BenzingaT3·4mo ago
CHI Calamos Convertible Opportunities and Income Fund
XNASStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
CHI
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Key stats
About
- Exchange
- XNAS
- Market Cap
- $0.9B
- List Date
- 2002-06-26
- CIK
- 0001171471
- Homepage
- https://www.calamos.com
CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND operates as a closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and current income. The Fund invests in convertible securities and high-yield securities.
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.58% | -8.90% | 11.18% | 4.18% | -3.56% | 5.94% | 1.74% |
| Feb | 3.38% | -7.37% | -1.73% | 2.40% | -8.93% | 1.42% | -1.80% |
| Mar | -3.40% | 0.99% | -11.45% | 2.44% | -6.71% | -6.61% | -4.12% |
| Apr | 3.51% | -5.92% | 0.19% | -2.01% | 3.18% | 9.83% | 1.46% |
| May | -0.53% | -4.28% | -5.06% | 2.90% | 0.10% | 4.42% | -0.41% |
| Jun | 1.61% | -9.38% | 10.02% | 2.65% | 3.95% | 5.08% | 2.32% |
| Jul | -0.46% | 17.33% | 0.71% | -2.38% | -2.19% | -5.23% | 1.30% |
| Aug | 1.37% | -9.86% | -5.30% | 1.50% | 1.96% | -0.16% | -1.75% |
| Sep | -3.85% | -15.11% | -2.41% | 3.36% | 4.15% | -7.97% | -3.64% |
| Oct | 4.43% | 10.34% | -4.58% | -0.78% | 5.56% | -2.20%* | 2.13% |
| Nov | -5.47% | 5.53% | -0.60% | 6.70% | -4.47% | -- | 0.34% |
| Dec | 1.41% | -6.58% | 3.86% | -1.08% | -3.59% | -- | -1.20% |
| Total | 3.08% | -32.08% | -7.17% | 21.32% | -11.17% | 2.98% | -3.84% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $11.50
SMA 50: $12.16
SMA 200: $12.06
Current: $11.13
EMA 12: $11.38
EMA 26: $11.65
MACD: -0.2637 | Signal: -0.0160
BEARISH
ADX (14): 27.20
TREND
+DI: 17.55
−DI: 30.93
Momentum Oscillators
RSI (14): 37.05
NEUTRAL
Stoch %K: 27.14
Stoch %D: 19.25
Williams %R: -80.53
Volume & Volatility
BB Upper: $12.07
BB Lower: $10.93
NEUTRAL
OBV: 1,499,758
Vol SMA 20: 195,708
Vol ROC: -52.55%
ATR: $0.29
True Range: $0.32
HV 20: 29.7%
HV 30: 27.3%
HV 60: 23.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: CHI
Executive Summary
BULLISH (Confidence Level: 6/10)
Key drivers: Strong technical signals, positive recent news sentiment, and relatively low volatility.
Primary risks: Potential for increased market volatility, negative earnings surprises, and regulatory changes affecting the fund's performance.
Investment thesis: CHI has been trading within a range-bound environment with strong technical signals suggesting potential upside. The recent news headlines have been neutral, which is expected to support the stock price.
Recent news sentiment impact: The neutral news headlines about monthly distributions do not seem to be impacting the stock price significantly.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): BEARISH; Medium-term (1-3 months): NEUTRAL; Long-term (3-12 months): BULLISH
Support/Resistance Levels:
- Upper: $13.51
- Middle: $12.93
- Lower: $12.35
Momentum Signals:
- RSI interpretation: Neutral (40.31)
- MACD signal: Bearish (MACD: -0.11, Signal: -0.06, Histogram: -0.05)
- Bollinger Bands position: Neutral (price within the bands)
News & Sentiment Analysis
Recent Headlines Summary: All recent headlines are neutral, announcing monthly distributions and required notifications of sources of distribution.
Sentiment Assessment: Neutral sentiment prevails, with no significant news impacting the stock price.
Catalyst Identification: No imminent catalysts are identified in the near term (1-7 days).
Risk & Volatility Assessment
Beta Interpretation: CHI has a beta of 1.05, indicating above-average volatility compared to the market.
Volatility Regime: The current volatility regime is relatively low (0.19).
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels are in place at $12.35 and $11.89.
Market Context & Positioning
Sector Performance: CHI has performed well relative to its sector.
Institutional Activity: Institutional interest is moderate, with a volume rate of change indicating a slight decrease.
Correlation Analysis: The stock moves relatively strongly with the market (R-squared: 0.70).
Relative Valuation: CHI is positioned within a trading range, neither significantly over- nor undervalued.
Key Levels & Action Items
Critical Price Levels: Support/resistance at $13.51, $12.93, and $12.35.
Breakout/Breakdown Levels: No immediate breakout/breakdown levels identified.
Time-Sensitive Catalysts: No imminent catalysts are identified in the near term (1-7 days).
Risk Management: Stop-loss levels can be set at $11.89 and $12.35 to protect against potential downside movements.
This comprehensive analysis provides a balanced view of CHI, highlighting both bullish and bearish cases. The technical signals suggest potential upside within the current trading range, while the recent news headlines have been neutral. The risk assessment indicates above-average volatility compared to the market, which may impact investor decisions.
Generated
News
All CHI news →
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CHI Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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pts
EXTREME
ATM — / Wing —
30 DTE / 10d
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—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.1318
Alpha: -11.93%
Correlation: 0.6910
R-Squared: 47.7%
Stock Volatility: 20.9%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own CHI
1 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Rockefeller Capital Management Family office Rockefeller family | $2.1M | #1361 of 4729 | -0.8% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
CHI Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
CHI Insider Trading (Form 4)
Latest: 2026-08-26Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-26 | Financial For Lutherans Thrivent | Other (J) | +400,000 | $25.00 | $10.00M | EDGAR | |
| 2026-08-26 | MetLife Investment Management, LLC | 10%+ Owner | Mixed | −59,000 | $25.00 | -$1.48M | EDGAR |
| 2025-08-11 | Mark Mickey | FormerChief Compliance Officer | Sell (S) | −1,000 | $10.36 | -$10.4K | EDGAR |
| 2024-09-11 | MetLife Investment Management, LLC | 10%+ Owner | Buy (P) | +748,000 | $25.00 | $18.70M | EDGAR |
| 2024-02-16 | Mark Mickey | Chief Compliance Officer | Sell (S) | −500 | $11.06 | -$5.5K | EDGAR |
| 2023-06-01 | Mark Mickey | Chief Compliance Officer | Buy (P) | +500 | $9.95 | $5.0K | EDGAR |
| 2022-05-26 | MetLife Investment Management, LLC | 10%+ Owner | Buy (P) | +680,000 | $25.00 | $17.00M | EDGAR |
| 2020-12-18 | Mark Mickey | Chief Compliance Officer | Buy (P) | +1,000 | $13.56 | $13.6K | EDGAR |
| 2020-02-10 | Lloyd Wennlund | Director | Buy (P) | +4,500 | $11.42 | $51.4K | EDGAR |
| 2019-12-20 | David D Tripple | Director | Sell (S) | −400 | $11.03 | -$4.4K | EDGAR |
| 2017-01-25 | John P Calamos Sr | President and Global CIO | Sell (S) | −51,474 | $10.47 | -$539.1K | EDGAR |
| 2016-11-22 | Stephen B Timbers | Director | Buy (P) | +10,000 | $9.84 | $98.4K | EDGAR |
| 2016-03-02 | Theresa Hamacher | Director | Buy (P) | +1,000 | $8.85 | $8.8K | EDGAR |
| 2012-03-20 | Stephen B Timbers | Director | Buy (P) | +4,000 | $12.66 | $50.6K | EDGAR |
| 2009-10-09 | BANK OF AMERICA CORP /DE/ | 10%+ Owner | Mixed | — | $11.57 | -$100 | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
CHI Insider Holdings
1 insider · @ $11.13
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | MetLife Investment Management, LLC | 10%+ Owner | 112,000 | $1.25M | $44.33M | 3 | 2026-08-26 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
CHI Board & Officers
As of SEC filings through Aug 26, 2026Officers 3
- John S. Koudounis · Vice President · since Jul 1, 2016
- Mark Mickey · Chief Compliance Officer · on file since Jul 2007
- Walter M Kelly · Chief Compliance Officer · since Jul 29, 2025
10% owners 1
- MetLife Investment Management, LLC (entity) · since Aug 24, 2021
Changes in the last 10 years (15)
| Aug 26, 2026 | Financial For Lutherans Thrivent reported in an SEC filing no longer being a 10% owner |
| Jul 29, 2025 | Walter M Kelly became Chief Compliance Officer |
| Dec 17, 2024 | Thomas P Kiley III became Vice President |
| Sep 26, 2023 | Erik D. Ojala became VP, Sec'y & Chief Legal Off. |
| Sep 30, 2022 | Susan L Schoenberger became VP and Assistant Secretary |
| Aug 24, 2021 | NORTHWESTERN MUTUAL LIFE INSURANCE CO became a 10% owner |
| Aug 24, 2021 | MetLife Investment Management, LLC became a 10% owner |
| Aug 24, 2021 | Financial For Lutherans Thrivent became a 10% owner |
| Jun 30, 2021 | Daniel Dufresne became Vice President |
| Mar 26, 2020 | Stephen Atkins became Treasurer |
| Dec 16, 2019 | Karen Stuckey became a director |
| Dec 16, 2019 | Christopher M Toub became a director |
| Aug 15, 2019 | Dave Vanisko became Treasurer |
| Jul 19, 2018 | Lloyd Wennlund became a director |
| Sep 6, 2017 | MASSACHUSETTS MUTUAL LIFE INSURANCE CO became a 10% owner |
Not reported recently (15)
- Thomas P Kiley III · Last reported as Vice President in an SEC filing dated Dec 27, 2024
- NORTHWESTERN MUTUAL LIFE INSURANCE CO · Last reported as a 10% owner in an SEC filing dated Sep 10, 2024
- Robert Behan · Last reported as Vice President in an SEC filing dated Nov 14, 2023
- Erik D. Ojala · Last reported as VP, Sec'y & Chief Legal Off. in an SEC filing dated Sep 28, 2023
- Susan L Schoenberger · Last reported as VP and Assistant Secretary in an SEC filing dated Feb 2, 2023
- Daniel Dufresne · Last reported as Vice President in an SEC filing dated Jul 20, 2021
- Stephen Atkins · Last reported as Treasurer in an SEC filing dated Apr 3, 2020
- Lloyd Wennlund · Last reported as a director in an SEC filing dated Feb 10, 2020
- David D Tripple · Last reported as a director in an SEC filing dated Dec 20, 2019
- Karen Stuckey · Last reported as a director in an SEC filing dated Dec 20, 2019
- Christopher M Toub · Last reported as a director in an SEC filing dated Dec 20, 2019
- Dave Vanisko · Last reported as Treasurer in an SEC filing dated Aug 22, 2019
- MASSACHUSETTS MUTUAL LIFE INSURANCE CO · Last reported as a 10% owner in an SEC filing dated Sep 15, 2017
- John P Calamos Sr · Last reported as a director in an SEC filing dated Jan 25, 2017
- Stephen B Timbers · Last reported as a director in an SEC filing dated Nov 22, 2016
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
9 ETFs hold CHI
9 shown · $30.08M total exposure · 0.18% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VXUS Vanguard Total International Stock ETF | Vanguard | 0.00% | $11.8M | — | 2026-09-30 |
| 2 | VEA Vanguard FTSE Developed Markets ETF | Vanguard | 0.00% | $7.6M | — | 2026-09-30 |
| 3 | BAB Invesco Taxable Municipal Bond ETF | Invesco | 0.53% | $4.5M | — | 2026-10-20 |
| 4 | VSS Vanguard FTSE All-World EX-US Small-Cap Index Fund | Vanguard | 0.02% | $3.0M | — | 2026-09-30 |
| 5 | ENZL iShares MSCI New Zealand ETF | iShares (BlackRock) | 1.88% | $1.2M | $66.0M | 2026-10-20 |
| 6 | VPL Vanguard FTSE Pacific ETF | Vanguard | 0.01% | $852,055 | — | 2026-09-30 |
| 7 | VT Vanguard Total World Stock ETF | Vanguard | 0.00% | $727,216 | — | 2026-09-30 |
| 8 | GWX State Street® SPDR® S&P® International Small Cap ETF | SPDR (State Street) | 0.05% | $460,397 | $899.5M | 2026-10-20 |
| 9 | BSMZ Invesco BulletShares 2035 Municipal Bond ETF | Invesco | 0.04% | $27,780 | — | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.