CF options flow: unusual options activity in CF Industries Holdings, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 33 unusual options prints in CF Industries Holdings, Inc. (CF), $1.3M of tracked premium, leaning bearish. Bullish premium was $384K against $730K bearish; $215K went into calls and $1.1M into puts, a put call ratio of 4.99. The largest print was $78K of CF 20 Nov 2026 $110 puts on 21 September 2026, swept at ask. The last session with prints, 25 September 2026, added 2 prints and $74K of premium. CF closed at $114.67 on 25 September 2026, down 3.2%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | CF 20 Nov 2026 $110 puts | Sweep | 223 | 98 | $78K | At ask | Bearish | High conviction |
| 24 Sep 2026 | CF 20 Nov 2026 $155 calls | Trade | 500 | 1,040 | $60K | At ask | Bullish | |
| 21 Sep 2026 | CF 18 Dec 2026 $105 puts | Trade | 199 | 961 | $58K | At ask | Neutral | |
| 24 Sep 2026 | CF 16 Oct 2026 $110 puts | Trade | 500 | 661 | $55K | Below bid | Bullish | |
| 21 Sep 2026 | CF 20 Nov 2026 $110 puts | Sweep | 143 | 98 | $49K | At bid | Bullish | Notable |
| 21 Sep 2026 | CF 18 Dec 2026 $105 puts | Trade | 160 | 961 | $48K | At bid | Bullish | |
| 25 Sep 2026 | CF 19 Jan 2029 $150 puts | Sweep | 10 | 10 | $46K | At bid | Bullish | Notable |
| 21 Sep 2026 | CF 20 Nov 2026 $110 puts | Sweep | 150 | 98 | $45K | At ask | Bearish | High conviction |
| 21 Sep 2026 | CF 20 Nov 2026 $110 puts | Sweep | 150 | 98 | $45K | At ask | Bearish | High conviction |
| 24 Sep 2026 | CF 20 Nov 2026 $105 puts | Trade | 165 | 1,693 | $45K | At ask | Bearish | |
| 21 Sep 2026 | CF 20 Nov 2026 $110 puts | Trade | 149 | 98 | $43K | At ask | Bearish | Notable |
| 24 Sep 2026 | CF 20 Nov 2026 $105 puts | Trade | 140 | 1,693 | $39K | At ask | Bearish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 20 Nov 2026 | 22 | $868K | 7% | -$526K |
| 18 Dec 2026 | 3 | $135K | 0% | +$48K |
| 15 Jan 2027 | 4 | $127K | 100% | +$30K |
| 19 Jan 2029 | 2 | $74K | 0% | +$46K |
| 16 Oct 2026 | 1 | $55K | 0% | +$55K |
| 21 Jan 2028 | 1 | $28K | 100% | +$0 |
The most premium, $868K, is aimed at the 20 Nov 2026 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | CF 19 Jan 2029 $150 puts | Sweep | 10 | 10 | $46K | At bid | Bullish | Notable |
| 25 Sep 2026 | CF 19 Jan 2029 $120 puts | Trade | 10 | 0 | $28K | At ask | Neutral |
Every print in CF with its full detail, the live tape, one tap filters and saved screeners: open CF in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open CF in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 11 firms, have a median of $123, 7.3% above the last close. The last 90 days brought 2 upgrades.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About CF Industries Holdings, Inc.
- Exchange
- NYSE
- Sector
- Materials
- Industry
- Chemicals
- Headquarters
- DEERFIELD, Illinois
- Website
- cfindustries.com
CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonia products. The company was founded in 1946 and is headquartered in Deerfield, Illinois.
In the same sector
Flow pages for other Materials names in the S&P 500:
LIN Linde PLCNEM Newmont Corp.FCX Freeport-McMoRan Inc.SHW Sherwin Williams Co.ECL Ecolab Inc.APD Air Products & Chemicals, Inc.CRH CRH Public Ltd. Co.NUE Nucor Corp.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for CF with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open CF in Options Sentiment Screener