Cal-Maine (CALM) traded 20X daily calls on 3/14 with IV30 climbing 10% as unusual afternoon action bought more than 2,850 April $50 OTM calls up to $1 from $0.70 with the company slated to report results in late March. CALM also has one of the stronger charts in the market with a strong consolidation breakout to start the week and the monthly breaking out of a six year trend of lower highs and out of a large volume zone. CALM is the largest producer of shell eggs in the US (19% market share) with vertically integrated operations including hatching chicks, developing layers (hens) and processing, packaging and distributing shell & specialty eggs. 90%+ of sales are in the retail/grocery channel. CALM’s share performance largely tracks with wholesale Southeast large egg prices. CALM has a $2.23B market cap and trades 18.6X FY23 EBITDA with EBITDA seen rising 147% in 2022 and 40% in 2023. CALM is likely to post strong results with a recent surge in egg prices and Avian Flu circulating in the US.