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 21, 2028
Days to expiration: 468
Share price: $164.17
Put/call ratio (OI): 0.46
Put/call ratio (volume): 0.21
ATM implied volatility: 72.7%
Expected move: ±$135.22
Open interest (C / P): 7.08K / 3.25K

CBRS options summary

The CBRS options chain for the January 21, 2028 expiration lists 53 call and 39 put contracts, with 468 days until expiration. Open interest stands at 7,077 calls and 3,245 puts, a put/call ratio of 0.46, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $165.00 strike is 72.7%, which implies the market expects a move of about ±$135.22 (82.4%) in Cerebras Systems stock by expiration.

The most open interest sits at the $500.00 call (1.29K contracts) and the $90.00 put (569 contracts).

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

CBRS options chain · January 21, 2028

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
6	2	81.8%	101.00	86.50	95.00	90.00	10.80	11.80	11.04	68.3%	79	569
21	23	83.6%	98.00	86.10	91.30	95.00	12.00	13.60	12.30	67.6%	1	328
81	10	83.6%	86.00	83.20	88.90	100.00	14.10	16.10	14.55	68.5%	4	48
1	—	82.9%	127.20	80.40	85.90	105.00	15.10	17.70	16.00	66.8%	1	56
14	1	82.7%	86.00	77.70	83.50	110.00	17.80	21.20	18.88	68.8%	4	86
11	2	80.2%	78.90	73.10	80.80	115.00	18.70	24.00	21.40	67.9%	2	15
22	147	81.2%	74.84	72.90	77.40	120.00	21.10	24.50	21.55	66.1%	2	54
9	1	80.6%	83.90	68.30	76.90	125.00	23.20	27.90	23.90	66.6%	1	62
13	5	82.2%	70.70	68.00	74.70	130.00	25.60	29.80	27.51	65.9%	4	91
11	1	79.5%	82.57	64.00	71.50	135.00	28.10	34.00	32.90	67.0%	3	47
7	3	79.1%	66.30	61.00	70.00	140.00	32.60	36.20	33.50	67.9%	4	282
32	1	80.7%	78.00	61.10	68.00	145.00	34.70	38.10	35.35	66.5%	1	32
154	25	80.2%	62.40	61.10	63.70	150.00	36.50	41.80	39.90	66.2%	3	160
8	4	79.2%	63.60	56.90	63.10	155.00	39.90	44.30	38.79	66.0%	2	6
36	6	79.8%	56.90	56.20	61.20	160.00	44.00	48.60	45.55	67.6%	92	283
CBRS $164.17
48	5	80.2%	57.00	55.20	59.40	165.00	45.70	50.10	45.75	65.3%	2	52
190	87	79.9%	55.55	53.60	57.40	170.00	48.70	53.00	51.80	64.8%	15	169
37	3	80.2%	53.20	52.00	56.40	175.00	52.90	57.10	54.97	66.0%	3	116
197	7	80.5%	53.40	50.60	55.30	180.00	55.50	60.20	59.00	65.2%	2	66
25	1	80.3%	50.20	49.20	53.50	185.00	59.70	63.70	54.00	65.7%	1	116
65	4	79.6%	49.05	47.00	52.00	190.00	60.00	67.50	61.10	63.6%	1	50
18	1	81.5%	50.00	47.00	52.00	195.00	66.60	70.80	64.40	65.5%	2	88
717	18	80.7%	46.60	46.50	48.90	200.00	70.10	74.20	66.00	65.2%	2	111
72	19	79.9%	44.86	42.00	47.40	210.00	77.50	81.60	76.40	65.1%	2	50
122	1	80.4%	44.00	40.30	45.30	220.00	83.70	89.10	80.50	64.0%	1	41
62	2	79.4%	41.55	37.50	42.30	230.00	92.10	96.00	89.40	63.6%	1	41
68	2	80.6%	38.14	36.40	41.30	240.00	100.00	104.60	86.70	63.9%	77	49
134	8	80.8%	39.12	35.00	39.20	250.00	107.20	115.00	92.00	64.8%	25	76
17	2	80.8%	36.86	32.80	37.90	260.00	114.20	122.40	99.70	63.2%	10	11
27	1	80.8%	33.59	31.20	36.30	270.00	0.00	0.00	121.00	—	1	0
39	2	81.1%	36.27	30.00	34.90	280.00	113.80	123.00	143.50	43.2%	—	21
14	1	80.8%	48.00	28.00	33.50	290.00	140.20	147.00	133.70	62.5%	8	3
211	3	81.1%	27.00	27.00	32.20	300.00	148.00	157.00	143.82	62.6%	1	62
7	1	81.1%	27.45	25.60	31.10	310.00	—	—	—	—	—	—
32	2	79.5%	32.00	24.50	27.40	320.00	0.00	0.00	143.70	—	—	0
15	25	81.0%	50.00	23.10	28.70	330.00	—	—	—	—	—	—
10	1	80.9%	34.00	20.50	29.00	340.00	0.00	0.00	180.04	—	—	0
338	154	78.3%	24.28	19.60	24.30	350.00	—	—	186.00	—	—	—
39	1	79.6%	30.05	18.00	25.70	360.00	—	—	—	—	—	—
20	2	82.7%	39.14	19.20	27.00	370.00	—	—	—	—	—	—
14	2	82.2%	25.00	18.40	25.30	380.00	—	—	—	—	—	—
362	356	81.1%	34.70	17.50	23.10	390.00	—	—	—	—	—	—
80	2	83.3%	20.30	18.20	23.70	400.00	238.00	247.00	241.50	58.3%	1	2
60	18	81.3%	26.09	14.00	23.70	410.00	—	—	—	—	—	—
941	575	82.2%	21.60	15.00	22.50	420.00	—	—	—	—	—	—
12	18	82.1%	18.00	14.30	21.70	430.00	—	—	—	—	—	—
30	1	82.9%	18.90	14.50	21.20	440.00	—	—	—	—	—	—
340	149	82.1%	17.55	14.00	19.40	450.00	—	—	—	—	—	—
36	1	84.3%	17.00	14.00	21.00	460.00	—	—	—	—	—	—
53	4	79.3%	33.07	11.70	16.10	470.00	—	—	—	—	—	—
132	1	80.3%	23.32	10.00	17.90	480.00	—	—	—	—	—	—
780	10	83.8%	18.87	13.50	17.50	490.00	0.00	0.00	279.05	—	—	0
1,287	25	81.8%	14.60	13.00	14.70	500.00	301.00	311.00	349.20	—	3	2

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 21, 2028 expiration, the CBRS put/call ratio based on open interest is 0.46 (3,245 puts vs 7,077 calls), and 0.21 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 21, 2028 is about 72.7%, 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.