Canadian Pacific Railway CP
$92.17 −$1.59 (-1.70%)
Market closed · Nov 7, 9:10 am ET · Last extended-hours $92.17 0.00%
Open$92.23
Prev close$93.76
Day range$91.25 – $92.80
Volume2.17M
Market cap$80.15B
P/E (TTM)29.8
Dividend yield0.76%
Average implied volatility across the listed chain right now: 39%. 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 | $92.50 | $1.61 | $0.40/$2.10 | 5 | 1,359 | 19% |
| 20 Nov 2026 | $90.00 | $3.15 | $2.30/$4.70 | 7 | 239 | 31% |
| 20 Nov 2026 | $95.00 | $0.66 | $0.30/$1.00 | 377 | 2,801 | 24% |
| 20 Nov 2026 | $87.50 | $6.62 | $3.40/$6.00 | 0 | 81 | 0% |
| 20 Nov 2026 | $97.50 | $0.86 | $0.05/$0.40 | 0 | 362 | 24% |
| 20 Nov 2026 | $85.00 | $8.97 | $5.30/$9.30 | 0 | 114 | 16% |
| 20 Nov 2026 | $100.00 | $0.43 | $0.00/$1.75 | 0 | 138 | 37% |
| 20 Nov 2026 | $82.50 | $11.40 | $7.70/$11.70 | 0 | 132 | 0% |
| 20 Nov 2026 | $80.00 | $13.87 | $10.20/$14.20 | 0 | 1 | 0% |
| 20 Nov 2026 | $105.00 | $0.09 | $0.00/$0.10 | 0 | 68 | 37% |
| 20 Nov 2026 | $77.50 | $16.36 | $12.70/$16.70 | 0 | 4 | 0% |
| 20 Nov 2026 | $75.00 | $18.85 | $15.20/$19.10 | 0 | 10 | 0% |
| 20 Nov 2026 | $110.00 | $0.02 | $0.00/$0.10 | 0 | 16 | 38% |
| 20 Nov 2026 | $70.00 | $23.84 | $20.20/$24.10 | 0 | 3 | 0% |
| 20 Nov 2026 | $115.00 | $0.00 | $0.00/$1.35 | 0 | 16 | 39% |
Puts
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 20 Nov 2026 | $92.50 | $1.45 | $1.65/$2.25 | 1 | 135 | 27% |
| 20 Nov 2026 | $90.00 | $0.75 | $0.70/$1.10 | 25 | 1,869 | 27% |
| 20 Nov 2026 | $95.00 | $2.42 | $2.45/$3.90 | 0 | 142 | 20% |
| 20 Nov 2026 | $87.50 | $0.25 | $0.00/$0.45 | 0 | 815 | 24% |
| 20 Nov 2026 | $97.50 | $4.50 | $3.50/$7.50 | 0 | 51 | 25% |
| 20 Nov 2026 | $85.00 | $0.10 | $0.00/$0.55 | 0 | 124 | 27% |
| 20 Nov 2026 | $100.00 | $6.58 | $6.00/$9.90 | 0 | 0 | 31% |
| 20 Nov 2026 | $82.50 | $0.04 | $0.00/$2.15 | 0 | 266 | 29% |
| 20 Nov 2026 | $80.00 | $0.01 | $0.00/$0.40 | 0 | 144 | 31% |
| 20 Nov 2026 | $105.00 | $11.27 | $11.20/$14.90 | 0 | 0 | 49% |
| 20 Nov 2026 | $77.50 | $0.00 | $0.00/$2.15 | 0 | 152 | 33% |
| 20 Nov 2026 | $75.00 | $0.00 | $0.00/$0.70 | 0 | 11 | 35% |
| 20 Nov 2026 | $110.00 | $16.24 | $15.90/$19.90 | 0 | 0 | 54% |
| 20 Nov 2026 | $70.00 | $0.00 | $0.00/$1.15 | 0 | 13 | 38% |
| 20 Nov 2026 | $115.00 | $21.24 | $20.90/$24.90 | 0 | 0 | 64% |
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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