Clearwater Paper (CLW) Options Chain

18.97-0.54 (-2.77%)

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

Expiration date

Expiration: Dec 17, 2027
Days to expiration: 432
Share price: $18.97
Put/call ratio (OI): 465.33
Put/call ratio (volume): 4.50
ATM implied volatility: 78.8%
Expected move: ±$16.27
Open interest (C / P): 18 / 8.38K

CLW options summary

The CLW options chain for the December 17, 2027 expiration lists 4 call and 7 put contracts, with 432 days until expiration. Open interest stands at 18 calls and 8,376 puts, a put/call ratio of 465.33, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $20.00 strike is 78.8%, which implies the market expects a move of about ±$16.27 (85.8%) in Clearwater Paper stock by expiration.

The most open interest sits at the $25.00 call (9 contracts) and the $7.50 put (8.17K contracts).

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

CLW options chain · December 17, 2027

CLW 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
—	—	—	—	—	—	5.00	0.00	2.65	0.20	140.6%	6	30
—	—	—	—	—	—	7.50	0.20	0.70	0.45	69.1%	1	8,173
—	—	—	—	—	—	10.00	0.00	3.10	1.70	80.5%	1	1
—	—	—	—	—	—	12.50	1.05	1.85	2.45	58.1%	—	169
—	—	—	—	—	—	15.00	0.65	3.80	3.60	53.8%	—	2
CLW $18.97
—	—	—	—	—	—	20.00	2.20	7.00	5.00	78.8%	1	1
2	1	80.0%	6.10	3.50	7.20	22.50	0.00	0.00	6.00	—	—	0
9	—	76.5%	5.36	2.60	6.30	25.00	—	—	—	—	—	—
2	—	64.4%	3.70	0.90	4.10	30.00	—	—	—	—	—	—
5	1	67.2%	1.10	0.00	3.10	40.00	—	—	—	—	—	—

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 December 17, 2027 expiration, the CLW put/call ratio based on open interest is 465.33 (8,376 puts vs 18 calls), and 4.50 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 December 17, 2027 is about 78.8%, 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.