Canadian Imperial Bank of Commerce (CM) Options Chain

NYSE: CMFinanceCommercial BanksUSD

109.20+1.02 (+0.94%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $109.20
Put/call ratio (OI): 1.03
Put/call ratio (volume): 3.74
ATM implied volatility: 25.2%
Expected move: ±$11.88
Open interest (C / P): 2.10K / 2.17K

CM options summary

The CM options chain for the December 18, 2026 expiration lists 13 call and 14 put contracts, with 68 days until expiration. Open interest stands at 2,102 calls and 2,170 puts, a put/call ratio of 1.03, which is fairly balanced between calls and puts. At-the-money implied volatility near the $110.00 strike is 25.2%, which implies the market expects a move of about ±$11.88 (10.9%) in Canadian Imperial Bank of Commerce stock by expiration.

The most open interest sits at the $125.00 call (594 contracts) and the $115.00 put (566 contracts).

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

CM options chain · December 18, 2026

CM 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
—	—	—	—	—	—	65.00	0.00	0.35	0.20	59.2%	1	12
—	—	—	—	—	—	70.00	0.00	0.40	0.16	52.8%	1	1
—	—	—	—	—	—	80.00	0.00	0.95	0.36	54.1%	8	43
—	—	—	—	—	—	85.00	0.00	0.00	1.00	12.5%	5	0
0	1	87.5%	27.79	25.20	27.80	90.00	0.05	0.85	0.55	36.5%	1	276
—	—	—	—	—	—	95.00	0.35	1.40	0.54	34.0%	5	14
15	5	35.9%	17.77	12.10	13.90	97.50	0.75	1.15	0.65	27.6%	1	5
15	5	69.0%	20.30	16.30	18.90	100.00	0.95	1.50	1.30	26.2%	63	350
153	170	29.9%	8.12	6.10	7.90	105.00	2.15	2.80	2.70	24.8%	82	160
CM $109.20
353	1	26.8%	4.00	4.00	4.70	110.00	4.00	4.90	4.40	23.6%	2	352
589	5	25.0%	2.10	2.05	2.50	115.00	6.70	8.50	6.93	26.2%	5	566
166	1	24.4%	1.72	0.45	1.25	120.00	10.80	12.60	9.70	28.4%	6	29
594	3	24.4%	0.50	0.15	0.60	125.00	13.80	17.90	13.45	37.0%	500	212
52	1	31.1%	0.95	0.05	0.75	130.00	19.00	22.80	22.10	42.3%	54	150
162	2	31.7%	0.15	0.05	0.45	135.00	—	—	—	—	—	—
0	1	12.5%	1.30	0.00	0.00	140.00	—	—	—	—	—	—
2	—	51.0%	0.33	0.15	2.50	145.00	—	—	—	—	—	—
1	1	57.1%	0.14	0.00	1.15	155.00	—	—	—	—	—	—

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 CM put/call ratio?

For the December 18, 2026 expiration, the CM put/call ratio based on open interest is 1.03 (2,170 puts vs 2,102 calls), and 3.74 based on today's volume. A ratio above 1 means more puts than calls.

What is CM's implied volatility?

At-the-money implied volatility for CM options expiring December 18, 2026 is about 25.2%, an annualized estimate of how much the market expects Canadian Imperial Bank of Commerce stock to move.

How many CM option expiration dates are there?

CM has 6 listed expiration dates, from Oct 16, 2026 to Jan 21, 2028.

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.