CLW · Clearwater Paper Corp

Track CLW — free Ask ALVIS about CLW

$16.80 +0.40 (+2.44%) At close · Jul 24

Market Cap

$271.23M

16.13M

Options Chain

15-min delayed Underlying $16.80 · today Options Calculator

Positioning

Aug 21, 2026 · 27 days to expiry · 24 contracts

Put / call OI

0.44

Call-heavy positioning

Open interest

679

contracts outstanding

Volume

traded today

Max pain

$17.50

$0.70 above spot

ATM implied vol

74%

market's expected move

Open interest by strike

Calls Puts

2.5

7.5

12.5

17.5

22.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 27d Sep 18 55d Oct 16 83d Nov 20 118d Jan 15 174d Dec 17 510d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	321.1%	0.996	—		—	—	—	—	0
Call · $2.5 In the money Last — Breakeven — Implied vol 321.1% Delta 0.996 ≈100% ITM Gamma 0.001 Theta -0.003 Vega 0.001 Open interest 0 Model this call Put · $2.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		$0.05	-0.018	256.7%	2	4
Call · $5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $5 Last $0.05 Breakeven $4.95 Implied vol 256.7% Delta -0.018 ≈2% ITM Gamma 0.004 Theta -0.01 Vega 0.002 Open interest 4 Model this put
0	—	—	—	—		$0.05	-0.031	184.7%	1	0
Call · $7.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $7.5 Last $0.05 Breakeven $7.45 Implied vol 184.7% Delta -0.031 ≈3% ITM Gamma 0.008 Theta -0.011 Vega 0.003 Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $10 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $10 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	-0.145	123.4%	—	0
Call · $12.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $12.5 Last — Breakeven — Implied vol 123.4% Delta -0.145 ≈14% ITM Gamma 0.041 Theta -0.024 Vega 0.01 Open interest 0 Model this put
0	—	65.7%	0.772	—		$0.62	-0.25	74.8%	1	202
Call · $15 In the money Last — Breakeven — Implied vol 65.7% Delta 0.772 ≈77% ITM Gamma 0.101 Theta -0.018 Vega 0.015 Open interest 0 Model this call Put · $15 Last $0.62 Breakeven $14.38 Implied vol 74.8% Delta -0.25 ≈25% ITM Gamma 0.094 Theta -0.02 Vega 0.015 Open interest 202 Model this put
Underlying $16.80
232	9	66.2%	0.455	$0.75		$1.82	-0.523	81.9%	3	3
Call · $17.5 Last $0.75 Breakeven $18.25 Implied vol 66.2% Delta 0.455 ≈45% ITM Gamma 0.132 Theta -0.023 Vega 0.018 Open interest 232 Model this call Put · $17.5 In the money Last $1.82 Breakeven $15.68 Implied vol 81.9% Delta -0.523 ≈52% ITM Gamma 0.108 Theta -0.027 Vega 0.018 Open interest 3 Model this put
163	1	73.1%	0.225	$0.50		—	-0.817	64.5%	—	0
Call · $20 Last $0.50 Breakeven $20.50 Implied vol 73.1% Delta 0.225 ≈22% ITM Gamma 0.09 Theta -0.019 Vega 0.013 Open interest 163 Model this call Put · $20 In the money Last — Breakeven — Implied vol 64.5% Delta -0.817 ≈82% ITM Gamma 0.093 Theta -0.013 Vega 0.013 Open interest 0 Model this put
22	2	92.3%	0.151	$0.30		—	-0.747	127.5%	—	0
Call · $22.5 Last $0.30 Breakeven $22.80 Implied vol 92.3% Delta 0.151 ≈15% ITM Gamma 0.056 Theta -0.019 Vega 0.009 Open interest 22 Model this call Put · $22.5 In the money Last — Breakeven — Implied vol 127.5% Delta -0.747 ≈75% ITM Gamma 0.056 Theta -0.033 Vega 0.014 Open interest 0 Model this put
22	3	177.8%	0.283	$0.25		—	-0.736	169%	—	0
Call · $25 Last $0.25 Breakeven $25.25 Implied vol 177.8% Delta 0.283 ≈28% ITM Gamma 0.042 Theta -0.052 Vega 0.014 Open interest 22 Model this call Put · $25 In the money Last — Breakeven — Implied vol 169% Delta -0.736 ≈74% ITM Gamma 0.043 Theta -0.045 Vega 0.014 Open interest 0 Model this put
13	2	130.5%	0.073	$0.05		—	-0.83	179.3%	—	0
Call · $30 Last $0.05 Breakeven $30.05 Implied vol 130.5% Delta 0.073 ≈7% ITM Gamma 0.023 Theta -0.015 Vega 0.006 Open interest 13 Model this call Put · $30 In the money Last — Breakeven — Implied vol 179.3% Delta -0.83 ≈83% ITM Gamma 0.032 Theta -0.037 Vega 0.01 Open interest 0 Model this put
18	4	142.2%	0.042	$0.05		—	-0.845	208.2%	—	0
Call · $35 Last $0.05 Breakeven $35.05 Implied vol 142.2% Delta 0.042 ≈4% ITM Gamma 0.014 Theta -0.011 Vega 0.003 Open interest 18 Model this call Put · $35 In the money Last — Breakeven — Implied vol 208.2% Delta -0.845 ≈85% ITM Gamma 0.025 Theta -0.04 Vega 0.011 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1441236 CUSIP 18538R103 13F (30d) 23 filings 23 filers Visit website Investor relations