.40	5.80	60.5%	50	450
533	2	73.5%	26.75	22.50	27.50	40.00	3.60	7.40	6.55	56.4%	1	250
219	6	72.3%	18.40	21.50	26.10	42.00	4.50	8.20	7.70	56.3%	10	244
1,323	11	74.7%	23.97	21.40	24.40	45.00	5.60	8.90	9.20	53.9%	5	1,264
1,345	9	73.6%	21.38	19.20	22.00	50.00	10.00	11.10	11.40	57.3%	50	277
397	5	69.1%	16.06	15.50	19.90	55.00	12.80	14.00	13.00	57.0%	10	126
CLMT $56.42
303	25	69.3%	16.10	15.30	16.80	60.00	15.40	16.80	16.00	55.0%	15	35
593	35	68.7%	14.00	13.70	15.10	65.00	18.50	21.30	19.75	56.5%	—	3
72	15	70.3%	13.60	12.30	14.60	70.00	—	—	—	—	—	—
549	1	69.0%	10.60	11.10	12.80	75.00	25.60	28.50	26.00	55.4%	—	10
175	500	69.1%	10.60	10.00	11.80	80.00	—	—	—	—	—	—
8	2	69.1%	9.91	9.10	10.80	85.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CLMT put/call ratio?

For the January 21, 2028 expiration, the CLMT put/call ratio based on open interest is 1.43 (10,597 puts vs 7,430 calls), and 0.67 based on today's volume. A ratio above 1 means more puts than calls.

What is CLMT's implied volatility?

At-the-money implied volatility for CLMT options expiring January 21, 2028 is about 63.0%, an annualized estimate of how much the market expects Calumet stock to move.

How many CLMT option expiration dates are there?

CLMT has 10 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.