Option Greeks measure how Commercial Metals Company (CMC) option prices respond to changes in the stock price (delta and gamma), the passage of time (theta), implied volatility (vega), and interest rates (rho). These charts plot each Greek by strike, so you can see where an expiration's price risk, time decay, and volatility exposure are concentrated. CMC implied volatility is near the bottom of its one-year range, which keeps delta and gamma in a narrower range of strikes than usual.
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CMC Option Greeks FAQ
What are option Greeks?
Option Greeks measure how an option's price responds to changes in the stock price (delta and gamma), time (theta), implied volatility (vega), and interest rates (rho).
How do I read the CMC Greeks charts?
Gamma, theta, and vega are largest for strikes near the Commercial Metals stock price and shrink for strikes far above or below it. Theta grows as expiration gets closer, while vega is larger for expirations further out. Call delta runs from 0 to 1 and put delta from -1 to 0, near 0.50 and -0.50 at the money, and roughly estimates the chance that an option finishes in the money.
How does implied volatility affect CMC's Greeks?
Commercial Metals IV rank is 2, so implied volatility is near the bottom of its one-year range. Higher implied volatility raises option premiums and daily time decay (theta), and spreads delta and gamma across a wider range of strikes. Over the past year, 30-day implied volatility ranged from 32.8% to 173.2%. See the CMC implied volatility history for a longer view.
How much gamma and delta do CMC options carry in total?
Across all open Commercial Metals options on Nov 4, 2026, net gamma exposure was $554.87K and net delta exposure was $7.26M per 1% move in the stock. The CMC gamma exposure chart shows where that gamma sits by strike.
What is Commercial Metals Company?
Commercial Metals Co provides early-stage construction solutions that support the site preparation through foundational phases of modern infrastructure and building projects.