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: Dec 17, 2027
Days to expiration: 432
Share price: $84.46
Put/call ratio (OI): 0.32
Put/call ratio (volume): 0.70
ATM implied volatility: 28.6%
Expected move: ±$26.32
Open interest (C / P): 547 / 173

CP options summary

The CP options chain for the December 17, 2027 expiration lists 23 call and 14 put contracts, with 432 days until expiration. Open interest stands at 547 calls and 173 puts, a put/call ratio of 0.32, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $85.00 strike is 28.6%, which implies the market expects a move of about ±$26.32 (31.2%) in Canadian Pacific Kansas City stock by expiration.

The most open interest sits at the $110.00 call (340 contracts) and the $65.00 put (45 contracts).

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

CP options chain · December 17, 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	—	44.10	0.00	0.00	37.50	0.00	0.80	0.30	48.8%	—	1
—	—	—	—	—	—	47.50	0.00	2.65	0.90	50.9%	1	42
0	1	—	46.25	0.00	0.00	50.00	—	—	—	—	—	—
0	1	—	34.90	0.00	0.00	60.00	0.00	1.30	1.30	27.3%	4	28
—	—	—	—	—	—	62.50	0.40	3.70	2.25	36.5%	—	20
9	1	44.4%	25.00	21.50	26.00	65.00	0.50	3.30	1.69	31.8%	14	45
10	1	39.5%	23.29	18.10	21.60	70.00	0.25	3.60	2.30	27.2%	2	3
1	1	37.0%	20.78	16.30	19.40	72.50	0.60	3.90	3.00	25.3%	12	13
8	1	36.7%	20.70	14.60	17.90	75.00	0.00	0.00	4.00	3.1%	2	0
6	1	56.4%	21.50	21.70	24.70	77.50	—	—	—	—	—	—
6	4	54.5%	16.75	20.10	22.90	80.00	0.00	0.00	4.00	1.6%	1	0
7	8	54.5%	13.20	16.50	20.50	82.50	4.00	9.00	7.20	27.6%	2	2
CP $84.46
50	8	33.5%	11.65	8.80	12.00	85.00	5.60	9.00	6.90	23.8%	2	5
5	1	33.3%	9.60	7.60	10.90	87.50	4.30	7.40	6.50	15.4%	1	10
0	6	1.6%	15.54	0.00	0.00	90.00	5.10	8.30	8.50	13.4%	—	1
18	1	31.9%	8.50	4.00	8.60	92.50	8.40	12.90	10.40	21.6%	1	3
22	2	31.3%	5.89	4.40	7.60	95.00	—	—	—	—	—	—
1	—	30.0%	7.75	3.40	6.40	97.50	—	—	—	—	—	—
29	1	29.6%	5.40	2.25	5.60	100.00	—	—	—	—	—	—
0	5	3.1%	6.40	0.00	0.00	105.00	—	—	—	—	—	—
340	10	30.0%	2.75	0.20	3.70	110.00	—	—	—	—	—	—
21	2	31.6%	1.60	0.00	3.40	115.00	—	—	—	—	—	—
7	1	32.9%	1.98	0.00	3.10	120.00	—	—	—	—	—	—
7	2	38.8%	2.30	0.70	4.10	125.00	—	—	—	—	—	—
0	1	6.3%	1.80	0.00	0.00	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 December 17, 2027 expiration, the CP put/call ratio based on open interest is 0.32 (173 puts vs 547 calls), and 0.70 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 December 17, 2027 is about 28.6%, 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.