Clearwater Paper (CLW) Options Chain
NYSE: CLWBasic MaterialsPaper & Paper ProductsUSD
At close: Oct 8, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Oct 16, 2026
- Days to expiration
- 8
- Share price
- $19.51
- Put/call ratio (OI)
- 0.20
- Put/call ratio (volume)
- 0.03
- Expected move
- ±$2.11
- Open interest (C / P)
- 4.32K / 874
CLW options summary
The CLW options chain for the October 16, 2026 expiration lists 8 call and 8 put contracts, with 8 days until expiration. Open interest stands at 4,322 calls and 874 puts, a put/call ratio of 0.20, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $20.00 strike is 73.0%, which implies the market expects a move of about ±$2.11 (10.8%) in Clearwater Paper stock by expiration.
The most open interest sits at the $20.00 call (1.76K contracts) and the $17.50 put (350 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
CLW options chain · October 16, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| — | — | — | 5.00 | 0.00 | 0.75 | 0.05 | |||||
| — | — | — | 7.50 | 0.00 | 0.75 | 0.10 | |||||
| 4.00 | 4.80 | 7.10 | 10.00 | 0.00 | 0.00 | 0.50 | |||||
| — | — | — | 12.50 | 0.00 | 0.20 | 0.06 | |||||
| 6.20 | 4.30 | 4.70 | 15.00 | 0.00 | 0.75 | 0.22 | |||||
| 4.00 | 0.00 | 0.00 | 17.50 | 0.00 | 0.10 | 0.25 | |||||
| 0.65 | 0.25 | 0.55 | 20.00 | 0.80 | 1.90 | 0.63 | |||||
| 0.23 | 0.05 | 1.75 | 22.50 | 2.00 | 4.60 | 3.90 | |||||
| 0.20 | 0.00 | 1.75 | 25.00 | — | — | — | |||||
| 0.65 | 0.00 | 2.20 | 30.00 | — | — | — | |||||
| 0.10 | 0.00 | 1.75 | 35.00 | — | — | — | |||||
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 CLW put/call ratio?
For the October 16, 2026 expiration, the CLW put/call ratio based on open interest is 0.20 (874 puts vs 4,322 calls), and 0.03 based on today's volume. A ratio above 1 means more puts than calls.
What is CLW's implied volatility?
At-the-money implied volatility for CLW options expiring October 16, 2026 is about 73.0%, an annualized estimate of how much the market expects Clearwater Paper stock to move.
How many CLW option expiration dates are there?
CLW has 5 listed expiration dates, from Oct 16, 2026 to Dec 17, 2027.
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.