CMS Energy Corp
CMS Energy Corp (CMS) Option Chain
As of September 17, 2026, CMS Energy Corp is trading at $65.34, a -1.30% change from the previous close. The nearest expiration is Oct 16, 2026. Implied volatility is 20.3%. IV Rank is 29%.
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Tracking the CMS option chain helps you see every strike and expiry on CMS Energy Corp in one view, so you can quickly identify the contracts that fit your thesis and your risk. CMS Energy Corp's option chain 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 CMS options 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 side-by-side call and put data, making it easy to compare premiums, assess liquidity, and spot pricing dislocations. Reading the CMS option chain effectively means looking beyond the last price — implied volatility by strike, volume-to-open-interest ratios, and bid-ask spreads all tell you where CMS stock 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.
The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
Credit spreads, long calls, iron condors, calendar trades — every strategy starts with the same raw material: a clean, complete option chain. Our scanner pulls CMS Energy Corp's full chain across every expiry, highlights the most liquid strikes, and lets you screen CMS options by the metrics that matter, from IV skew to volume surges. Stop scrolling through endless rows of CMS stock options — let the full option chain come to you, pre-filtered and ready to trade.
Stock Statistics
- IndustryUtilities - Regulated Electric
- SectorUtilities
- IV percentile49.60% Neutral
- Market cap (M$)20,489
- 52 weeks high-18.69%
- 52 weeks low0.31%
- Analyst recommendationBuy
2.22 - Target price$79.64
21.89% above the current stock price - Dividend—
- Payout ratio61.56%
- Earnings date2026-10-29
- P/E19.63
- Future P/E15.72
- EPS (ttm)3.33
- EPS growth next 5 years7.50%
As of September 17, 2026
| 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 % |
| 0.01 | 1 | 0 | 1.21 | 10.34 | 10.20 | 12.90 | 55.00 | -16.92 | — | 1.40 | 0.00 | 1.40 | 0 | 2 | 99.99 |
| 2.26 | 1 | 0 | 0.91 | 5.34 | 4.70 | 7.80 | 60.00 | -9.37 | 0.10 | 0.30 | 0.00 | 0.20 | 0 | 2 | 97.74 |
| 34.35 | 9 | 1 | 1.93 | 0.34 | 2.00 | 2.55 | 65.00 | -1.81 | 0.65 | 1.35 | 0.00 | 1.00 | 0 | 167 | 65.65 |
| 85.96 | 96 | 265 | 1.30 | 0.00 | — | 1.30 | 70.00 | +5.74 | 2.55 | 5.20 | 4.66 | -0.78 | 0 | 315 | 14.04 |
| 99.30 | 1 | 0 | 0.50 | 0.00 | — | 0.50 | 75.00 | +13.29 | 7.00 | 10.90 | 9.66 | -0.71 | 0 | 0 | 0.70 |
As of September 17, 2026
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