CUMMINS INC (CMI) Options Statistics & Positioning

CUMMINS INC (CMI) options trade at a 30-day at-the-money implied volatility of 41.2%, an IV rank of 17 out of 100 over the past year. The options market prices a ±$38.63 (±5.7%) move in CMI for the front expiration. Max pain sits at $640 and the put/call open interest ratio is 1.06. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$676.45

52-week range

$338.84 – $734.00

ATM IV (30d)

41.2%

IV rank

17 / 100

Low

Expected move

±$38.63 (±5.7%)

Put/call OI

1.06

Max pain

$640

↓ 5.4% below close

Next earnings

Aug 2, 2026

Most Active CMI Contracts

Contract	Expiration	DTE	Last	IV	Volume
CMI $650 call	Jul 17, 2026	7d	$36.00	45.1%	77
CMI $670 call	Aug 21, 2026	42d	$49.70	47.6%	71
CMI $730 call	Aug 21, 2026	42d	$24.80	46.1%	54
CMI $500 put	Jul 17, 2026	7d	$0.05	95.7%	20
CMI $680 call	Jul 17, 2026	7d	$15.70	41.2%	19

See all active CMI contracts →

Explore CMI Options Statistics

CMI Implied Volatility

41.2% ATM IV (30d)

An IV rank of 17 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

CMI Open Interest

1.06 put/call OI ratio

10,142 calls and 10,794 puts outstanding across all expirations.

Full open interest analysis →

CMI Max Pain

$640 max pain

5.4% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

CMI Gamma Exposure

-$58.14M net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

CMI Options Volume

358 contracts traded

Put/call volume ratio 0.27 — plus contracts running far above their usual volume.

Full volume & flow analysis →

CMI Most Active Options

$670 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 Aug 2, 2026. Options currently price a ±$38.63 (±5.7%) 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 Aug 2, 2026. Options currently price a ±$38.63 (±5.7%) 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.