Cerebras Systems (CBRS) Options Chain

NASDAQ: CBRSTechnologySemiconductorsUSD

164.17-3.75 (-2.23%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $164.17
Put/call ratio (OI): 1.01
Put/call ratio (volume): 0.60
ATM implied volatility: 65.5%
Expected move: ±$12.59
Open interest (C / P): 55.08K / 55.49K

CBRS options summary

The CBRS options chain for the October 16, 2026 expiration lists 69 call and 67 put contracts, with 5 days until expiration. Open interest stands at 55,082 calls and 55,486 puts, a put/call ratio of 1.01, which is fairly balanced between calls and puts. At-the-money implied volatility near the $165.00 strike is 65.5%, which implies the market expects a move of about ±$12.59 (7.7%) in Cerebras Systems stock by expiration.

The most open interest sits at the $185.00 call (7.40K contracts) and the $125.00 put (27.07K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CBRS options chain · October 16, 2026

CBRS calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
5	1	268.8%	90.50	72.20	77.50	90.00	0.00	0.10	0.05	184.4%	1	50
1	2	251.2%	87.70	67.30	72.50	95.00	0.00	0.65	0.10	217.6%	1	62
15	3	213.3%	82.00	62.30	67.00	100.00	0.00	0.05	0.04	143.8%	16	124
10	—	691.8%	74.20	78.10	83.80	105.00	0.00	0.40	0.15	168.8%	3	37
38	6	170.1%	60.00	52.10	57.00	110.00	0.00	0.25	0.13	143.0%	10	274
83	2	1035.2%	115.30	91.50	99.50	115.00	0.00	0.65	0.05	149.6%	5	70
40	1	164.0%	80.06	42.50	47.60	120.00	0.00	0.65	0.05	134.2%	5	148
23	3	183.0%	58.00	36.90	41.20	125.00	0.00	0.20	0.05	98.6%	126	27,067
4	1	101.8%	82.00	32.10	36.80	130.00	0.00	0.05	0.05	71.9%	19	836
5	2	62.9%	48.00	26.50	31.90	135.00	0.00	0.10	0.10	67.0%	31	294
25	5	110.0%	24.50	23.00	28.10	140.00	0.05	0.30	0.17	68.0%	995	2,793
5	1	79.0%	21.50	17.60	22.40	145.00	0.35	0.45	0.39	65.5%	261	1,363
460	6	74.4%	15.51	14.50	16.60	150.00	0.80	1.00	0.93	64.4%	886	2,022
164	2	64.2%	11.15	10.00	12.10	155.00	1.70	2.00	1.88	63.7%	419	2,448
167	42	72.8%	7.90	7.30	9.40	160.00	3.40	3.70	3.60	64.9%	1,019	3,159
CBRS $164.17
714	1,416	64.8%	5.40	4.50	5.60	165.00	5.80	6.20	5.90	66.3%	1,144	1,747
1,470	721	69.2%	3.50	3.20	3.70	170.00	8.80	9.60	8.00	68.2%	1,107	2,915
1,028	828	66.9%	2.25	1.50	2.35	175.00	12.20	14.30	13.15	74.3%	189	1,022
314	232	72.9%	1.85	1.65	1.95	177.50	13.50	16.70	14.60	72.4%	43	66
7,128	3,155	73.3%	1.44	1.30	1.50	180.00	15.70	18.60	17.07	71.8%	77	1,702
322	97	74.2%	1.05	1.00	1.20	182.50	17.10	21.00	19.58	65.5%	27	98
7,397	1,808	75.9%	0.90	0.85	0.95	185.00	20.30	23.60	21.59	81.0%	22	346
72	15	78.0%	0.70	0.70	0.80	187.50	22.40	26.20	23.50	83.6%	3	52
1,556	1,656	79.1%	0.55	0.55	0.65	190.00	25.20	28.50	26.24	90.6%	150	1,579
132	40	79.1%	0.46	0.35	0.55	192.50	26.70	30.70	28.01	76.0%	3	108
906	85	82.0%	0.35	0.35	0.45	195.00	29.30	33.00	31.10	78.4%	2	530
46	7	80.7%	0.35	0.10	0.45	197.50	29.40	35.70	33.00	136.9%	1	14
3,710	1,598	85.1%	0.28	0.25	0.30	200.00	33.90	38.50	36.80	89.9%	4	1,538
92	2	86.3%	0.22	0.00	0.45	202.50	35.50	40.80	36.65	150.6%	5	23
693	23	86.7%	0.20	0.15	0.20	205.00	36.80	44.40	39.80	176.5%	2	28
100	20	104.5%	0.29	0.00	0.80	207.50	39.40	45.70	43.85	159.8%	21	36
1,609	90	92.4%	0.15	0.10	0.20	210.00	44.20	47.80	45.83	94.1%	9	1,231
71	7	96.1%	0.15	0.10	0.20	212.50	45.20	50.70	40.00	170.4%	13	5
762	145	107.8%	0.11	0.00	0.50	215.00	47.70	53.20	38.76	175.5%	2	11
155	1	123.4%	0.10	0.00	0.90	217.50	48.90	55.80	17.30	182.8%	—	4
1,562	39	100.8%	0.08	0.05	0.15	220.00	54.20	58.30	48.05	125.8%	3	377
26	3	125.6%	0.38	0.00	0.70	222.50	55.10	60.80	20.30	192.6%	—	2
1,339	9	107.4%	0.13	0.00	0.20	225.00	58.20	63.30	61.75	197.4%	30	1
14	1	123.8%	0.10	0.00	0.45	227.50	60.10	65.70	58.77	199.8%	1	4
1,498	18	122.7%	0.08	0.00	0.35	230.00	63.60	69.50	65.21	155.5%	650	651
27	1	141.8%	0.35	0.00	0.65	235.00	67.60	73.20	29.50	213.3%	—	0
525	1	148.5%	0.23	0.00	0.65	240.00	74.10	78.70	75.70	163.3%	69	70
226	2	151.2%	0.40	0.00	0.55	245.00	—	—	—	—	—	—
2,878	13	144.5%	0.20	0.00	0.30	250.00	83.20	88.80	84.86	147.1%	350	362
892	2	155.9%	0.18	0.00	0.30	260.00	92.60	100.00	92.89	184.0%	24	10
580	2	175.8%	0.03	0.00	0.45	270.00	102.40	108.40	101.90	273.5%	167	100
872	2	145.3%	0.03	0.00	0.05	280.00	113.20	118.20	113.26	282.1%	4	0
805	5	196.5%	0.05	0.00	0.45	290.00	121.80	128.90	125.54	313.7%	100	100
2,093	12	206.1%	0.03	0.00	0.45	300.00	133.20	138.20	132.47	307.7%	1	1
58	1	215.4%	0.15	0.00	0.45	310.00	143.20	148.20	143.29	319.6%	29	3
2,304	1,015	177.3%	0.05	0.00	0.05	320.00	0.00	0.00	100.20	—	1	0
430	1	244.3%	0.35	0.00	0.65	330.00	0.00	0.00	97.25	—	—	0
81	8	298.2%	0.25	0.00	1.95	340.00	172.60	178.20	154.15	352.4%	1	0
628	9	261.1%	0.07	0.00	0.65	350.00	0.00	0.00	105.40	—	—	0
968	2	256.6%	0.21	0.00	0.45	360.00	0.00	0.00	124.40	—	—	0
206	50	303.1%	0.12	0.00	1.25	370.00	—	—	—	—	—	—
617	20	217.2%	0.05	0.00	0.05	380.00	213.20	218.30	201.89	393.9%	14	0
175	100	278.3%	0.10	0.00	0.45	390.00	202.10	209.30	187.40	—	1	1
720	9	228.1%	0.03	0.00	0.05	400.00	0.00	0.00	152.90	—	5	0
121	1	291.6%	0.05	0.00	0.45	410.00	0.00	0.00	152.83	—	—	0
21	1	311.7%	0.05	0.00	0.65	420.00	0.00	0.00	173.70	—	—	0
82	1	290.6%	0.05	0.00	0.30	430.00	0.00	0.00	174.70	—	—	0
130	1	310.2%	0.25	0.00	0.45	440.00	0.00	0.00	188.10	—	—	0
348	2	316.0%	0.05	0.00	0.45	450.00	0.00	0.00	191.10	—	—	0
2,280	15	321.9%	0.03	0.00	0.45	460.00	0.00	0.00	208.20	—	1	0
53	10	327.3%	0.10	0.00	0.45	470.00	0.00	0.00	235.46	—	—	0
20	10	312.1%	0.02	0.00	0.25	480.00	0.00	0.00	251.80	—	1	0
120	10	317.2%	0.02	0.00	0.25	490.00	301.40	309.30	281.46	—	1	2
3,061	15	322.3%	0.02	0.00	0.25	500.00	0.00	0.00	257.30	—	1	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CBRS put/call ratio?

For the October 16, 2026 expiration, the CBRS put/call ratio based on open interest is 1.01 (55,486 puts vs 55,082 calls), and 0.60 based on today's volume. A ratio above 1 means more puts than calls.

What is CBRS's implied volatility?

At-the-money implied volatility for CBRS options expiring October 16, 2026 is about 65.5%, an annualized estimate of how much the market expects Cerebras Systems stock to move.

How many CBRS option expiration dates are there?

CBRS has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.