ApexVol
Industrials Industrial Live Data Updated 2026-03-01

CMI Options

Cummins Inc. Options Chain, Implied Volatility & Greeks

Comprehensive options market data for Cummins Inc. (CMI). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.

CMI Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 18% - 40%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
18% - 40%
Market Cap
$40B+
Weeklies
Yes

1 About Cummins Inc. (CMI)

Cummins designs and manufactures diesel and alternative fuel engines, power generation systems, and related components for commercial and industrial applications globally.

Company Profile

Sector Industrials
Industry Specialty Industrial Machinery
Market Cap $40B+
Exchange NYSE

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

Cummins Inc. operates in the Industrials sector.

2 CMI Options Market Overview

CMI options provide good liquidity for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Good

CMI options are available for trading across multiple expirations.

3 CMI Volatility Profile

CMI implied volatility is moderate, reflecting economic cycle exposure and industrial spending trends. IV is driven by earnings and macroeconomic data.

Low IV Environment
18% - 23%
Below average volatility
Typical IV Range
23% - 34%
Normal conditions
Elevated IV
34% - 40%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

Historical Volatility vs IV

CMI IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View CMI Volatility Lab

CMI Gamma Exposure (GEX)

Gamma Exposure analysis for CMI reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: CMI tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live CMI GEX

4 Common CMI Options Strategies

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

Popular for CMI shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on CMI.

Range-bound strategy for CMI between events.

Key Considerations for CMI Options

  • CMI options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

Frequently Asked Questions: CMI Options

What is CMI's typical implied volatility?

CMI implied volatility typically ranges from 18% - 40%.

Does CMI have weekly options?

CMI offers weekly options.

Explore CMI Options Data

Access institutional-grade analytics including gamma exposure, implied volatility, and real-time options flow.