Cardinal Infrastructure Group Inc. (CDNL) Options Chain
The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.
Cardinal Infrastructure Group Inc. (CDNL) operates in the Industrials sector, specifically the Engineering & Construction industry, with a market capitalization near $98.8M, listed on NASDAQ, employing roughly 1,480 people, carrying a beta of -0.43 to the broader market. Cardinal Infrastructure Group Inc. Led by Jeremy Spivey, public since 2025-12-10.
Snapshot as of Nov 13, 2026.
- Spot Price
- $6.55
- Total OI
- 12.5K
- Total Volume
- 3.8K
- Front Expiration
- 35 days
- Second Expiration
- 63 days
- ATM IV
- 112.9%
- Avg Bid/Ask Spread
- 42.76%
Exposures are the assumed dealer book over the expirations within 30 days of the session, or the first four when none are (1 expiration, through Nov 20, 2026), as of Nov 13, 2026. Assumes dealers are long the calls and short the puts, a share p of open interest each - here 100% of open interest (the GEX page sets the share). A date without a stored exposure is a gap; a value marked * is partial, averaged over fewer days, or may include contracts expiring that day or of an unreadable expiration: its reason is printed beside it.
As of Nov 13, 2026, Cardinal Infrastructure Group Inc. (CDNL) has 12.5K open contracts and 3.8K contracts traded. The nearest expiration is 35 days out, followed by 63 days. ATM implied volatility is 112.9%. Average bid/ask spread across the chain is 42.76%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How CDNL options chain Data Feeds Strategy Selection
Strategy selection on Cardinal Infrastructure Group Inc. options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 112.9% and the assumed dealer book's GEX is positive, so its hedging is mean-reverting. Combine the options chain data here with the volatility-skew surface, gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the CDNL chain depth
The listed-expirations table below shows every expiration available for Cardinal Infrastructure Group Inc. options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. CDNL front expiration sits at 35 days - the typical hedging horizon for monthly options. The backwardated slope of -0.086 means near-dated IV is pricing acute event risk.
CDNL chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the CDNL chain is 42.76% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the CDNL chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. CDNL's current 32.37% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where the assumed book's hedging would reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
CDNL listed expirations
Per-expiration ATM implied volatility for CDNL options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Nov 20, 2026 | 7 | 124.0% |
| Dec 18, 2026 | 35 | 112.9% |
| Jan 15, 2027 | 63 | 104.3% |
| Apr 16, 2027 | 154 | 103.8% |
| Jul 16, 2027 | 245 | 116.0% |
| Oct 15, 2027 | 336 | 96.3% |
| Dec 17, 2027 | 399 | 98.3% |
Frequently asked CDNL options chain questions
- What does the CDNL options chain show right now?
- As of Nov 13, 2026, Cardinal Infrastructure Group Inc. (CDNL) has 12.5K contracts outstanding and 3.8K traded today, with ATM IV of 112.9%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for CDNL options?
- The nearest expiration is 35 days out, followed by 63 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are CDNL options bid/ask spreads?
- Average bid/ask spread across the chain is 42.76%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.