CMI Gamma Exposure, IV Rank & Implied Volatility
Cummins Inc. (CMI) options data — GEX, IV rank, options chain & Greeks
CMI options trade with implied volatility typically in the 18% - 40% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
An IV rank near 39.4 (the value shown here is illustrative) would mean implied volatility is in roughly the 39.4th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live CMI IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real CMI IV history on the live platform →
Comprehensive options market data for Cummins Inc.
CMI Options at a Glance
What's Covered in This Guide
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
Key Dates
Cummins Inc. operates in the Industrials sector.
2 CMI Options Market Overview
CMI options provide good liquidity for options traders.
Liquidity Assessment: Good
CMI options are available for trading across multiple expirations.
3 CMI Implied Volatility & IV Rank
CMI implied volatility is moderate, reflecting economic cycle exposure and industrial spending trends. IV is driven by earnings and macroeconomic data.
Earnings Impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short CMI options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
CMI IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
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:
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.
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.
What is CMI's options trading profile?
CMI (Cummins Inc.) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 18% - 40% range. The position sits in the Industrials category for portfolio diversification and options strategy design.
How does CMI implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on CMI?
Popular strategies on CMI options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 18% - 40% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is CMI's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence CMI's intraday price action. CMI tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live CMI GEX levels and the gamma-flip point on ApexVol.
What is CMI's IV rank?
CMI's IV rank shows where CMI'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. CMI implied volatility typically ranges from 18% - 40%. Check CMI's live IV rank and percentile on ApexVol's IV analytics.
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