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: Mar 19, 2027
Days to expiration: 159
Share price: $84.46
Put/call ratio (OI): 0.88
Put/call ratio (volume): 0.73
ATM implied volatility: 25.3%
Expected move: ±$14.13
Open interest (C / P): 893 / 786

CP options summary

The CP options chain for the March 19, 2027 expiration lists 11 call and 10 put contracts, with 159 days until expiration. Open interest stands at 893 calls and 786 puts, a put/call ratio of 0.88, which is fairly balanced between calls and puts. At-the-money implied volatility near the $85.00 strike is 25.3%, which implies the market expects a move of about ±$14.13 (16.7%) in Canadian Pacific Kansas City stock by expiration.

The most open interest sits at the $95.00 call (427 contracts) and the $80.00 put (616 contracts).

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

CP options chain · March 19, 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
—	—	—	—	—	—	60.00	—	—	0.20	—	—	—
—	—	—	—	—	—	65.00	0.00	0.75	0.44	31.4%	1	1
4	1	43.2%	18.50	14.70	17.80	70.00	0.50	0.90	0.75	25.9%	8	28
—	—	—	—	—	—	75.00	0.55	1.65	1.30	24.0%	1	37
—	—	—	—	—	—	77.50	0.95	2.20	1.80	23.1%	12	9
6	1	33.6%	13.16	7.00	9.70	80.00	2.10	2.55	2.45	20.5%	21	616
—	—	—	—	—	—	82.50	2.00	4.60	3.44	25.2%	18	26
CP $84.46
6	1	30.4%	10.99	4.10	6.50	85.00	3.30	4.80	4.30	20.3%	1	26
16	1	28.8%	5.00	3.10	5.10	87.50	4.30	7.10	5.10	24.1%	4	42
75	2	25.5%	2.90	2.25	3.50	90.00	—	—	—	—	—	—
118	1	25.5%	2.30	1.65	2.75	92.50	7.60	10.30	8.00	23.0%	—	1
427	1	26.6%	1.65	0.85	2.35	95.00	—	—	—	—	—	—
83	19	26.6%	1.70	0.40	1.85	97.50	—	—	—	—	—	—
108	21	26.3%	1.00	0.30	1.40	100.00	—	—	—	—	—	—
47	42	27.0%	1.30	0.00	0.90	105.00	—	—	—	—	—	—
3	1	37.6%	0.65	0.00	1.75	110.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the CP put/call ratio based on open interest is 0.88 (786 puts vs 893 calls), and 0.73 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 March 19, 2027 is about 25.3%, 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.