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CME Implied Volatility, IV Rank & Options Chain

CME Group Inc. (CME) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for CME Group Inc.

Updated Reference data
Open CME in the Terminal CME GEX levels IV Intelligence Positioning

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Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.

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On this page
  1. Key facts
  2. Company overview
  3. Options market
  4. Volatility profile
  5. GEX analysis
  6. Common strategies
  7. FAQ

CME options trade with implied volatility typically in the 18% - 45% range, averaging 50K+ contracts in daily volume with good liquidity. Next earnings: Check earnings calendar. Weekly options and LEAPS are available.

CME implied volatility

As of 2026-10-26

As of 2026-10-26, CME's 30-day implied volatility is 24.7%, placing its 1-year IV percentile at 56.0 — above 56.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.

24.7%30-day IV
56.01-year IV rank

CME live chain, Greeks and GEX

Terminal

Every figure above is reference data. The live CME chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.

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CME options at a glance

Daily volume
50K+ contracts
IV range
18% - 45%
Bid-ask spread
Varies by strike
Expirations
Weekly, monthly, LEAPS
Open interest
500K+ contracts
Next earnings
Check earnings calendar
50K+ contractsAvg Volume
500K+ contractsOpen Interest
18% - 45%IV Range
GoodLiquidity
YesWeeklies
YesLEAPS

About CME Group Inc. (CME)

CME Group Inc. trades on NASDAQ. Options on CME are actively traded by retail and institutional investors.

Company profile

Sector
Financials
Industry
Financial Exchanges
Market cap
Large Cap
Exchange
NASDAQ

Key dates

Next earnings
Check earnings calendar
Earnings frequency
Quarterly
Dividend schedule
Varies
Fiscal year end
December

CME is an actively traded options name in the Financial Exchanges space.

ApexVol Terminal

Options analytics, live.

Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.

  • Live chains and Greeks
  • IV rank and percentile
  • Expected move and GEX
  • Screener and strategy P&L
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CME options market overview

CME options offer good liquidity for traders seeking exposure to Financial Exchanges.

Average daily volume
50K+ contracts
Total open interest
500K+ contracts
Put/call ratio
0.6 - 1.0 typical
Typical ATM spread
Varies by strike
Weekly options
Available
LEAPS available
Yes

Liquidity assessment: Good

CME options provide good liquidity for most trading strategies.

CME implied volatility and IV rank

CME implied volatility reflects market expectations for CME Group Inc. price movement.

18% - 25%Low IV, below average
25% - 35%Typical, normal conditions
35% - 45%Elevated, above average

Earnings impact

IV typically increases before earnings and contracts afterward (IV crush).

The post-earnings volatility drop is known as IV crush. Holders of short CME options should also understand early assignment risk around dividends and expiration.

Historical volatility vs IV

Compare IV to historical volatility to assess option pricing relative to realized moves.

Term structure

Term structure varies with market conditions and upcoming events.

The smile, the term structure and the cone for CME, on today's chain.

Open CME in IV Intelligence

CME gamma exposure (GEX)

Gamma Exposure (GEX) analysis for CME shows how dealer hedging may impact price behavior.

  • Typical GEX profile. GEX profile varies based on market conditions and option positioning.
  • Key levels. Major put and call walls at round number strikes may act as support/resistance.
  • Dealer hedging. Dealer hedging activity can influence price behavior at key gamma levels.

Where the gamma sits on CME right now, strike by strike.

See live CME GEX

Common CME options strategies

These are strategies commonly used by traders on CME options, based on typical market characteristics. This is not investment advice.

Covered CallsIncome. Used by CME traders for income exposure. Good liquidity supports efficient execution. Cash-Secured PutsIncome. Used by CME traders for income exposure. Good liquidity supports efficient execution. Vertical SpreadsDirectional. Used by CME traders for directional exposure. Good liquidity supports efficient execution. Iron CondorsNeutral. Used by CME traders for neutral exposure. Good liquidity supports efficient execution. StranglesVolatility. Used by CME traders for volatility exposure. Good liquidity supports efficient execution.

Every options strategy, ranked by what it is for

Key considerations for CME options

  • CME options liquidity: Good - affects execution quality
  • IV range: 18% - 45% - important for premium selling strategies
  • Earnings events can significantly impact IV and option prices
  • Consider position sizing based on underlying volatility
  • Weekly options available for short-term strategies
  • LEAPS available for longer-term positioning

CME key events

Earnings months. Q1, Q2, Q3, Q4

  • Industry conferences
  • Product announcements
  • Regulatory updates

CME options data by API, or in Claude

Every number on this page is one request away. The implied volatility API returns CME's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.

GET /api/mcp/data/iv-rank/CMEBearer token, JSON back
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
     "https://apexvol.com/api/mcp/data/iv-rank/CME"
In Claudethrough the MCP server
You

What is CME's IV rank right now, and where is its gamma flip?

Claude calls get_iv_rank and get_gex

Try GEX on CME in the console, more prompts for CME, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.

Written by
ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use.
Reviewed by
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.

Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →

Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.

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Questions

Frequently asked
about CME options.

What are CME options?

CME options are derivative contracts that give you the right to buy (call) or sell (put) CME Group Inc. shares at a specific price before expiration.

How do I analyze CME implied volatility?

CME IV typically ranges from 18% - 25% during quiet periods to 35% - 45% around earnings and major events. Compare current IV to historical ranges to assess relative value.

What is the typical bid-ask spread for CME options?

CME options have good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.

When does CME report earnings?

CME Group Inc. typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.

What strategies work best for CME options?

Popular CME strategies include covered calls, cash-secured puts, and vertical spreads. Strategy selection depends on market outlook and risk tolerance.

What is the best time to trade CME options?

The most liquid trading hours for CME options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.

How do I calculate CME option Greeks?

Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for CME options across all strikes and expirations.

What happens to CME options at expiration?

In-the-money CME options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.

What is CME's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence CME's intraday price action. GEX profile varies based on market conditions and option positioning. Dealer hedging activity can influence price behavior at key gamma levels. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live CME GEX levels and the gamma-flip point on ApexVol.

What is CME's IV rank?

CME's IV rank shows where CME's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. CME implied volatility typically ranges from 18% - 45%. Check CME's live IV rank and percentile on ApexVol's IV analytics.

Keep reading

Where CME
gets priced.

CME analytics

Options CalculatorCalculate option prices and Greeks IV CalculatorAnalyze implied volatility Strategy BuilderBuild and analyze options strategies

Run it, do not just read it

Options profit calculatorPayoff, breakeven and Greeks. Greeks calculatorDelta, gamma, theta, vega. IV rank calculatorImplied volatility and IV rank. Options chainReal-time Greeks on a live chain. Greeks heatmapWhere the exposure actually sits. Volatility labIV analysis across the surface. Strategy simulatorTest the structure before you place it. IV intelligenceThe surface in three dimensions. Options screenerFind the setups worth a look. Historical dataPast snapshots, back to 2007. EarningsHistorical moves and the IV around them. 0DTE analyticsSame-day expiration, same-day risk.

Related tickers

JPM optionsJPMorgan Chase &. Related ticker. GS optionsGoldman Sachs Group. Related ticker. MS optionsMorgan Stanley. Related ticker. V optionsVisa. Related ticker. MA optionsMastercard. Related ticker.

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