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: Nov 13, 2026
Days to expiration: 34
Share price: $164.17
Put/call ratio (OI): 2.41
Put/call ratio (volume): 0.40
ATM implied volatility: 71.0%
Expected move: ±$35.55
Open interest (C / P): 491 / 1.18K

CBRS options summary

The CBRS options chain for the November 13, 2026 expiration lists 35 call and 31 put contracts, with 34 days until expiration. Open interest stands at 491 calls and 1,182 puts, a put/call ratio of 2.41, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $165.00 strike is 71.0%, which implies the market expects a move of about ±$35.55 (21.7%) in Cerebras Systems stock by expiration.

The most open interest sits at the $230.00 call (83 contracts) and the $150.00 put (415 contracts).

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

CBRS options chain · November 13, 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
1	1	78.6%	74.00	51.20	58.50	110.00	—	—	0.63	—	—	—
—	—	—	—	—	—	120.00	—	—	0.70	—	—	—
—	—	—	—	—	—	125.00	0.35	2.20	1.50	66.5%	3	11
—	—	—	—	—	—	130.00	1.50	2.70	2.16	68.3%	84	13
—	—	—	—	—	—	135.00	2.05	4.70	3.20	71.3%	11	83
—	—	—	—	—	—	140.00	3.60	4.80	4.15	68.5%	32	66
—	—	—	—	—	—	145.00	5.40	6.30	5.90	69.8%	96	48
2	20	74.2%	23.10	20.20	24.90	150.00	7.00	8.60	8.00	71.0%	22	415
8	137	78.2%	19.70	18.70	22.10	155.00	8.80	10.70	10.01	70.4%	6	197
—	—	—	—	—	—	157.50	—	—	12.00	—	—	—
3	21	72.4%	18.90	14.20	19.10	160.00	11.00	13.00	12.34	70.0%	12	93
—	—	—	—	—	—	162.50	11.40	14.90	13.29	69.4%	7	10
CBRS $164.17
5	310	79.7%	14.70	13.90	17.60	165.00	10.60	15.50	15.00	62.2%	17	40
—	—	—	14.30	—	—	167.50	12.50	18.60	16.32	67.6%	18	59
20	21	79.9%	12.30	10.50	16.90	170.00	15.80	20.00	17.90	71.9%	77	39
17	14	76.8%	16.00	9.20	15.00	172.50	15.80	23.10	19.86	71.9%	6	13
70	88	73.0%	11.50	7.90	13.00	175.00	18.90	23.70	21.30	73.1%	4	17
7	3	78.5%	12.00	9.00	12.40	177.50	20.30	26.30	23.60	74.8%	1	11
19	302	82.8%	9.96	8.80	12.70	180.00	21.90	28.30	25.99	75.3%	2	18
—	—	—	11.00	—	—	182.50	23.60	28.90	24.15	72.0%	2	14
16	4	76.9%	9.75	5.80	10.50	185.00	25.50	31.50	28.98	74.3%	1	8
—	—	—	6.90	—	—	187.50	27.40	33.70	24.65	75.3%	1	4
33	5	83.7%	7.89	6.20	10.10	190.00	29.30	36.10	31.95	76.7%	15	16
6	1	82.8%	6.63	4.50	10.30	192.50	30.00	37.90	32.05	72.7%	1	1
—	—	—	7.60	—	—	195.00	33.30	38.50	33.67	72.3%	10	5
3	4	87.5%	5.95	4.70	9.60	197.50	35.10	41.80	33.75	75.5%	—	1
80	98	89.3%	5.63	5.00	8.90	200.00	—	—	29.55	—	—	—
13	11	83.3%	5.40	3.30	7.70	202.50	—	—	—	—	—	—
12	1	82.8%	4.70	3.10	6.90	205.00	—	—	—	—	—	—
20	1	87.9%	3.42	3.10	6.90	210.00	—	—	46.95	—	—	—
14	6	84.4%	3.14	2.65	5.00	215.00	—	—	46.72	—	—	—
5	1	84.7%	3.60	1.70	4.90	220.00	—	—	—	—	—	—
7	11	82.2%	2.88	1.55	3.50	225.00	—	—	55.20	—	—	—
83	1	93.8%	2.65	1.40	5.40	230.00	—	—	—	—	—	—
—	—	—	2.04	—	—	235.00	—	—	63.65	—	—	—
—	—	—	2.06	—	—	240.00	—	—	—	—	—	—
—	—	—	3.89	—	—	245.00	—	—	—	—	—	—
29	1	99.7%	1.70	0.05	4.90	250.00	—	—	—	—	—	—
—	—	—	2.75	—	—	255.00	—	—	—	—	—	—
1	1	99.4%	2.34	0.05	3.70	260.00	—	—	—	—	—	—
—	—	—	2.33	—	—	265.00	—	—	—	—	—	—
1	1	110.8%	1.61	0.00	4.70	270.00	—	—	—	—	—	—
16	2	114.0%	0.57	0.35	4.40	275.00	—	—	—	—	—	—

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 November 13, 2026 expiration, the CBRS put/call ratio based on open interest is 2.41 (1,182 puts vs 491 calls), and 0.40 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 November 13, 2026 is about 71.0%, 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.