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: Jan 15, 2027
Days to expiration: 96
Share price: $164.17
Put/call ratio (OI): 0.67
Put/call ratio (volume): 1.33
ATM implied volatility: 72.4%
Expected move: ±$60.98
Open interest (C / P): 23.53K / 15.82K

CBRS options summary

The CBRS options chain for the January 15, 2027 expiration lists 53 call and 44 put contracts, with 96 days until expiration. Open interest stands at 23,526 calls and 15,823 puts, a put/call ratio of 0.67, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $165.00 strike is 72.4%, which implies the market expects a move of about ±$60.98 (37.1%) in Cerebras Systems stock by expiration.

The most open interest sits at the $220.00 call (4.11K contracts) and the $250.00 put (1.81K contracts).

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

CBRS options chain · January 15, 2027

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
13	1	79.8%	84.50	72.20	79.30	90.00	0.45	1.05	0.57	68.1%	1	473
4	2	74.8%	91.85	67.50	74.20	95.00	0.25	2.00	0.86	68.3%	1	139
61	31	72.9%	66.86	64.20	68.30	100.00	0.95	1.75	1.25	65.5%	17	822
15	6	71.2%	60.50	58.80	64.70	105.00	1.20	2.00	1.90	62.7%	25	91
24	1	70.7%	58.68	54.80	60.20	110.00	1.85	3.40	2.30	65.7%	3	761
4	4	70.2%	55.69	49.80	57.00	115.00	2.60	4.50	3.00	66.1%	1	38
24	2	75.7%	59.40	47.70	53.60	120.00	4.10	5.20	4.60	66.4%	1,005	628
52	3	72.8%	51.90	44.00	48.90	125.00	5.40	6.20	5.90	66.0%	26	552
25	2	72.1%	44.11	41.20	44.50	130.00	6.40	7.60	7.10	65.1%	18	858
17	10	73.3%	39.29	37.40	42.40	135.00	7.00	10.20	8.80	65.1%	2	309
16	1	71.2%	38.70	34.80	37.70	140.00	10.00	11.20	10.67	65.8%	25	583
35	4	73.2%	33.00	31.80	36.10	145.00	11.60	13.20	12.73	65.1%	12	393
188	23	71.4%	30.90	28.60	32.80	150.00	14.40	15.60	14.50	66.4%	27	1,643
36	13	74.8%	28.00	26.20	32.30	155.00	16.80	17.50	17.50	65.6%	8	291
119	60	72.7%	25.65	25.00	27.50	160.00	19.50	20.50	19.70	66.4%	1,028	749
CBRS $164.17
104	111	74.8%	23.94	23.20	26.30	165.00	22.10	25.90	23.26	70.1%	699	548
486	70	74.7%	21.90	21.40	24.00	170.00	25.10	26.50	26.17	66.6%	26	847
208	33	70.9%	20.20	18.00	21.10	175.00	28.30	31.70	28.80	69.8%	1	630
893	268	73.4%	18.24	17.50	19.80	180.00	30.00	32.90	32.00	64.4%	18	1,095
342	6	73.2%	17.07	16.30	17.70	185.00	35.00	38.20	35.32	69.5%	5	174
491	34	74.9%	15.66	14.50	17.70	190.00	36.60	40.00	40.00	63.9%	1	505
84	16	75.1%	14.30	13.70	15.90	195.00	42.20	46.40	34.85	71.1%	1	132
802	54	73.1%	13.10	12.50	13.30	200.00	45.00	47.50	46.32	65.3%	31	512
907	1,022	73.9%	11.00	10.20	11.70	210.00	52.90	58.10	53.00	69.7%	7	441
4,113	181	75.1%	9.60	9.00	9.90	220.00	61.10	67.00	60.80	70.8%	4	210
1,288	23	77.2%	7.80	7.40	9.50	230.00	69.60	74.20	71.00	68.1%	15	185
844	20	75.7%	6.60	5.50	7.90	240.00	78.50	83.10	80.00	68.4%	5	79
2,686	20	76.8%	6.25	5.50	6.20	250.00	87.60	94.00	88.35	72.9%	18	1,808
466	5	77.7%	4.90	4.00	6.20	260.00	96.10	101.60	96.94	67.1%	3	128
482	15	80.0%	4.50	4.00	5.50	270.00	104.80	110.30	100.25	62.1%	1	49
157	57	78.2%	3.85	2.85	4.50	280.00	116.20	119.80	115.00	68.8%	1	27
126	1	80.2%	3.57	2.85	4.00	290.00	124.50	129.50	110.70	63.5%	1	20
1,382	27	80.6%	3.00	2.85	3.10	300.00	134.20	141.20	126.05	72.8%	20	37
195	4	80.4%	2.74	2.00	3.00	310.00	143.90	150.90	141.10	73.0%	1	40
61	3	84.5%	2.50	1.55	3.80	320.00	0.00	0.00	108.00	—	12	0
82	3	83.1%	2.41	1.30	2.95	330.00	—	—	—	—	—	—
46	6	86.3%	1.90	1.10	3.30	340.00	172.80	179.10	159.89	56.1%	1	3
2,116	127	82.7%	1.56	1.15	1.90	350.00	182.30	190.10	165.10	66.3%	1	18
108	2	85.3%	1.65	0.85	2.25	360.00	0.00	0.00	137.40	—	—	0
60	2	87.7%	1.85	0.50	2.65	370.00	190.30	196.10	183.00	—	2	1
99	2	86.6%	1.34	0.55	2.00	380.00	—	—	—	—	—	—
167	1	88.9%	1.35	0.75	1.85	390.00	209.00	215.20	233.30	—	1	3
735	1	87.1%	0.96	0.60	1.40	400.00	0.00	0.00	188.50	—	—	0
59	11	87.9%	1.30	0.15	1.70	410.00	—	—	—	—	—	—
77	14	90.0%	1.12	0.10	1.80	420.00	0.00	0.00	211.90	—	—	0
58	2	90.6%	0.85	0.20	1.55	430.00	—	—	—	—	—	—
10	2	94.6%	0.77	0.10	1.95	440.00	—	—	—	—	—	—
197	6	95.5%	1.27	0.05	1.90	450.00	273.40	280.30	256.00	—	1	1
19	1	89.5%	0.58	0.35	0.75	460.00	—	—	—	—	—	—
8	2	89.2%	0.73	0.05	0.90	470.00	—	—	—	—	—	—
111	1	90.6%	0.50	0.10	0.85	480.00	—	—	—	—	—	—
452	2	94.4%	0.56	0.40	0.75	490.00	—	—	—	—	—	—
2,372	3	92.8%	0.45	0.40	0.50	500.00	0.00	0.00	260.50	—	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 January 15, 2027 expiration, the CBRS put/call ratio based on open interest is 0.67 (15,823 puts vs 23,526 calls), and 1.33 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 January 15, 2027 is about 72.4%, 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.