Cigna Corporation (CI)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 00:33 UTC · Figures derived from the full chain (1,206 contracts, 14 expirations) · IV own-history percentile appears after 60 recorded days (3 so far)
Expected move — Sep 18, 2026 (16 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±4.4% (range 270.66–295.46) by Sep 18, 2026. ATM straddle: 12.40 @ strike 282.5 · ATM IV: 25.2%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 254.75 | -10% | 97.5% | 2.5% |
| 268.91 | -5% | 82.7% | 17.3% |
| 283.06 | +0% | 48.9% | 51.1% |
| 297.21 | +5% | 17.1% | 82.9% |
| 311.37 | +10% | 3.4% | 96.6% |
Model-estimated probabilities of finishing above/below each level at expiration — estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Sep 18, 2026 · lognormal model, zero drift — an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Sep 04, 2026 | 2 | ±2.2% | 29.7% | 4,910 |
| Sep 11, 2026 | 9 | ±3.5% | 25.2% | 620 |
| Sep 18, 2026 | 16 | ±4.4% | 25.2% | 15.1K |
| Sep 25, 2026 | 23 | ±5.4% | 25.7% | 310 |
| Oct 02, 2026 | 30 | ±6.3% | 26.6% | 101 |
| Oct 09, 2026 | 37 | ±7.0% | 26.8% | 26 |
| Oct 16, 2026 | 44 | ±7.5% | 26.7% | 7,709 |
| Dec 18, 2026 | 107 | ±13.0% | 30.0% | 4,317 |
| Jan 15, 2027 | 135 | ±14.3% | 29.6% | 37.1K |
| Mar 19, 2027 | 198 | ±17.9% | 30.7% | 3,449 |
Open interest by strike — Sep 18
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 260 P · 4,341280 C · 3,452270 P · 2,570250 P · 2,145290 C · 1,719
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Track record
Full history →Every trading day we record what the options market is pricing for each expiration — before the outcome is known. Once expirations start resolving, this section compares expected versus actual, and the record is never rewritten. Recording since Aug 31, 2026.
Past earnings reactions
Avg |reaction| 4.7% · median 3.7% (20 reports) — two-session close-to-close window; definition
About Cigna Corporation
Cigna Group, established in 1792 and headquartered in Bloomfield, Connecticut, provides insurance products and related services across the United States. The company operates through two primary segments. Its Evernorth division offers a comprehensive array of coordinated and specialized health solutions, including pharmacy services, benefits administration, care management and delivery, and advanced intelligence solutions. These offerings cater to a diverse clientele, such as health plans, employers, government entities, and healthcare providers. Meanwhile, the Cigna Healthcare segment delivers an extensive portfolio of products and services, encompassing medical, pharmaceutical, behavioral health, dental, vision, and health advocacy programs for both insured and self-insured customers. This segment also provides Medicare Advantage, Medicare Supplement, and Medicare Part D plans specifically for seniors, in addition to individual health insurance options available on and off public exchanges. Globally, Cigna Healthcare extends international health coverage and benefits to mobile professionals and employees of multinational organizations. Furthermore, the company issues permanent in
Healthcare · Medical - Healthcare Plans · NYSE · Profile: Financial Modeling Prep
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