Calamos Long/Short Equity & Dynamic Income Trust (CPZ) Stock Quote & Options Analysis

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About

Exchange: XNAS
Market Cap: $0.2B
CIK: 0001717457
Homepage: https://www.calamos.com

Calamos L/S Equity & Dynamic Inc Trust is a trust company that seeks to provide current income and risk-managed capital appreciation, with an investment objective to deliver total return through a combination of capital appreciation and current income. The Fund invests in securities across sectors such as Industrials, Healthcare, Financials, Consumer Discretionary, and others, and holds securities with a broad range of maturities, with the average term to maturity typically ranging from two to ten years. Managed assets represent the Fund's total assets, including any assets attributable to lev…

ETF Profile

Asset Allocation

Top Holdings

Symbol	Name	Weight %	Asset Class	Country

Geographic Breakdown

Summary

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composite

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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	-1.14%	2.50%	10.23%	3.31%	5.03%	0.75%	3.45%
Feb	2.46%	1.17%	-3.59%	-1.45%	-1.40%	1.12%	-0.28%
Mar	7.57%	-1.36%	-5.33%	2.32%	-0.19%	-9.11%	-1.02%
Apr	3.60%	-9.43%	0.07%	0.26%	-1.23%	-0.87%	-1.27%
May	-0.24%	-0.54%	-3.53%	-1.29%	3.25%	-5.05%	-1.23%
Jun	0.48%	-7.87%	5.31%	-0.72%	2.53%	-0.23%	-0.08%
Jul	-3.60%	7.73%	0.13%	3.63%	-0.98%	1.38%	1.38%
Aug	0.30%	-1.76%	-2.12%	0.00%	3.27%	-0.52%	-0.14%
Sep	0.49%	-14.03%	-3.33%	1.34%	-2.88%	-3.98%	-3.73%
Oct	1.67%	2.81%	-6.09%	-0.96%	-6.20%	0.80%	-1.33%
Nov	-6.71%	3.91%	4.14%	0.90%	-0.99%	2.39%*	0.61%
Dec	3.56%	-7.38%	-1.23%	-5.18%	-1.88%	--	-2.42%
Total	7.99%	-23.58%	-6.39%	1.85%	-2.19%	-13.09%	-5.90%

Technical Indicators

? Indicator Guide

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: $12.56

SMA 50: $12.71

SMA 200: $13.44

Current: $12.86

EMA 12: $12.65

EMA 26: $12.63

MACD: 0.0119 | Signal: 0.0440

BEARISH

ADX (14): 16.80

RANGE

+DI: 21.17

−DI: 13.06

Momentum Oscillators

RSI (14): 57.31

NEUTRAL

Stoch %K: 74.32

Stoch %D: 73.82

Williams %R: -6.35

Volume & Volatility

BB Upper: $12.87

BB Lower: $12.26

NEUTRAL

OBV: -2,853,580

Vol SMA 20: 72,001

Vol ROC: 35.24%

ATR: $0.24

True Range: $0.29

HV 20: 20.3%

HV 30: 17.5%

HV 60: 14.6%

Data Summary

Data Points: 500

Last Updated: Nov 9, 5:15 PM ET

Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00

AI Analysis

Here is a comprehensive stock analysis report for CPZ based on the provided data:

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers and Primary Risks: The stock's recent price action has been influenced by its technical indicators, with a neutral MACD signal and RSI reading within the normal range. The stock's beta is relatively low compared to the market, indicating reduced volatility.

Recent News Sentiment Impact: The news headlines are mostly neutral, with some negative sentiment related to distribution announcements. This lack of significant news events has kept the stock's price movement relatively stable.

Technical Analysis

Trend Direction: RANGE (Short-term), NEUTRAL (Medium-term), BEARISH (Long-term)

Support/Resistance Levels:

SMA 20: $13.07
SMA 50: $13.00
Upper Bollinger Band: $13.23

Momentum Signals:

RSI (14): 47.82 (neutral)
MACD: 0.01 / Signal: -0.00 / Histogram: 0.01 (bullish)

Volume Analysis: The volume trends indicate a slight decrease in trading activity, with the OBV and Volume Rate of Change showing a decline.

News & Sentiment Analysis

Recent Headlines Summary: The news headlines are mostly related to distribution announcements from Calamos Investments Closed-End Funds, which have been neutral or slightly negative in sentiment.

Sentiment Assessment: NEUTRAL (average sentiment)

Catalyst Identification: No significant upcoming events or catalysts identified based on the provided data.

Market Narrative: The stock's price movement is influenced by its technical indicators and lack of significant news events, resulting in a range-bound trend.

Risk & Volatility Assessment

Beta Interpretation: LOW RISK (beta 0.24)

Volatility Regime: RELATIVELY LOW VOLATILITY (compared to market volatility)

Options Market Signals: No options data available for analysis.

Downside Protection: The stock's support levels, including the SMA 20 and SMA 50, provide some downside protection.

Market Context & Positioning

Sector Performance: CPZ is a closed-end fund with a specific sector focus. No information provided on sector performance relative to market.

Institutional Activity: No volume patterns or institutional interest signals identified based on the provided data.

Correlation Analysis: The stock's correlation coefficient is relatively low compared to the market, indicating reduced volatility.

Relative Valuation: CPZ is trading within its historical range, with no significant deviation from its mean price level.

Key Levels & Action Items

Critical Price Levels:

SMA 20: $13.07
SMA 50: $13.00
Upper Bollinger Band: $13.23

Breakout/Breakdown Levels: No specific levels identified based on the provided data.

Time-Sensitive Catalysts: No earnings dates, FDA approvals, or product launches identified as potential catalysts.

Risk Management: Stop-loss levels and position sizing considerations are dependent on individual risk tolerance and market conditions.

I hope this comprehensive analysis meets your expectations!

Generated Jul 22, 12:00 PM ET

News

All CPZ news →

Filter Publishers:

Seeking AlphaT2·6d ago

Calamos Long/Short Equity & Dynamic Income Trust declares $0.14 dividend

General$CPZ

PR NewswireT3·7d ago

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

Markets$CCD $CGO $CHI $CHW $CHY $CPZ

Earnings History

Earnings calendar: this week’s reports with expected vs actual moves →

CPZ Options Activity & IV Rank

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Options Chain

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Spread Scanner

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? Score Guide Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

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.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

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 →

Scanning bull put, bear call, iron condor and calendar spreads…

Dealer Positioning

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Skew (Wing IV − ATM IV)

DTE:

Wing Δ:

Metric:

? What do these mean

Wing vs ATM

IV(put wing) − IV(ATM), in vol points

How 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 side

Which 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 —

— pts

ATM — / Wing —

30 DTE / 10d —

— pts

ATM — / Wing —

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

Loading the implied volatility surface…

Skew Metrics per Expiry ? Guide

Risk Reversal (RR)

IV(10% OTM call) − IV(10% OTM put)

Measures the direction of skew — which side the market is paying up for. Expressed as a vol difference in percentage points.

−3% to −10% → mild to moderate put skew. Normal for most large-cap stocks — puts always carry some premium from portfolio hedging demand.
−10% to −20% → strong put skew. Elevated fear, heavy hedging, or an upcoming catalyst (earnings, macro event). Worth noting.
Below −20% → extreme put skew. Stress signal — market aggressively buying downside protection.
−3% to 0% → nearly symmetric. Rare for equities; means the market sees roughly equal up/down risk.
Positive → calls more expensive than puts. Unusual — signals strong upside momentum, short squeeze risk, or takeover speculation.

Butterfly (BF)

½ × (IV call + IV put) − IV ATM

Measures curvature — how much the wings are bid up relative to ATM. Always expressed as a positive number (wing premium). Think of it as the cost of a tail hedge above and beyond the ATM vol.

0% to 2% → flat smile. Market pricing near-normal return distribution, low tail risk.
2% to 5% → moderate wing premium. Some tail risk priced in — typical in earnings cycles or elevated VIX environments.
Above 5% → high curvature. Fat tails aggressively priced — market expects a large move but is uncertain of direction. Very common right before earnings.

Reading them together

RR	BF	Interpretation
-15%	+5%	Strong put skew + fat tails — fear or upcoming catalyst (earnings, FDA)
-5%	+1%	Normal mild put skew, calm market
-20%	+8%	Extreme fear — heavy hedging, major event risk
~0%	+2%	Balanced market, no strong directional bias
+5%	+3%	Call skew — bullish momentum or short squeeze risk

Expiry	DTE	ATM IV	25d Put IV	25d Call IV	Risk Reversal	Butterfly	Interpretation	Strategy Suggestions (hover for rationale)

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)

IV Rank (30 DTE)

Straddle Price (30 DTE)

Beta Analysis

Risk Metrics

Beta: 0.3561

Alpha: -19.99%

Correlation: 0.3784

R-Squared: 14.3%

Stock Volatility: 12.9%

Market Volatility: 13.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days

Interpretation:
Low volatility - stock moves less than market

Beta & Alpha Over Time

Notable investors who own CPZ

1 of 37 tracked investors

Investor	Value	Share of their portfolio	Rank	Q/Q shares	Source
Citadel Hedge fund Ken Griffin	$168K	0.00%	#5571 of 6285	new	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

CPZ Institutional Ownership (13F)

Filings for 2026-06-30 · 22 already for 2026-09-30

? 13F Guide

Institutional 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.

60 filers6,008,368 shares$77.92M value

#	Filer	Shares	Value	% of Total	% of Float	Period
1	Morgan Stanley Custodian	833,063	$10.90M	13.98%	—	2026-06-30
2	SIT INVESTMENT ASSOCIATES INC	827,578	$10.82M	13.89%	—	2026-06-30
3	RIVERNORTH CAPITAL MANAGEMENT, LLC	465,879	$6.09M	7.82%	—	2026-06-30
4	Raymond James Financial, Inc. Custodian	384,849	$5.03M	6.46%	—	2026-06-30
5	Penserra Capital Management LLC	355,241	$4.65M	5.96%	—	2026-06-30
6	Saba Capital Management, L.P.	335,551	$4.39M	5.63%	—	2026-06-30
7	LPL Financial LLC Custodian	317,688	$3.99M	5.12%	—	2026-09-30
8	Wells Fargo & Company Custodian	226,846	$2.97M	3.81%	—	2026-06-30
9	OPPENHEIMER & CO INC	216,928	$2.72M	3.50%	—	2026-09-30
10	Atlas Wealth LLC	147,233	$1.93M	2.47%	—	2026-06-30
11	Closed-End Fund Advisors, Inc.	141,922	$1.78M	2.29%	—	2026-09-30
12	UBS Group AG Custodian	131,644	$1.72M	2.21%	—	2026-06-30
13	Advisors Asset Management, Inc.	122,651	$1.60M	2.06%	—	2026-06-30
14	OSAIC HOLDINGS, INC. Custodian	111,689	$1.46M	1.87%	—	2026-06-30
15	TrueMark Investments, LLC	96,489	$1.21M	1.56%	—	2026-09-30
16	Shaker Financial Services, LLC	90,470	$1.14M	1.46%	—	2026-09-30
17	STEPHENS INC /AR/	84,912	$1.11M	1.43%	—	2026-06-30
18	Janney Montgomery Scott LLC	83,886	$1.10M	1.41%	—	2026-06-30
19	Stifel Financial Corp Custodian	77,441	$1.01M	1.30%	—	2026-06-30
20	EVOLVE PRIVATE WEALTH, LLC	67,711	$885.66K	1.14%	—	2026-06-30
21	Calamos Wealth Management LLC	67,508	$847.90K	1.09%	—	2026-09-30
22	BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC	67,286	$845.11K	1.08%	—	2026-09-30
23	Envestnet Asset Management, Inc.	59,335	$776.10K	1.00%	—	2026-06-30
24	Kestra Advisory Services, LLC	56,256	$706.57K	0.91%	—	2026-09-30
25	Brookstone Capital Management	47,428	$595.70K	0.76%	—	2026-09-30

#	Filer	Notional Value	% of Total	Period

#	Filer	Notional Value	% of Total	Period

CPZ Insider Trading (Form 4)

Latest: 2025-12-18

Form 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
2025-12-18	John P Calamos Sr	President and Chairman	Sell (S)	−13,517	$14.74	-$199.3K	EDGAR
2025-12-17	John P Calamos Sr	President and Chairman	Sell (S)	−25,000	$14.72	-$368.1K	EDGAR
2025-12-16	John P Calamos Sr	President and Chairman	Sell (S)	−35,000	$14.61	-$511.3K	EDGAR
2025-01-31	Thomas E Herman	VP and CFO	Sell (S)	−26,783	$15.60	-$417.9K	EDGAR
2025-01-10	Christopher M Toub	Director	Buy (P)	+1,500	$15.20	$22.8K	EDGAR
2024-09-20	John S. Koudounis	Vice President	Sell (S)	−24,739	$15.41	-$381.2K	EDGAR
2024-05-02	Thomas E Herman	VP and CFO	Buy (P)	+16,308	$15.55	$253.7K	EDGAR
2024-02-15	Mark Mickey	Chief Compliance Officer	Buy (P)	+1,500	$14.90	$22.3K	EDGAR
2023-12-21	John P Calamos Sr	President and Chairman	Buy (P)	+18,000	$14.85	$267.2K	EDGAR
2023-12-20	John S. Koudounis	Vice President	Sell (S)	−5,400	$14.92	-$80.6K	EDGAR
2023-12-20	John P Calamos Sr	President and Chairman	Buy (P)	+15,813	$14.77	$233.6K	EDGAR
2023-12-19	John P Calamos Sr	President and Chairman	Buy (P)	+19,980	$14.83	$296.3K	EDGAR
2023-12-19	John P Calamos Sr	President and Chairman	Buy (P)	+13,715	$14.66	$201.1K	EDGAR
2021-06-22	Christopher M Toub	Director	Buy (P)	+500	$20.80	$10.4K	EDGAR
2021-05-25	John S. Koudounis	Vice President	Buy (P)	+12,000	$20.81	$249.7K	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.

CPZ Insider Holdings

3 insiders · @ $12.86

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	Thomas E Herman	VP and CFO	13,391	$172.2K	$35.7K	3	2025-01-31
2	John P Calamos Sr	President and Chairman	11,017	$141.7K	$902.1K	9	2025-12-18
3	Christopher M Toub	Director	3,000	$38.6K	$53.0K	3	2025-01-10

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.

CPZ Board & Officers

As of SEC filings through Dec 18, 2025

Directors 1

John P Calamos Sr · since Nov 25, 2019

Officers 3

John P Calamos Sr · President and Chairman · since Nov 25, 2019
John S. Koudounis · Vice President · since Nov 25, 2019
Walter M Kelly · Chief Compliance Officer · since Jul 29, 2025

Changes in the last 10 years (22)

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
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
Nov 25, 2019	William R Rybak became a director
Nov 25, 2019	Virginia G Breen became a director
Nov 25, 2019	Thomas E Herman became VP and CFO
Nov 25, 2019	Stephen B Timbers became a director
Nov 25, 2019	Robert Behan became Vice President
Nov 25, 2019	Mark Mickey became Chief Compliance Officer
Nov 25, 2019	Lloyd Wennlund became a director
Nov 25, 2019	John S. Koudounis became Vice President
Nov 25, 2019	John P Calamos Sr became a director
Nov 25, 2019	John P Calamos Sr became President and Chairman
Nov 25, 2019	John E Neal became a director
Nov 25, 2019	J Christopher Jackson became Vice President and Secretary
Nov 25, 2019	David D Tripple became a director
Nov 25, 2019	Dave Vanisko became Treasurer

Not reported recently (18)

Thomas E Herman · Last reported as VP and CFO in an SEC filing dated Jan 31, 2025
Christopher M Toub · Last reported as a director in an SEC filing dated Jan 10, 2025
Thomas P Kiley III · Last reported as Vice President in an SEC filing dated Dec 27, 2024
Mark Mickey · Last reported as Chief Compliance Officer in an SEC filing dated Feb 15, 2024
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
Robert Behan · Last reported as Vice President in an SEC filing dated Mar 2, 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
Karen Stuckey · Last reported as a director in an SEC filing dated Dec 20, 2019
Stephen B Timbers · Last reported as a director in an SEC filing dated Nov 25, 2019
William R Rybak · Last reported as a director in an SEC filing dated Nov 25, 2019
David D Tripple · Last reported as a director in an SEC filing dated Nov 25, 2019
John E Neal · Last reported as a director in an SEC filing dated Nov 25, 2019
Virginia G Breen · Last reported as a director in an SEC filing dated Nov 25, 2019
Dave Vanisko · Last reported as Treasurer in an SEC filing dated Nov 25, 2019
J Christopher Jackson · Last reported as Vice President and Secretary in an SEC filing dated Nov 25, 2019

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.

CPZ Proposed Insider Sales (Form 144)

Recent SEC Filings

Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).

Filing Date	Event	Link

Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.

Filing Date	Accession	Link

Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.

Filing Date	Accession	Link

ETF Holders

3 ETFs hold CPZ

3 shown · $8.71M total exposure · 0.99% AUM-weighted avg weight

#	ETF	Provider	Weight	$ Exposure	ETF AUM	As Of
1	YYY Amplify CEF High Income ETF	Amplify	0.99%	$6.5M	$655.6M	2026-11-06
2	CEFZ RiverNorth Active Income ETF	Nport	3.06%	$1.2M	—	2026-07-31
3	CEFS Saba Opportunistically Hedged Closed-End Funds ETF	Nport	0.22%	$987,312	—	2026-08-31

Fundamentals

? Fundamentals Guide

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.

Valuation

? Valuation Guide

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples

P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
EV/Sales — like P/S but accounts for debt + cash. Compare within sector.

Profitability & Yields

ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.

Balance Sheet

Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.

Reading the history chart

Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
Multiples expanding while earnings are flat = sentiment-driven rally.
Multiples compressing while earnings grow = value coming from fundamentals.

Metric:

Short Interest & Float

? Short Interest Guide

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions

Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
SI % of Float — short interest / free float. The key crowding metric.
Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
Free Float — shares available for public trading (total shares minus insider / restricted).
Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.

How to read the signals

SI % of Float < 5% — typical, no particular signal.
5–15% — elevated; watch for catalysts (earnings, guidance, macro).
15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
>30% — extreme; borrow is likely expensive and squeeze risk is material.
Days to Cover > 5 combined with high SI% amplifies squeeze potential.

History chart

Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Metric:

Constituent Performance

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Click any bar to view the full quote for that stock.

Constituents

Symbol	Name	Weight %	Price	1 Day	1 Week	1 Month

CPZ Calamos Long/Short Equity & Dynamic Income Trust

Trend Indicators

Momentum Oscillators

Volume & Volatility

Data Summary

Executive Summary

Technical Analysis

News & Sentiment Analysis

Risk & Volatility Assessment

Market Context & Positioning

Key Levels & Action Items

CPZ Options Activity & IV Rank

Risk Metrics

Analysis Details

CPZ Institutional Ownership (13F)

CPZ Insider Trading (Form 4)

CPZ Insider Holdings

CPZ Board & Officers

Directors 1

Officers 3

CPZ Proposed Insider Sales (Form 144)