CRNC · Cerence Inc.

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$8.14 -0.15 (-1.81%) At close · Jul 28

Market Cap

$367.83M

45.19M

Options Chain

15-min delayed Underlying $8.14 · at close Jul 28, 2026 Options Calculator

Positioning

Aug 21, 2026 · 23 days to expiry · 48 contracts

Put / call OI

0.18

Call-heavy positioning

Open interest

13,334

contracts outstanding

Volume

347

traded today

Max pain

$10.00

$1.86 above spot

ATM implied vol

115.6%

market's expected move

Open interest by strike

Calls Puts

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 23d Sep 18 51d Nov 20 114d Dec 18 142d Jan 15 170d Feb 19 205d Jan 21 541d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
1	2	294.6%	0.958	$6.94		$0.13	—	—	2	2
Call · $3 In the money Last $6.94 Breakeven $9.94 Implied vol 294.6% Delta 0.958 ≈96% ITM Gamma 0.015 Theta -0.012 Vega 0.002 Open interest 1 Model this call Put · $3 Last $0.13 Breakeven $2.87 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this put
3	3	218.7%	0.943	$6.81		$0.30	-0.095	310.1%	30	314
Call · $4 In the money Last $6.81 Breakeven $10.81 Implied vol 218.7% Delta 0.943 ≈94% ITM Gamma 0.025 Theta -0.012 Vega 0.002 Open interest 3 Model this call Put · $4 Last $0.30 Breakeven $3.70 Implied vol 310.1% Delta -0.095 ≈10% ITM Gamma 0.026 Theta -0.023 Vega 0.004 Open interest 314 Model this put
18	5	0.2%	1	$3.68		$0.05	-0.116	211.2%	80	231
Call · $5 In the money Last $3.68 Breakeven $8.68 Implied vol 0.2% Delta 1 ≈100% ITM Gamma 0 Theta 0 Vega 0 Open interest 18 Model this call Put · $5 Last $0.05 Breakeven $4.95 Implied vol 211.2% Delta -0.116 ≈12% ITM Gamma 0.045 Theta -0.018 Vega 0.004 Open interest 231 Model this put
5	1	146.7%	0.849	$6.00		$0.19	-0.142	138.4%	61	212
Call · $6 In the money Last $6.00 Breakeven $12.00 Implied vol 146.7% Delta 0.849 ≈85% ITM Gamma 0.077 Theta -0.016 Vega 0.005 Open interest 5 Model this call Put · $6 Last $0.19 Breakeven $5.81 Implied vol 138.4% Delta -0.142 ≈14% ITM Gamma 0.079 Theta -0.014 Vega 0.005 Open interest 212 Model this put
86	1	130.9%	0.742	$2.15		$0.42	-0.25	121.5%	9	171
Call · $7 In the money Last $2.15 Breakeven $9.15 Implied vol 130.9% Delta 0.742 ≈74% ITM Gamma 0.12 Theta -0.019 Vega 0.007 Open interest 86 Model this call Put · $7 Last $0.42 Breakeven $6.58 Implied vol 121.5% Delta -0.25 ≈25% ITM Gamma 0.127 Theta -0.017 Vega 0.007 Open interest 171 Model this put
56	2	114.6%	0.594	$0.81		$0.81	-0.407	116.6%	14	347
Call · $8 In the money Last $0.81 Breakeven $8.81 Implied vol 114.6% Delta 0.594 ≈59% ITM Gamma 0.165 Theta -0.02 Vega 0.008 Open interest 56 Model this call Put · $8 Last $0.81 Breakeven $7.19 Implied vol 116.6% Delta -0.407 ≈41% ITM Gamma 0.162 Theta -0.02 Vega 0.008 Open interest 347 Model this put
Underlying $8.14
199	4	111.9%	0.427	$0.59		$1.30	-0.556	122.7%	1	122
Call · $9 Last $0.59 Breakeven $9.59 Implied vol 111.9% Delta 0.427 ≈43% ITM Gamma 0.172 Theta -0.02 Vega 0.009 Open interest 199 Model this call Put · $9 In the money Last $1.30 Breakeven $7.70 Implied vol 122.7% Delta -0.556 ≈56% ITM Gamma 0.158 Theta -0.021 Vega 0.009 Open interest 122 Model this put
5.6k	16	109.9%	0.282	$0.35		$2.32	-0.688	121.6%	10	360
Call · $10 Last $0.35 Breakeven $10.35 Implied vol 109.9% Delta 0.282 ≈28% ITM Gamma 0.151 Theta -0.017 Vega 0.008 Open interest 5.6k Model this call Put · $10 In the money Last $2.32 Breakeven $7.68 Implied vol 121.6% Delta -0.688 ≈69% ITM Gamma 0.142 Theta -0.019 Vega 0.008 Open interest 360 Model this put
1.3k	2	106.4%	0.167	$0.16		$3.45	-0.79	121%	2	186
Call · $11 Last $0.16 Breakeven $11.16 Implied vol 106.4% Delta 0.167 ≈17% ITM Gamma 0.115 Theta -0.012 Vega 0.006 Open interest 1.3k Model this call Put · $11 In the money Last $3.45 Breakeven $7.55 Implied vol 121% Delta -0.79 ≈79% ITM Gamma 0.117 Theta -0.015 Vega 0.006 Open interest 186 Model this put
1.4k	3	107.7%	0.103	$0.08		$3.46	-0.811	143%	5	22
Call · $12 Last $0.08 Breakeven $12.08 Implied vol 107.7% Delta 0.103 ≈10% ITM Gamma 0.081 Theta -0.009 Vega 0.004 Open interest 1.4k Model this call Put · $12 In the money Last $3.46 Breakeven $8.54 Implied vol 143% Delta -0.811 ≈81% ITM Gamma 0.093 Theta -0.017 Vega 0.007 Open interest 22 Model this put
1.4k	1	115.7%	0.076	$0.02		$2.70	-0.872	139.7%	12	24
Call · $13 Last $0.02 Breakeven $13.02 Implied vol 115.7% Delta 0.076 ≈8% ITM Gamma 0.06 Theta -0.007 Vega 0.003 Open interest 1.4k Model this call Put · $13 In the money Last $2.70 Breakeven $10.30 Implied vol 139.7% Delta -0.872 ≈87% ITM Gamma 0.074 Theta -0.012 Vega 0.005 Open interest 24 Model this put
122	2	156.5%	0.125	$0.03		$5.00	-0.857	166.1%	3	15
Call · $14 Last $0.03 Breakeven $14.03 Implied vol 156.5% Delta 0.125 ≈13% ITM Gamma 0.063 Theta -0.014 Vega 0.005 Open interest 122 Model this call Put · $14 In the money Last $5.00 Breakeven $9.00 Implied vol 166.1% Delta -0.857 ≈86% ITM Gamma 0.067 Theta -0.016 Vega 0.005 Open interest 15 Model this put
406	2	141.2%	0.065	$0.05		$4.70	-0.794	220.7%	1	7
Call · $15 Last $0.05 Breakeven $15.05 Implied vol 141.2% Delta 0.065 ≈7% ITM Gamma 0.043 Theta -0.008 Vega 0.003 Open interest 406 Model this call Put · $15 In the money Last $4.70 Breakeven $10.30 Implied vol 220.7% Delta -0.794 ≈79% ITM Gamma 0.064 Theta -0.027 Vega 0.007 Open interest 7 Model this put
129	1	178.4%	0.101	$0.25		$5.70	-0.802	234.5%	5	16
Call · $16 Last $0.25 Breakeven $16.25 Implied vol 178.4% Delta 0.101 ≈10% ITM Gamma 0.048 Theta -0.014 Vega 0.003 Open interest 129 Model this call Put · $16 In the money Last $5.70 Breakeven $10.30 Implied vol 234.5% Delta -0.802 ≈80% ITM Gamma 0.059 Theta -0.028 Vega 0.005 Open interest 16 Model this put
346	2	171.9%	0.072	$0.04		—	-0.808	246.1%	—	0
Call · $17 Last $0.04 Breakeven $17.04 Implied vol 171.9% Delta 0.072 ≈7% ITM Gamma 0.038 Theta -0.011 Vega 0.003 Open interest 346 Model this call Put · $17 In the money Last — Breakeven — Implied vol 246.1% Delta -0.808 ≈81% ITM Gamma 0.054 Theta -0.029 Vega 0.005 Open interest 0 Model this put
22	2	190.1%	0.082	$0.05		—	-0.813	257.2%	—	0
Call · $18 Last $0.05 Breakeven $18.05 Implied vol 190.1% Delta 0.082 ≈8% ITM Gamma 0.038 Theta -0.013 Vega 0.003 Open interest 22 Model this call Put · $18 In the money Last — Breakeven — Implied vol 257.2% Delta -0.813 ≈81% ITM Gamma 0.051 Theta -0.03 Vega 0.005 Open interest 0 Model this put
44	6	262.4%	0.176	$0.04		$8.40	-0.818	267.7%	10	0
Call · $19 Last $0.04 Breakeven $19.04 Implied vol 262.4% Delta 0.176 ≈18% ITM Gamma 0.047 Theta -0.03 Vega 0.005 Open interest 44 Model this call Put · $19 In the money Last $8.40 Breakeven $10.60 Implied vol 267.7% Delta -0.818 ≈82% ITM Gamma 0.048 Theta -0.03 Vega 0.005 Open interest 0 Model this put
35	1	249.2%	0.133	$0.40		—	-0.822	277.7%	—	0
Call · $20 Last $0.40 Breakeven $20.40 Implied vol 249.2% Delta 0.133 ≈13% ITM Gamma 0.042 Theta -0.024 Vega 0.005 Open interest 35 Model this call Put · $20 In the money Last — Breakeven — Implied vol 277.7% Delta -0.822 ≈82% ITM Gamma 0.046 Theta -0.031 Vega 0.005 Open interest 0 Model this put
12	2	239.7%	0.105	$0.05		—	-0.825	287.2%	—	0
Call · $21 Last $0.05 Breakeven $21.05 Implied vol 239.7% Delta 0.105 ≈10% ITM Gamma 0.036 Theta -0.019 Vega 0.003 Open interest 12 Model this call Put · $21 In the money Last — Breakeven — Implied vol 287.2% Delta -0.825 ≈82% ITM Gamma 0.044 Theta -0.032 Vega 0.005 Open interest 0 Model this put
18	2	317.6%	0.205	$0.05		—	-0.828	296.4%	—	0
Call · $22 Last $0.05 Breakeven $22.05 Implied vol 317.6% Delta 0.205 ≈20% ITM Gamma 0.043 Theta -0.04 Vega 0.006 Open interest 18 Model this call Put · $22 In the money Last — Breakeven — Implied vol 296.4% Delta -0.828 ≈83% ITM Gamma 0.042 Theta -0.032 Vega 0.006 Open interest 0 Model this put
42	18	286.3%	0.141	$0.05		—	-0.831	305.2%	—	0
Call · $23 Last $0.05 Breakeven $23.05 Implied vol 286.3% Delta 0.141 ≈14% ITM Gamma 0.038 Theta -0.029 Vega 0.006 Open interest 42 Model this call Put · $23 In the money Last — Breakeven — Implied vol 305.2% Delta -0.831 ≈83% ITM Gamma 0.04 Theta -0.033 Vega 0.006 Open interest 0 Model this put
10	18	311.9%	0.167	$0.05		$13.70	-0.833	313.6%	2	1
Call · $24 Last $0.05 Breakeven $24.05 Implied vol 311.9% Delta 0.167 ≈17% ITM Gamma 0.038 Theta -0.035 Vega 0.006 Open interest 10 Model this call Put · $24 In the money Last $13.70 Breakeven $10.30 Implied vol 313.6% Delta -0.833 ≈83% ITM Gamma 0.039 Theta -0.033 Vega 0.006 Open interest 1 Model this put
59	2	261.4%	0.087	$0.05		—	-0.835	321.7%	—	0
Call · $25 Last $0.05 Breakeven $25.05 Implied vol 261.4% Delta 0.087 ≈9% ITM Gamma 0.029 Theta -0.018 Vega 0.004 Open interest 59 Model this call Put · $25 In the money Last — Breakeven — Implied vol 321.7% Delta -0.835 ≈84% ITM Gamma 0.038 Theta -0.034 Vega 0.006 Open interest 0 Model this put
4	2	327.5%	0.162	$0.05		—	-0.837	329.5%	—	0
Call · $26 Last $0.05 Breakeven $26.05 Implied vol 327.5% Delta 0.162 ≈16% ITM Gamma 0.036 Theta -0.036 Vega 0.006 Open interest 4 Model this call Put · $26 In the money Last — Breakeven — Implied vol 329.5% Delta -0.837 ≈84% ITM Gamma 0.036 Theta -0.034 Vega 0.006 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1768267 CUSIP 156727109 13F (30d) 40 filings 40 filers Visit website Investor relations