Canadian National Railway (CNI) Options Chain
NYSE: CNIIndustrialsRailroadsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Nov 20, 2026
- Days to expiration
- 40
- Share price
- $117.78
- Put/call ratio (OI)
- 0.75
- Put/call ratio (volume)
- 0.34
- Expected move
- ±$10.07
- Open interest (C / P)
- 933 / 704
CNI options summary
The CNI options chain for the November 20, 2026 expiration lists 5 call and 5 put contracts, with 40 days until expiration. Open interest stands at 933 calls and 704 puts, a put/call ratio of 0.75, which is fairly balanced between calls and puts. At-the-money implied volatility near the $120.00 strike is 25.8%, which implies the market expects a move of about ±$10.07 (8.6%) in Canadian National Railway stock by expiration.
The most open interest sits at the $125.00 call (559 contracts) and the $125.00 put (500 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
CNI options chain · November 20, 2026
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| — | — | — | 110.00 | 0.70 | 1.15 | 1.02 | |||||
| 4.80 | 4.00 | 7.50 | 115.00 | 0.85 | 3.80 | 2.40 | |||||
| 2.15 | 2.15 | 3.10 | 120.00 | 4.00 | 5.30 | 5.20 | |||||
| 1.10 | 0.80 | 1.35 | 125.00 | 6.30 | 10.00 | 6.20 | |||||
| 1.20 | 0.00 | 1.05 | 130.00 | 11.60 | 14.40 | 10.99 | |||||
| 0.10 | 0.00 | 1.75 | 140.00 | — | — | — | |||||
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 CNI put/call ratio?
For the November 20, 2026 expiration, the CNI put/call ratio based on open interest is 0.75 (704 puts vs 933 calls), and 0.34 based on today's volume. A ratio above 1 means more puts than calls.
What is CNI's implied volatility?
At-the-money implied volatility for CNI options expiring November 20, 2026 is about 25.8%, an annualized estimate of how much the market expects Canadian National Railway stock to move.
How many CNI option expiration dates are there?
CNI has 7 listed expiration dates, from Oct 16, 2026 to Apr 16, 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.