Cummins Stock Options
| CMI Stock | USD 377.72 5.70 1.49% |
Cummins' latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 0.71 with a put-to-call open interest ratio of 13.87 over 66 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-12-20. The total put volume is at 120, with calls trading at the volume of 120. This yields a 0.14 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
2024-12-20
The chart above shows Cummins' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Cummins' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Cummins' option, there is no secondary market available for investors to trade.
In The Money vs. Out of Money Option Contracts on Cummins
Analyzing Cummins' in-the-money options over time can help investors to take a profitable long position in Cummins regardless of its overall volatility. This is especially true when Cummins' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Cummins' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Cummins' stock while costing only a fraction of its price.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Cummins In The Money Call Balance
When Cummins' strike price is surpassing the current stock price, the option contract against Cummins stock is said to be in the money. When it comes to buying Cummins' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Cummins are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Cummins Current Options Market Mood
Cummins' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Cummins Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Unfortunately, most Cummins' options investors are not very successful. Cummins' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current Cummins contract
Base on the Rule 16, the options market is currently suggesting that Cummins will have an average daily up or down price movement of about 0.0444% per day over the life of the 2024-12-20 option contract. With Cummins trading at USD 377.72, that is roughly USD 0.17. If you think that the market is fully incorporating Cummins' daily price movement you should consider buying Cummins options at the current volatility level of 0.71%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Cummins |
Purchasing Cummins options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Cummins calls. Remember, the seller must deliver Cummins stock to the call owner when a call is exercised.
Cummins Option Chain
When Cummins' strike price is surpassing the current stock price, the option contract against Cummins stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Cummins' option chain is a display of a range of information that helps investors for ways to trade options on Cummins. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Cummins. It also shows strike prices and maturity days for a Cummins against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Expiration | Current Spread | Last Price | |||
Call | CMI Option Call 20-12-2024 150 | 0 | 2024-12-20 | 0.0 - 0.0 | 220.11 | In |
Call | CMI Option Call 20-12-2024 160 | 1 | 2024-12-20 | 61.0 - 65.9 | 75.1 | In |
Call | CMI Option Call 20-12-2024 170 | 0 | 2024-12-20 | 0.0 - 0.0 | 199.95 | In |
Call | CMI Option Call 20-12-2024 175 | 0 | 2024-12-20 | 0.0 - 0.0 | 195.12 | In |
Call | CMI Option Call 20-12-2024 180 | 0 | 2024-12-20 | 0.0 - 0.0 | 189.7 | In |
Call | CMI Option Call 20-12-2024 185 | 3 | 2024-12-20 | 82.7 - 84.5 | 72.55 | In |
Call | CMI Option Call 20-12-2024 190 | 2 | 2024-12-20 | 82.1 - 86.8 | 58.1 | In |
Call | CMI Option Call 20-12-2024 200 | 8 | 2024-12-20 | 102.7 - 106.0 | 93.35 | In |
Call | CMI Option Call 20-12-2024 210 | 0 | 2024-12-20 | 0.0 - 0.0 | 153.14 | In |
Call | CMI Option Call 20-12-2024 220 | 0 | 2024-12-20 | 0.0 - 0.0 | 149.1 | In |
Call | CMI Option Call 20-12-2024 230 | 0 | 2024-12-20 | 0.0 - 0.0 | 139.3 | In |
Call | CMI Option Call 20-12-2024 240 | 0 | 2024-12-20 | 0.0 - 0.0 | 132.2 | In |
Call | CMI Option Call 20-12-2024 250 | 0 | 2024-12-20 | 0.0 - 0.0 | 119.4 | In |
Call | CMI Option Call 20-12-2024 260 | 0 | 2024-12-20 | 0.0 - 0.0 | 110.2 | In |
Call | CMI Option Call 20-12-2024 270 | 0 | 2024-12-20 | 0.0 - 0.0 | 116.0 | In |
Call | CMI Option Call 20-12-2024 280 | 0 | 2024-12-20 | 0.0 - 0.0 | 88.8 | In |
Call | CMI Option Call 20-12-2024 290 | 0 | 2024-12-20 | 0.0 - 0.0 | 86.0 | In |
Call | CMI Option Call 20-12-2024 300 | 0 | 2024-12-20 | 0.0 - 0.0 | 79.0 | In |
Call | CMI Option Call 20-12-2024 310 | 0 | 2024-12-20 | 0.0 - 0.0 | 60.1 | In |
Call | CMI Option Call 20-12-2024 320 | 0 | 2024-12-20 | 0.0 - 0.0 | 60.18 | In |
Call | CMI Option Call 20-12-2024 330 | 0 | 2024-12-20 | 0.0 - 0.0 | 51.2 | In |
Call | CMI Option Call 20-12-2024 340 | 0 | 2024-12-20 | 0.0 - 0.0 | 41.32 | In |
Call | CMI Option Call 20-12-2024 350 | 0 | 2024-12-20 | 0.0 - 0.0 | 36.96 | In |
Call | CMI Option Call 20-12-2024 360 | 0 | 2024-12-20 | 0.0 - 0.0 | 20.49 | In |
Call | CMI Option Call 20-12-2024 370 | 0 | 2024-12-20 | 0.0 - 0.0 | 11.76 | In |
Call | CMI Option Call 20-12-2024 380 | 0 | 2024-12-20 | 0.0 - 0.0 | 4.8 | |
Call | CMI Option Call 20-12-2024 390 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.14 | |
Call | CMI Option Call 20-12-2024 400 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.12 | |
Call | CMI Option Call 20-12-2024 410 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.4 | |
Call | CMI Option Call 20-12-2024 420 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.15 | |
Call | CMI Option Call 20-12-2024 450 | 1 | 2024-12-20 | 0.0 - 2.15 | 2.15 | Out |
Put | CMI Option Put 20-12-2024 110 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.2 | |
Put | CMI Option Put 20-12-2024 115 | 4 | 2024-12-20 | 0.6 - 0.85 | 1.0 | Out |
Put | CMI Option Put 20-12-2024 120 | 5 | 2024-12-20 | 0.0 - 3.3 | 0.05 | Out |
Put | CMI Option Put 20-12-2024 130 | 1 | 2024-12-20 | 0.0 - 2.2 | 0.4 | Out |
Put | CMI Option Put 20-12-2024 145 | 2 | 2024-12-20 | 0.15 - 4.2 | 1.55 | Out |
Put | CMI Option Put 20-12-2024 150 | 10 | 2024-12-20 | 0.0 - 2.2 | 0.2 | Out |
Put | CMI Option Put 20-12-2024 155 | 1 | 2024-12-20 | 3.4 - 4.0 | 10.4 | Out |
Put | CMI Option Put 20-12-2024 160 | 5 | 2024-12-20 | 0.4 - 4.9 | 2.8 | Out |
Put | CMI Option Put 20-12-2024 165 | 2 | 2024-12-20 | 2.75 - 6.8 | 3.8 | Out |
Put | CMI Option Put 20-12-2024 170 | 10 | 2024-12-20 | 0.0 - 0.0 | 0.25 | Out |
Put | CMI Option Put 20-12-2024 175 | 8 | 2024-12-20 | 0.35 - 4.6 | 5.0 | Out |
Put | CMI Option Put 20-12-2024 180 | 11 | 2024-12-20 | 0.05 - 4.0 | 2.5 | Out |
Put | CMI Option Put 20-12-2024 185 | 1 | 2024-12-20 | 0.65 - 3.2 | 1.48 | Out |
Put | CMI Option Put 20-12-2024 190 | 8 | 2024-12-20 | 0.0 - 0.95 | 2.0 | Out |
Put | CMI Option Put 20-12-2024 195 | 13 | 2024-12-20 | 0.0 - 2.2 | 0.45 | Out |
Put | CMI Option Put 20-12-2024 200 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Put | CMI Option Put 20-12-2024 210 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Put | CMI Option Put 20-12-2024 220 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Put | CMI Option Put 20-12-2024 230 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.15 | |
Put | CMI Option Put 20-12-2024 240 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.12 | |
Put | CMI Option Put 20-12-2024 250 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Put | CMI Option Put 20-12-2024 260 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.0 | |
Put | CMI Option Put 20-12-2024 270 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Put | CMI Option Put 20-12-2024 280 | 127 | 2024-12-20 | 0.0 - 0.35 | 0.7 | Out |
Put | CMI Option Put 20-12-2024 290 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.05 | |
Put | CMI Option Put 20-12-2024 300 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.15 | |
Put | CMI Option Put 20-12-2024 310 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.08 | |
Put | CMI Option Put 20-12-2024 320 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.18 | |
Put | CMI Option Put 20-12-2024 330 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.4 | |
Put | CMI Option Put 20-12-2024 340 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.8 | |
Put | CMI Option Put 20-12-2024 350 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.55 | |
Put | CMI Option Put 20-12-2024 360 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.11 | |
Put | CMI Option Put 20-12-2024 370 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.95 | |
Put | CMI Option Put 20-12-2024 380 | 0 | 2024-12-20 | 0.0 - 0.0 | 4.2 | In |
Put | CMI Option Put 20-12-2024 400 | 0 | 2024-12-20 | 0.0 - 0.0 | 28.0 | In |
Cummins Market Cap Over Time
Market Cap |
| Timeline |
Cummins Total Stockholder Equity
Total Stockholder Equity |
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Cummins Corporate Directors
| Robert Bernhard | Independent Director | Profile | |
| Alexis Herman | Lead Independent Director | Profile | |
| Mark Smith | Executive Director - Investor Relations | Profile | |
| William Miller | Independent Director | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Construction Machinery & Heavy Transportation Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cummins. If investors know Cummins will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cummins listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.277 | Dividend Share 6.86 | Earnings Share 15.26 | Revenue Per Share 245.499 | Quarterly Revenue Growth 0.003 |
The market value of Cummins is measured differently than its book value, which is the value of Cummins that is recorded on the company's balance sheet. Investors also form their own opinion of Cummins' value that differs from its market value or its book value, called intrinsic value, which is Cummins' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cummins' market value can be influenced by many factors that don't directly affect Cummins' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cummins' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cummins is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cummins' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.