Cummins (CMI) Protective Put Calculator

Calculator · free · no signup · CMI

Price a protective put, zero-cost collar, or put spread on Cummins. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CMI option chain.

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About Cummins

Cummins (CMI) is a public Other company, incorporated in Indiana and headquartered in Columbus, IN.

Equity grants at Cummins typically include restricted stock units (RSUs).

Cummins Inc. is an American multinational corporation that designs, manufactures, and distributes diesel engines, electric vehicle components, and power generation products. Cummins also services engines and related equipment, including fuel systems, air handling systems controls, filtration, emission control, electrical power generation systems, and engine control units.

Source: Wikipedia (CC BY-SA 4.0)

Clessie Cummins and banker William Irwin founded the company in Columbus, Indiana in 1919 to commercialize the diesel engine. It supplies engines to truck makers including Paccar and Daimler rather than building vehicles, plus power generation equipment whose datacenter demand has grown sharply. The Accelera segment develops electrolyzers and electric powertrains. A 2023 emissions settlement over Ram pickup engines cost roughly $1.7 billion, among the largest Clean Air Act penalties. Headquarters remain in Columbus, Indiana.

Sources: cummins.com · en.wikipedia.org

Equity comp at Cummins

  • RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.

Researched 2026-08-17.

OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Cummins.

A protective put caps your downside on the CMI position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current CMI option chain, with annual cost, max loss, and tax-treatment notes.

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Cummins equity questions

How much does it cost to hedge CMI stock?
The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and CMI's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current CMI option chain and shows the annual cost, maximum loss, and tax treatment.
Does Cummins grant ISOs, NSOs, or RSUs?
Equity compensation at Cummins typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
Do Cummins RSUs use double-trigger vesting?
No. Cummins restricted stock units (RSUs) use single-trigger vesting: each tranche becomes yours as it vests on schedule, taxed as ordinary income at that point, with no liquidity event required.
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