BenzingaT3·4mo ago
CHY Calamos Convertible and High 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.
CHY
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Key stats
About
- Exchange
- XNAS
- Market Cap
- $0.9B
- List Date
- 2003-05-28
- CIK
- 0001222719
- Homepage
- https://www.calamos.com
Calamos Convertible & High Income Fund is a diversified, closed-end management investment company. Its objective is to provide total return through a combination of capital appreciation and current income. The firm invests in a diversified portfolio of 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 | 1.99% | -11.03% | 13.93% | 2.74% | -4.59% | 3.35% | 1.07% |
| Feb | 4.18% | -4.95% | -2.64% | 2.05% | -5.22% | 2.57% | -0.67% |
| Mar | -4.18% | 0.28% | -10.71% | -0.76% | -5.52% | -9.25% | -5.02% |
| Apr | 4.12% | -7.53% | -1.29% | -3.36% | -0.49% | 10.78% | 0.37% |
| May | 0.06% | -4.75% | -5.29% | -0.98% | 1.97% | 5.85% | -0.52% |
| Jun | 2.13% | -9.26% | 10.10% | 0.27% | 5.57% | 2.95% | 1.96% |
| Jul | -2.81% | 17.76% | 1.85% | 1.97% | -0.27% | -6.90% | 1.93% |
| Aug | 1.44% | -6.27% | -1.38% | 2.29% | 1.29% | 1.10% | -0.25% |
| Sep | -3.82% | -17.90% | -2.87% | 3.74% | 3.03% | -7.58% | -4.23% |
| Oct | 5.97% | 6.69% | -1.36% | -1.09% | 4.55% | -3.62%* | 1.86% |
| Nov | -5.03% | 6.45% | 2.72% | 3.12% | -1.71% | -- | 1.11% |
| Dec | 3.59% | -10.52% | 0.35% | -0.82% | -1.65% | -- | -1.81% |
| Total | 7.09% | -37.58% | 1.13% | 9.28% | -3.73% | -2.63% | -4.41% |
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: $11.59
SMA 50: $12.24
SMA 200: $12.35
Current: $11.19
EMA 12: $11.39
EMA 26: $11.70
MACD: -0.3075 | Signal: -0.0220
BEARISH
ADX (14): 29.82
TREND
+DI: 15.66
−DI: 33.27
Momentum Oscillators
RSI (14): 36.13
NEUTRAL
Stoch %K: 11.33
Stoch %D: 15.23
Williams %R: -87.50
Volume & Volatility
BB Upper: $12.29
BB Lower: $10.88
NEUTRAL
OBV: 2,992,867
Vol SMA 20: 231,655
Vol ROC: -31.49%
ATR: $0.26
True Range: $0.17
HV 20: 24.6%
HV 30: 26.0%
HV 60: 21.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
LLM Stock Analysis Report: CHY
Executive Summary
Overall Assessment: NEUTRAL with confidence level (6/10)
Key Drivers:
- The stock has been trading in a narrow range, with moderate volatility.
- Recent news headlines have been neutral, without any significant catalysts driving the price.
Primary Risks:
- The lack of clear direction or momentum in the stock's movement may lead to further consolidation or sideways trading.
Investment Thesis: CHY is a closed-end fund with a relatively stable performance. While it has some inherent volatility due to its investment style and market conditions, it appears to be well-managed and provides a decent yield for income-seeking investors.
Recent News Sentiment Impact: Neutral
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): NEUTRAL
- Medium-term (1-3 months): BULLISH
- Long-term (3-12 months): BEARISH
Support/Resistance Levels:
- Upper band: $13.39
- Middle band: $12.77
- Lower band: $12.15
Momentum Signals:
- RSI (14) interpretation: NEUTRAL (64.67)
- MACD signal: BULLISH (0.23 / Signal: 0.03 / Histogram: 0.20)
- Bollinger Bands position: NEUTRAL (squeeze)
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines have been neutral, with no significant events or announcements driving the stock price.
Sentiment Assessment: Aggregate news sentiment is NEUTRAL, indicating a lack of strong market-moving catalysts.
Catalyst Identification: There are no immediate or near-term catalysts identified that could significantly impact the stock's price. However, future earnings releases and changes in market conditions may influence its performance.
Risk & Volatility Assessment
Beta Interpretation: CHY has a beta of 0.90, indicating moderate volatility relative to the broader market.
Volatility Regime: The current volatility level is relatively low, with an average true range (ATR) of $0.24.
Options Market Signals: No options data available.
Downside Protection: Support levels are around $12.15 (lower band), while resistance is at $13.39 (upper band). A stop-loss below this level could be considered to manage potential downside risk.
Market Context & Positioning
Sector Performance: CHY has underperformed the broader market and its peers in recent periods, with a negative sector performance.
Institutional Activity: No clear institutional activity patterns are evident from the volume data.
Correlation Analysis: The stock's correlation with the S&P 500 (SPY) is relatively high at 0.66, indicating that it generally follows market trends.
Relative Valuation: CHY appears to be trading within a reasonable range relative to its peers and broader market, with no clear undervaluation or overvaluation signals.
Key Levels & Action Items
- Critical Price Levels: Support at $12.15 (lower band) and resistance at $13.39 (upper band)
- Breakout/Breakdown Levels: A move above the upper band ($13.39) could be a bullish signal, while a break below the lower band ($12.15) could indicate bearish momentum.
- Time-Sensitive Catalysts: No immediate catalysts identified that could significantly impact the stock's price.
By analyzing the technical indicators, news headlines, and risk metrics, it appears that CHY is currently trading in a narrow range with moderate volatility. The lack of clear direction or momentum in the stock's movement may lead to further consolidation or sideways trading. As such, investors may consider taking a neutral stance or adjusting their positions based on their individual risk tolerance and market views.
Generated
News
All CHY news →
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CHY 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: 1.0783
Alpha: -15.08%
Correlation: 0.6947
R-Squared: 48.3%
Stock Volatility: 19.8%
Market Volatility: 12.7%
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 CHY
2 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Rockefeller Capital Management Family office Rockefeller family | $875K | #1786 of 4729 | -13.4% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $138K | #3560 of 3716 | -82.8% | 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
CHY 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 |
|---|
CHY 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 | −186,000 | $25.00 | -$4.65M | EDGAR |
| 2025-08-11 | Mark Mickey | FormerChief Compliance Officer | Sell (S) | −2,000 | $10.90 | -$21.8K | EDGAR |
| 2024-09-11 | MetLife Investment Management, LLC | 10%+ Owner | Buy (P) | +800,000 | $25.00 | $20.00M | EDGAR |
| 2024-02-15 | Mark Mickey | Chief Compliance Officer | Sell (S) | −500 | $11.89 | -$5.9K | EDGAR |
| 2023-06-01 | Mark Mickey | Chief Compliance Officer | Buy (P) | +500 | $10.04 | $5.0K | EDGAR |
| 2022-05-26 | MetLife Investment Management, LLC | 10%+ Owner | Buy (P) | +740,000 | $25.00 | $18.50M | EDGAR |
| 2020-12-18 | Mark Mickey | Chief Compliance Officer | Sell (S) | −2,000 | $14.30 | -$28.6K | EDGAR |
| 2020-02-10 | Lloyd Wennlund | Director | Buy (P) | +4,200 | $11.93 | $50.1K | EDGAR |
| 2019-12-20 | David D Tripple | Director | Sell (S) | −300 | $11.49 | -$3.4K | EDGAR |
| 2017-01-25 | Calamos Advisors LLC | Sell (S) | −88,726 | $10.90 | -$967.4K | EDGAR | |
| 2016-11-22 | Stephen B Timbers | Director | Buy (P) | +9,000 | $10.47 | $94.2K | EDGAR |
| 2016-03-02 | Theresa Hamacher | Director | Buy (P) | +1,000 | $9.59 | $9.6K | EDGAR |
| 2014-07-11 | David D Tripple | Director | Buy (P) | +200 | $14.63 | $2.9K | EDGAR |
| 2009-12-14 | David D Tripple | Director | Sell (S) | −2,900 | $9.46 | -$27.4K | 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.
CHY Insider Holdings
1 insider · @ $11.19
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 | 43,600 | $487.9K | $45.75M | 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.
CHY 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 · since Jun 30, 2005
- 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
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
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.