Option Chain

CMS Energy Corp

CMSNYSE · USD

69.18USD-1.50 (-1.33%)

487

CMS Energy Corp (CMS) Option Chain

CMS Energy Corp trades at $69.18, down 1.33%, with an IV Rank of 67.46%. This is average versus the past year, and the company carries a market cap of $22,167M in the Utilities - Regulated Electric industry. On the Nov 20, 2026 chain, the at the money $70.00 strike shows calls at $1.15 / $1.70 and puts at $0.25 / $3.20, both carrying about $1.17 of extrinsic value and a roughly 50% probability of expiring out of the money. Volume is heaviest on the $65.00 calls, at 100 contracts, and the $65.00 puts, at 1, as of Nov 5, 2026.

Tracking the CMS option chain helps you see every strike and expiry on CMS Energy Corp in one view, so you can quickly identify contracts that fit your thesis and your risk. It lays out bids, asks, volume, open interest, and Greeks across calls and puts, giving you the full map of CMS options activity at a glance. Use our scanner to monitor the CMS option chain in real time and filter for the trades that actually meet your criteria.

An option chain is the complete listing of all available option contracts on an underlying, organized by expiration date and strike price. For CMS stock options, the chain shows call and put data side by side, making it easy to compare premiums, assess liquidity, and spot pricing dislocations. Reading it well means looking beyond the last price. Implied volatility by strike, volume to open interest ratios, and bid ask spreads all show where CMS options are being actively traded, and where they are not.

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities.

CALLs									PUTs
Prob. OTM %	Open Interest	Volume	Extrinsic Value	Intrinsic Value	Bid	Ask	Strike	Moneyness %	Bid	Ask	Intrinsic Value	Extrinsic Value	Volume	Open Interest	Prob. OTM %
0.04	4	5	1.67	9.18	9.90	11.80	60.00	-15.11	—	2.20	0.00	2.20	0	8	99.96
4.40	97	100	1.67	4.18	4.90	6.80	65.00	-8.04	0.15	0.35	0.00	0.25	1	122	95.60
41.91	41	10	1.43	0.00	1.15	1.70	70.00	-0.96	0.25	3.20	0.82	0.91	0	1	58.09
88.38	238	0	0.53	0.00	0.05	1.00	75.00	+6.11	4.10	5.80	5.82	-0.87	0	0	11.62
99.38	1	0	2.65	0.00	—	2.65	80.00	+13.19	8.70	10.80	10.82	-1.07	0	0	0.62

As of Nov 5, 2026

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Stock Statistics

IndustryUtilities - Regulated Electric
SectorUtilities
IV Rank67.46% Moderate
Market cap (M$)22,167
52 weeks high-12.05%
52 weeks low13.49%
Analyst recommendationBuy
2.21
Target price$74.33
7.44% above the current stock price
Dividend—
Payout ratio61.56%
Earnings date2027-02-04
P/E25.26
Future P/E17.05
EPS (ttm)2.80
EPS growth next 5 years7.40%

As of Nov 5, 2026

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