CGEM
Cullinan Therapeutics, Inc.After hours14.10−0.85 −5.69%USD
NasdaqGS · as of Oct 13, 16:00 ET · 15m delayAfter hours 14.10 0.00%
Open
14.86
Prev close
14.95
Day range
14.0814.93
52-week range
6.7323.19
Volume
590.35K0.67×
Mkt cap
866.56M
P/E ttm
—
Fwd P/E
-5.60
EPS ttm
-3.11
Div yield
0.00%
Earnings
Nov 14, 2026
From 52w high
−39.20%
CGEM market-implied price distribution
CGEM Price at Expiry
10 OTM quotes · ATM IV 134.8%
Days to expiry
38
Fri, Nov 20, 2026
P(finish above spot)
37%
spot 14.10
Expected price
15.52
forward 15.68
68% range
11–18
−21.2% / +29.0%
Shaded band: the middle 68% of outcomes. Where the blue curve sits above the dashed one, options price that move as likelier than a plain bell curve would.
Target Price
Percentiles
| Chance below | Price | vs spot |
|---|---|---|
| 5% | 5.69 | −59.6% |
| 16% | 11.12 | −21.2% |
| 25% | 12.05 | −14.6% |
| 50% (median) | 13.31 | −5.6% |
| 75% | 15.33 | +8.7% |
| 84% | 18.19 | +29.0% |
| 95% | 33.33 | +136.4% |
Move Odds
| Up 5% or more (14.81) | 29% |
|---|---|
| Up 10% or more (15.51) | 24% |
| Down 5% or more (13.40) | 52% |
| Down 10% or more (12.69) | 37% |
Options price a 10%+ drop at 37%, 0.9× the 39% a bell curve with the same volatility gives.
Risk-neutral odds from option prices, the bot's lgf odds method: out-of-the-money mids → implied vols → a smoothed smile in total variance → density = erT·∂²C/∂K² (Breeden–Litzenberger). Risk-neutral odds include the market's risk premium, so they lean bearish compared with real-world odds. Not investment advice.