Unusual Call Volume
Long Call4 trades pass on CBRS
- Probability of profit
- 10.8% to 22.2%
Cerebras Systems Inc. · Technology
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CBRS last closed at $108.72 with 30-day implied volatility of 94.1%. That is in the upper half of its one-year range (IV rank 56), so premiums are somewhat richer than usual for CBRS. Measured by IV percentile, IV is higher than 72% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $28.40, or 26.1%.
The price is -28.0% from its 50-day moving average. It is 65.0% below its 52-week high and 33.1% above its 52-week low. The 14-day RSI of 44.6 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $11.52, about 10.6% of the price, a measure of a typical day's range.
Option volume at the close (146K contracts) was 2.8x its average, far busier than usual. A beta of 2.77 means CBRS has tended to move about 2.8 times as much as the broad market. 3 of our preset screens found trades on CBRS at the close, led by Unusual Call Volume with 4 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 20, 20267 days | 111.2% | ±$16.74 (15.4%) | $91.98 to $125.46 | $13.45 |
| Dec 11, 202628 days | 94.3% | ±$28.40 (26.1%) | $80.32 to $137.12 | $22.70 |
| Jan 15, 202763 days | 89.1% | ±$40.25 (37.0%) | $68.47 to $148.97 | $32.00 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for CBRS from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
4 trades pass on CBRS
3 trades pass on CBRS
1 trade passes on CBRS
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.