Canadian Pacific Kansas City (CP) Options Chain
NYSE: CPIndustrialsRailroadsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- May 21, 2027
- Days to expiration
- 223
- Share price
- $84.46
- Put/call ratio (OI)
- 5.77
- Put/call ratio (volume)
- 1.00
- Expected move
- ±$17.23
- Open interest (C / P)
- 123 / 710
CP options summary
The CP options chain for the May 21, 2027 expiration lists 8 call and 3 put contracts, with 223 days until expiration. Open interest stands at 123 calls and 710 puts, a put/call ratio of 5.77, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $85.00 strike is 26.1%, which implies the market expects a move of about ±$17.23 (20.4%) in Canadian Pacific Kansas City stock by expiration.
The most open interest sits at the $92.50 call (107 contracts) and the $75.00 put (628 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
CP options chain · May 21, 2027
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 34.50 | 24.10 | 28.30 | 60.00 | — | — | — | |||||
| 22.08 | 15.30 | 19.40 | 70.00 | — | — | — | |||||
| 17.51 | 11.20 | 14.40 | 75.00 | 1.05 | 2.60 | 2.00 | |||||
| — | — | — | 80.00 | 2.60 | 4.60 | 3.70 | |||||
| 6.38 | 6.00 | 8.00 | 85.00 | 4.80 | 5.80 | 5.60 | |||||
| 6.98 | 3.00 | 5.80 | 90.00 | — | — | — | |||||
| 3.95 | 2.50 | 4.50 | 92.50 | — | — | — | |||||
| 5.30 | 1.60 | 4.10 | 95.00 | — | — | — | |||||
| 1.13 | 0.00 | 2.80 | 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 May 21, 2027 expiration, the CP put/call ratio based on open interest is 5.77 (710 puts vs 123 calls), and 1.00 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 May 21, 2027 is about 26.1%, 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.