CUMMINS INC (CMI) Options Statistics & Positioning

CUMMINS INC (CMI) options trade at a 30-day at-the-money implied volatility of 30.1%, an IV rank of 11 out of 100 over the past year. The options market prices a ±$21.82 (±4.2%) move in CMI for the front expiration. Max pain sits at $540 and the put/call open interest ratio is 0.77. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$524.08

52-week range

$407.90 – $724.38

ATM IV (30d)

30.1%

IV rank

11 / 100

Low

Expected move

±$21.82 (±4.2%)

Put/call OI

0.77

Call-heavy

Max pain

$540

↑ 3.0% above close

Next earnings

Nov 2, 2026

What's CMI's IV rank right now?Where's the max pain for CMI?Explain what gamma exposure means for CMI.

Most Active CMI Contracts

Contract	Expiration	DTE	Last	IV	Volume
CMI $590 call	Nov 20, 2026	42d	$6.23	36.7%	123
CMI $560 call	Oct 16, 2026	7d	$0.72	33.0%	121
CMI $450 put	Dec 18, 2026	70d	$7.25	37.7%	26
CMI $380 put	Sep 17, 2027	343d	$14.35	37.3%	25
CMI $460 put	Dec 18, 2026	70d	$9.20	36.3%	24

See all active CMI contracts →

Explore CMI Options Statistics

CMI Implied Volatility

30.1% ATM IV (30d)

An IV rank of 11 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

CMI Open Interest

0.77 put/call OI ratio

10,031 calls and 7,735 puts outstanding across all expirations.

Full open interest analysis →

CMI Max Pain

$540 max pain

3.0% above the last close — see how max pain has moved over the past year.

Full max pain analysis →

CMI Gamma Exposure

-$183.12M net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

CMI Options Volume

499 contracts traded

Put/call volume ratio 0.49 — plus contracts running far above their usual volume.

Full volume & flow analysis →

CMI Most Active Options

$560 top volume strike

The 25 most actively traded CMI contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

CMI's next expected earnings date is Nov 2, 2026. Options currently price a ±$21.82 (±4.2%) move for the front expiration.

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CMI Options FAQ

When is CMI's next earnings date?

CMI's next expected earnings date is Nov 2, 2026. Options currently price a ±$21.82 (±4.2%) move for the front expiration.

How often is CMI options data on this page updated?

All CMI statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see CMI max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated CMI pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.