Cigna Corporation (CI)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 09:34 UTC · Figures derived from the full chain (1,222 contracts, 14 expirations) · IV own-history percentile appears after 60 recorded days (28 so far)
Expected move · Nov 20, 2026 (32 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 ±8.5% (range 276.65–327.95) by Nov 20, 2026. ATM straddle: 25.65 @ strike 300 · ATM IV: 34.3%.
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) |
|---|---|---|---|
| 272.07 | -10% | 83.8% | 16.2% |
| 287.19 | -5% | 67.5% | 32.5% |
| 302.30 | +0% | 48.0% | 52.0% |
| 317.42 | +5% | 29.7% | 70.3% |
| 332.53 | +10% | 16.1% | 83.9% |
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: Nov 20, 2026 · lognormal model with 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. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±3.4% | 30.5% | 1,847 |
| Oct 30, 2026 | 11 | ±4.7% | 30.3% | 1,883 |
| Nov 06, 2026 | 18 | ±7.4% | 38.7% | 1,534 |
| Nov 13, 2026 | 25 | ±8.2% | 36.8% | 633 |
| Nov 20, 2026 | 32 | ±8.5% | 34.3% | 2,535 |
| Nov 27, 2026 | 39 | ±8.8% | 32.5% | 90 |
| Dec 18, 2026 | 60 | ±10.6% | 31.9% | 6,390 |
| Jan 15, 2027 | 88 | ±12.0% | 30.2% | 36.2K |
| Mar 19, 2027 | 151 | ±16.2% | 31.4% | 3,796 |
| Apr 16, 2027 | 179 | ±17.4% | 31.2% | 282 |
Open interest by strike · Nov 20
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): 240 P · 1,257280 C · 1,131280 P · 1,128270 P · 1,112250 P · 1,090
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
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 93 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 83.9% of the time.
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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