CLDX Volatility Surface

SVI-calibrated implied volatility surface for CLDX. Interactive heatmap of IV across strikes and expirations. Data from the public FlashAlpha Lab API.

Delayed

Spot Price

$30.49

CLDX implied volatility by strike and horizon

As of Nov 10, 4:00 PM ET

Strike as a percent of spot, interpolated between 2 listed expiries. A dash means no quoted option covers that point.

Horizon	80%	90%	95%	100%	105%	110%	120%
7 days	-	-	-	-	-	-	-
30 days	-	-	-	55.2%	60.1%	61.3%	-
60 days	-	-	-	-	-	-	-
90 days	-	-	-	-	-	-	-
180 days	-	-	-	-	-	-	-
1 year	-	-	-	-	-	-	-

Across these 3 points, CLDX implied volatility runs from 55.2% (30 days, 100% strike) to 61.3% (30 days, 110% strike), built from 2 listed expiries.

IV Heatmap

Strike	Mar 14	Mar 21	Mar 28	Apr 17	May 16
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

What is a Volatility Surface?

A volatility surface maps implied volatility as a function of both strike price and time to expiration. It captures the full landscape of how the market prices risk across different scenarios and time horizons.

SVI Calibration: FlashAlpha uses Stochastic Volatility Inspired (SVI) parameterization to fit a smooth, arbitrage-free surface to raw market quotes. This eliminates noise while preserving the true shape of the smile.

Reading the Heatmap

Cool colors (blue): Low IV - options are relatively cheap. Potential for long vol positions.
Warm colors (red/orange): High IV - options are expensive. Consider selling premium or look for relative value.
Spot row: Highlighted row shows IV at the current stock price. Compare across expirations to see term structure.
Wings: IV rising sharply at far OTM strikes indicates tail risk pricing or squeeze potential.