Canadian Pacific Kansas City (CP) Options Chain

NYSE: CPIndustrialsRailroadsUSD

84.46+0.11 (+0.13%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $84.46
Put/call ratio (OI): 0.65
Put/call ratio (volume): 0.10
ATM implied volatility: 25.7%
Expected move: ±$11.11
Open interest (C / P): 4.32K / 2.83K

CP options summary

The CP options chain for the January 15, 2027 expiration lists 29 call and 24 put contracts, with 96 days until expiration. Open interest stands at 4,319 calls and 2,825 puts, a put/call ratio of 0.65, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $85.00 strike is 25.7%, which implies the market expects a move of about ±$11.11 (13.2%) in Canadian Pacific Kansas City stock by expiration.

The most open interest sits at the $85.00 call (843 contracts) and the $90.00 put (709 contracts).

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

CP options chain · January 15, 2027

CP 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
0	1	—	42.87	0.00	0.00	37.50	0.00	0.00	0.05	25.0%	10	0
0	300	—	54.00	0.00	0.00	40.00	0.00	0.00	0.10	25.0%	3	0
—	—	—	—	—	—	42.50	0.00	0.35	0.20	67.1%	20	60
0	1	—	46.14	0.00	0.00	45.00	0.00	0.00	0.05	25.0%	10	0
3	3	70.6%	30.00	35.00	40.00	47.50	0.00	0.25	0.30	54.4%	20	63
0	1	—	36.10	0.00	0.00	50.00	0.00	0.00	0.14	25.0%	1	0
0	1	—	22.00	18.20	21.30	55.00	0.00	2.15	0.15	65.4%	20	28
0	1,342	—	34.80	0.00	0.00	60.00	0.05	0.15	0.05	35.5%	1	146
11	1	111.7%	22.62	28.70	30.70	62.50	0.00	0.00	0.55	12.5%	1	0
0	2	—	31.69	0.00	0.00	65.00	0.00	0.95	0.18	43.2%	2	27
0	1	—	15.87	0.00	0.00	67.50	0.05	0.30	0.24	28.5%	1	412
167	6	88.9%	23.11	20.40	24.20	70.00	0.00	0.95	0.45	33.9%	4	94
0	2	—	24.16	0.00	0.00	72.50	0.05	1.05	0.50	30.4%	1	30
567	1	38.5%	12.30	9.80	12.10	75.00	0.10	1.30	0.96	27.9%	2	71
0	1	—	20.41	0.00	0.00	77.50	0.30	1.70	1.10	26.1%	1	202
343	2	33.3%	10.49	5.70	8.10	80.00	0.80	2.40	1.45	25.4%	14	141
106	6	32.6%	5.00	4.70	6.60	82.50	1.30	3.40	2.80	25.3%	8	151
CP $84.46
843	61	31.6%	3.60	2.55	5.20	85.00	2.15	3.70	3.80	19.8%	29	301
301	1	28.9%	2.65	1.70	3.70	87.50	4.20	6.10	5.00	25.1%	20	179
842	24	29.5%	1.85	0.75	2.95	90.00	5.50	7.80	4.86	25.2%	1	709
216	37	26.4%	1.20	1.05	1.80	92.50	7.10	10.50	6.60	30.9%	4	29
518	5	25.7%	1.15	0.45	1.20	95.00	9.70	12.60	7.10	32.2%	20	176
134	20	27.7%	1.25	0.00	1.05	97.50	4.70	6.40	8.60	—	—	6
138	12	29.8%	0.30	0.20	0.95	100.00	13.50	17.60	10.29	39.2%	2	0
45	28	37.4%	0.30	0.00	1.15	105.00	—	—	—	—	—	—
63	2	40.3%	0.17	0.00	0.95	110.00	—	—	—	—	—	—
12	5	47.3%	0.60	0.00	1.15	115.00	—	—	—	—	—	—
3	1	65.0%	1.30	0.00	5.00	120.00	—	—	—	—	—	—
0	1	12.5%	0.25	0.00	0.00	125.00	—	—	—	—	—	—
7	2	54.5%	0.75	0.00	1.55	130.00	—	—	—	—	—	—

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 CP put/call ratio?

For the January 15, 2027 expiration, the CP put/call ratio based on open interest is 0.65 (2,825 puts vs 4,319 calls), and 0.10 based on today's volume. A ratio above 1 means more puts than calls.

What is CP's implied volatility?

At-the-money implied volatility for CP options expiring January 15, 2027 is about 25.7%, an annualized estimate of how much the market expects Canadian Pacific Kansas City stock to move.

How many CP option expiration dates are there?

CP has 7 listed expiration dates, from Oct 16, 2026 to Dec 17, 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.