Canadian Imperial Bank of Commerce (CM) Options Chain

NYSE: CMFinancial ServicesBanks - DiversifiedUSD

109.20+1.02 (+0.94%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $109.20
Put/call ratio (OI): 1.12
Put/call ratio (volume): 0.15
ATM implied volatility: 25.3%
Expected move: ±$14.15
Open interest (C / P): 2.21K / 2.47K

CM options summary

The CM options chain for the January 15, 2027 expiration lists 32 call and 28 put contracts, with 96 days until expiration. Open interest stands at 2,205 calls and 2,470 puts, a put/call ratio of 1.12, which is fairly balanced between calls and puts. At-the-money implied volatility near the $110.00 strike is 25.3%, which implies the market expects a move of about ±$14.15 (13.0%) in Canadian Imperial Bank of Commerce stock by expiration.

The most open interest sits at the $125.00 call (446 contracts) and the $105.00 put (1.37K contracts).

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

CM options chain · January 15, 2027

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
—	—	—	—	—	—	30.00	0.00	0.20	0.10	107.0%	2	16
—	—	—	—	—	—	35.00	0.00	3.50	0.05	157.9%	11	18
0	1	—	28.50	27.50	32.50	40.00	0.00	0.20	0.01	84.4%	4	12
—	—	—	—	—	—	45.00	0.00	0.75	0.60	91.4%	1	18
14	20	—	31.50	35.00	39.90	50.00	0.00	1.05	0.10	86.6%	1	37
85	10	—	15.30	17.00	20.40	55.00	0.00	2.80	0.75	95.7%	1	7
0	60	72.1%	55.10	50.20	54.20	57.50	0.00	0.20	0.25	55.7%	10	22
4	30	66.5%	53.20	47.70	51.60	60.00	0.00	0.30	0.10	55.5%	20	77
0	400	65.1%	50.80	45.20	49.30	62.50	0.00	0.20	0.19	54.4%	1	34
39	50	61.1%	48.30	42.70	46.80	65.00	0.00	2.15	0.20	71.0%	1	29
32	35	55.1%	45.40	40.30	44.00	67.50	0.05	3.30	1.35	75.0%	—	6
43	4	65.0%	41.37	39.00	41.90	70.00	0.50	1.45	1.50	61.1%	2	11
19	1	122.8%	47.01	43.20	47.30	72.50	0.25	1.65	1.45	56.8%	15	89
249	565	51.5%	38.20	33.10	37.00	75.00	0.55	1.10	2.60	51.2%	3	8
72	2	129.4%	34.18	42.00	44.50	77.50	4.60	5.30	9.10	85.2%	2	2
101	1	93.5%	40.68	34.30	38.00	80.00	0.00	0.95	0.35	45.6%	10	191
13	2	50.8%	34.00	26.40	28.50	82.50	0.75	3.60	1.23	54.1%	33	40
49	1	96.6%	33.80	32.00	35.00	85.00	0.00	3.10	0.95	57.1%	1	2
4	2	43.8%	27.69	21.60	23.60	87.50	0.05	1.15	0.50	37.2%	1	5
19	1	83.6%	25.02	26.40	30.10	90.00	0.95	2.00	2.50	40.7%	1	6
43	4	56.8%	14.05	20.60	23.20	92.50	0.00	3.30	1.50	45.4%	1	20
30	5	36.2%	17.30	14.60	16.70	95.00	0.85	1.45	1.38	29.1%	1	141
24	1	33.3%	13.40	12.50	14.40	97.50	1.05	1.75	2.05	27.4%	4	12
0	2	—	21.50	0.00	0.00	100.00	0.85	2.25	2.05	26.6%	4	102
25	1	51.6%	16.80	12.10	15.00	105.00	2.70	3.50	3.30	24.3%	2	1,371
CM $109.20
34	1	25.7%	5.25	3.80	5.40	110.00	3.80	6.00	5.50	24.8%	21	132
118	4	24.0%	1.90	2.05	3.10	115.00	6.60	9.10	5.50	24.9%	5	35
125	1	23.9%	1.55	0.90	1.80	120.00	11.10	13.10	8.00	26.7%	26	27
446	29	25.1%	1.30	0.10	1.15	125.00	—	—	—	—	—	—
437	2	28.0%	0.87	0.10	0.95	130.00	—	—	—	—	—	—
166	1	32.1%	0.46	0.00	0.95	135.00	—	—	—	—	—	—
9	1	33.9%	0.95	0.00	0.75	140.00	—	—	—	—	—	—
1	1	52.7%	0.55	0.00	2.60	145.00	—	—	—	—	—	—
0	—	12.5%	0.55	0.00	0.00	150.00	—	—	—	—	—	—
4	2	43.6%	0.05	0.00	0.75	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 January 15, 2027 expiration, the CM put/call ratio based on open interest is 1.12 (2,470 puts vs 2,205 calls), and 0.15 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 January 15, 2027 is about 25.3%, 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.