Cummins CMI
$450.07 +$1.49 (+0.33%)
Market closed · Nov 7, 9:10 am ET · Last extended-hours $453.09 +0.67%
Open$451.22
Prev close$448.58
Day range$448.50 – $459.81
Volume2.17M
Market cap$61.69B
P/E (TTM)18.8
Dividend yield1.82%
Average implied volatility across the listed chain right now: 54%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.
Open interest by strike
Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.
Implied volatility by strike
The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.
Calls
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 20 Nov 2026 | $450.00 | $16.55 | $14.60/$17.40 | 5 | 26 | 48% |
| 20 Nov 2026 | $460.00 | $12.18 | $9.70/$12.70 | 12 | 8 | 47% |
| 20 Nov 2026 | $440.00 | $24.33 | $20.10/$22.90 | 1 | 3 | 48% |
| 20 Nov 2026 | $470.00 | $8.36 | $6.30/$9.00 | 11 | 23 | 46% |
| 20 Nov 2026 | $430.00 | $27.24 | $27.10/$29.80 | 0 | 1 | 50% |
| 20 Nov 2026 | $480.00 | $4.50 | $3.60/$5.90 | 20 | 134 | 45% |
| 20 Nov 2026 | $420.00 | $34.16 | $34.60/$37.10 | 0 | 1 | 51% |
| 20 Nov 2026 | $490.00 | $3.80 | $1.10/$3.30 | 12 | 63 | 41% |
| 20 Nov 2026 | $410.00 | $41.93 | $42.70/$45.60 | 0 | 2 | 53% |
| 20 Nov 2026 | $500.00 | $1.60 | $1.00/$2.00 | 6 | 425 | 42% |
| 20 Nov 2026 | $400.00 | $50.16 | $51.00/$54.50 | 0 | 4 | 53% |
| 20 Nov 2026 | $510.00 | $1.15 | $0.15/$1.50 | 1 | 29 | 42% |
| 20 Nov 2026 | $390.00 | $59.76 | $60.80/$63.70 | 0 | 1 | 57% |
| 20 Nov 2026 | $520.00 | $0.78 | $0.10/$1.55 | 1 | 41 | 47% |
| 20 Nov 2026 | $530.00 | $1.04 | $0.05/$1.25 | 0 | 305 | 50% |
Puts
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 20 Nov 2026 | $450.00 | $19.45 | $14.20/$16.90 | 0 | 77 | 49% |
| 20 Nov 2026 | $460.00 | $17.90 | $19.70/$22.20 | 4 | 71 | 48% |
| 20 Nov 2026 | $440.00 | $12.85 | $9.70/$12.50 | 1 | 25 | 49% |
| 20 Nov 2026 | $470.00 | $26.80 | $26.40/$28.60 | 8 | 120 | 48% |
| 20 Nov 2026 | $430.00 | $7.20 | $6.30/$8.80 | 1 | 122 | 50% |
| 20 Nov 2026 | $480.00 | $30.00 | $33.60/$36.40 | 1 | 77 | 48% |
| 20 Nov 2026 | $420.00 | $4.21 | $4.00/$6.10 | 2 | 75 | 50% |
| 20 Nov 2026 | $490.00 | $39.96 | $41.40/$44.50 | 2 | 150 | 48% |
| 20 Nov 2026 | $410.00 | $4.90 | $2.65/$4.10 | 0 | 32 | 52% |
| 20 Nov 2026 | $500.00 | $48.48 | $50.90/$53.20 | 12 | 272 | 50% |
| 20 Nov 2026 | $400.00 | $2.83 | $1.40/$3.10 | 0 | 33 | 54% |
| 20 Nov 2026 | $510.00 | $61.13 | $60.20/$62.70 | 414 | 626 | 52% |
| 20 Nov 2026 | $390.00 | $0.60 | $0.20/$3.20 | 35 | 50 | 58% |
| 20 Nov 2026 | $520.00 | $75.83 | $69.50/$72.40 | 0 | 141 | 54% |
| 20 Nov 2026 | $530.00 | $80.92 | $79.70/$82.40 | 401 | 643 | 61% |
Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.
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