Caledonia Mining Plc (CMCL) Options Chain

NYSE: CMCLBasic MaterialsPrecious MetalsUSD

23.75-0.66 (-2.70%)

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

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $23.75
Put/call ratio (OI): 0.60
Put/call ratio (volume): 0.09
ATM implied volatility: 76.0%
Expected move: ±$7.79
Open interest (C / P): 1.14K / 680

CMCL options summary

The CMCL options chain for the December 18, 2026 expiration lists 10 call and 9 put contracts, with 68 days until expiration. Open interest stands at 1,136 calls and 680 puts, a put/call ratio of 0.60, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $22.50 strike is 76.0%, which implies the market expects a move of about ±$7.79 (32.8%) in Caledonia Mining Plc stock by expiration.

The most open interest sits at the $30.00 call (250 contracts) and the $20.00 put (417 contracts).

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

CMCL options chain · December 18, 2026

CMCL 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
5	3	132.8%	12.95	10.20	13.60	12.50	0.00	0.75	0.50	113.3%	1	14
39	9	122.2%	8.98	7.70	9.80	15.00	0.00	0.95	0.74	92.7%	1	16
12	5	100.2%	5.30	5.30	7.50	17.50	0.00	1.15	0.40	73.0%	1	97
153	1	64.4%	7.00	3.10	6.40	20.00	0.35	0.75	0.45	56.1%	1	417
19	3	73.4%	4.37	1.45	3.60	22.50	0.15	2.55	1.47	78.6%	1	12
CMCL $23.75
126	8	51.4%	1.85	1.00	2.20	25.00	2.10	4.00	2.00	56.3%	1	40
250	1	56.6%	0.75	0.00	1.20	30.00	6.00	8.30	6.40	66.2%	1	83
250	100	69.1%	0.47	0.10	0.70	35.00	0.00	0.00	13.10	—	5	0
69	1	83.5%	0.40	0.00	0.75	40.00	—	—	—	—	—	—
213	4	86.7%	0.25	0.00	0.45	45.00	18.20	21.80	20.70	105.7%	—	1

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 CMCL put/call ratio?

For the December 18, 2026 expiration, the CMCL put/call ratio based on open interest is 0.60 (680 puts vs 1,136 calls), and 0.09 based on today's volume. A ratio above 1 means more puts than calls.

What is CMCL's implied volatility?

At-the-money implied volatility for CMCL options expiring December 18, 2026 is about 76.0%, an annualized estimate of how much the market expects Caledonia Mining Plc stock to move.

How many CMCL option expiration dates are there?

CMCL has 4 listed expiration dates, from Oct 16, 2026 to Mar 19, 2027.

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.