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 20, 2026
Days to expiration: 40
Share price: $164.17
Put/call ratio (OI): 0.83
Put/call ratio (volume): 0.42
ATM implied volatility: 73.7%
Expected move: ±$40.04
Open interest (C / P): 21.11K / 17.43K

CBRS options summary

The CBRS options chain for the November 20, 2026 expiration lists 42 call and 37 put contracts, with 40 days until expiration. Open interest stands at 21,107 calls and 17,427 puts, a put/call ratio of 0.83, which is fairly balanced between calls and puts. At-the-money implied volatility near the $165.00 strike is 73.7%, which implies the market expects a move of about ±$40.04 (24.4%) in Cerebras Systems stock by expiration.

The most open interest sits at the $200.00 call (2.32K contracts) and the $115.00 put (4.41K contracts).

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

CBRS options chain · November 20, 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
20	1	121.0%	90.00	72.40	78.90	90.00	0.00	0.20	0.13	76.6%	10	68
4	1	97.3%	116.00	65.90	74.00	95.00	0.00	0.80	0.29	86.1%	1	121
27	4	99.5%	67.00	62.60	68.30	100.00	0.15	0.45	0.18	75.3%	38	337
1	—	282.1%	83.00	80.80	86.00	105.00	0.25	0.90	0.40	77.2%	1	47
11	1	67.9%	60.00	51.40	57.90	110.00	0.35	1.00	0.65	72.5%	2	57
14	10	72.9%	61.20	47.30	53.20	115.00	0.40	1.40	1.00	70.0%	4	4,405
2	2	82.0%	45.97	45.00	48.20	120.00	1.10	1.65	1.50	69.9%	44	344
5	1	70.5%	41.50	38.00	44.50	125.00	1.45	2.20	2.10	67.8%	17	232
15	4	74.6%	39.34	35.80	39.40	130.00	2.30	2.95	2.90	67.9%	590	360
55	4	74.2%	35.50	31.70	35.70	135.00	3.60	4.20	4.20	69.7%	29	331
17	2	76.3%	30.00	28.40	32.50	140.00	4.90	5.50	5.38	69.7%	60	831
33	2	74.0%	26.97	25.20	28.20	145.00	6.40	7.30	6.70	70.2%	44	696
264	9	75.0%	23.20	22.40	25.20	150.00	8.20	8.80	8.60	69.2%	56	1,279
18	2	74.5%	22.80	19.60	22.10	155.00	10.50	11.20	10.90	70.4%	100	484
164	54	78.6%	17.80	17.60	20.70	160.00	12.90	14.10	13.15	71.7%	114	1,040
CBRS $164.17
78	109	74.3%	15.80	15.40	16.40	165.00	15.40	17.50	16.30	73.0%	43	458
1,232	761	75.4%	13.90	13.60	14.50	170.00	18.20	21.10	19.35	74.4%	18	1,981
1,050	55	76.0%	12.15	11.80	12.80	175.00	21.40	22.80	22.16	71.2%	12	1,233
2,318	217	76.5%	10.40	10.50	11.00	180.00	24.80	27.20	25.70	73.8%	9	775
251	49	77.6%	8.80	9.00	10.00	185.00	26.00	33.50	28.40	74.8%	5	282
440	484	76.3%	8.00	7.50	8.40	190.00	32.30	35.10	33.15	75.9%	3	506
240	12	79.9%	7.10	6.30	8.70	195.00	34.40	39.60	36.20	72.9%	102	345
2,320	752	78.1%	6.10	5.80	6.50	200.00	39.50	43.10	40.72	74.3%	30	497
613	286	78.7%	4.70	4.20	5.00	210.00	47.90	51.00	49.80	72.3%	6	350
750	45	79.4%	3.49	3.20	3.70	220.00	56.80	60.90	58.55	76.2%	1	124
605	17	82.3%	2.80	2.50	3.20	230.00	65.30	69.80	68.13	72.0%	5	58
457	37	83.5%	2.20	2.05	2.40	240.00	74.40	81.30	61.75	81.5%	1	97
1,234	53	84.7%	1.78	1.55	1.95	250.00	82.50	90.90	72.20	73.2%	12	55
1,819	21	85.5%	1.35	1.20	1.50	260.00	94.40	98.40	85.20	72.7%	1	4
137	3	86.7%	1.12	0.95	1.20	270.00	104.00	110.20	101.75	89.6%	1	16
198	5	87.6%	0.86	0.65	1.05	280.00	0.00	0.00	84.30	—	—	0
1,061	14	83.6%	0.70	0.15	0.80	290.00	0.00	0.00	77.40	—	10	0
730	8	92.6%	0.59	0.50	0.85	300.00	132.70	138.70	130.00	123.0%	1	5
48	1	96.6%	0.64	0.10	1.25	310.00	130.00	135.20	138.72	—	—	9
301	52	89.1%	0.39	0.10	0.50	320.00	152.50	159.70	146.52	88.0%	—	0
276	5	95.3%	0.55	0.15	0.60	330.00	—	—	—	—	—	—
49	1	93.5%	0.55	0.15	0.35	340.00	0.00	0.00	120.60	—	—	0
1,522	1	92.4%	0.50	0.05	0.30	350.00	—	—	—	—	—	—
914	1	93.5%	0.05	0.05	0.25	360.00	—	—	—	—	—	—
269	4	106.9%	0.45	0.00	0.70	370.00	—	—	—	—	—	—
87	5	108.7%	0.30	0.00	0.65	380.00	0.00	0.00	183.62	—	—	0
1,458	154	106.5%	0.10	0.05	0.40	390.00	—	—	—	—	—	—

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 20, 2026 expiration, the CBRS put/call ratio based on open interest is 0.83 (17,427 puts vs 21,107 calls), and 0.42 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 20, 2026 is about 73.7%, 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.