Canadian Natural Resources (CNQ) Options Chain

NYSE: CNQEnergyOil & Gas ProductionUSD

49.65+0.60 (+1.22%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $49.65
Put/call ratio (OI): 1.91
Put/call ratio (volume): 0.74
ATM implied volatility: 39.4%
Expected move: ±$2.29
Open interest (C / P): 5.46K / 10.46K

CNQ options summary

The CNQ options chain for the October 16, 2026 expiration lists 20 call and 22 put contracts, with 5 days until expiration. Open interest stands at 5,460 calls and 10,455 puts, a put/call ratio of 1.91, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $49.50 strike is 39.4%, which implies the market expects a move of about ±$2.29 (4.6%) in Canadian Natural Resources stock by expiration.

The most open interest sits at the $52.50 call (2.16K contracts) and the $44.00 put (4.03K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CNQ options chain · October 16, 2026

CNQ calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	25.00	0.00	0.00	0.05	50.0%	—	0
—	—	—	—	—	—	37.50	0.00	0.00	0.34	50.0%	—	0
10	10	131.1%	10.80	8.40	10.00	40.00	0.00	0.75	0.05	133.6%	—	20
—	—	—	—	—	—	41.00	0.00	0.95	0.07	130.7%	—	10
1	1	110.6%	7.30	5.90	7.60	42.50	0.00	0.20	0.14	75.2%	2	39
—	—	—	—	—	—	43.00	0.00	1.05	0.05	110.2%	1	51
—	—	—	—	—	—	44.00	0.00	0.75	0.07	87.4%	5	4,026
165	1	87.2%	3.02	3.50	5.20	45.00	0.00	0.15	0.06	57.8%	2	2,654
—	—	—	—	—	—	45.50	0.00	0.75	0.15	70.1%	2	3
—	—	—	—	—	—	46.00	0.00	0.75	0.35	64.2%	6	123
2	2	68.2%	1.90	2.00	3.70	46.50	0.00	0.75	0.55	58.2%	1	6
80	1	66.7%	1.63	1.75	3.30	47.00	0.05	0.20	0.10	41.4%	18	387
717	2	54.9%	2.10	2.00	2.70	47.50	0.10	0.25	0.15	39.0%	16	788
163	111	48.0%	1.54	1.50	2.20	48.00	0.15	0.35	0.23	38.4%	3	295
144	21	45.1%	1.53	1.20	1.80	48.50	0.25	0.75	0.65	49.5%	16	109
132	12	37.2%	1.15	1.00	1.30	49.00	0.40	0.65	0.80	37.2%	35	69
202	13	40.3%	0.75	0.70	1.10	49.50	0.60	0.90	0.67	38.4%	4	52
CNQ $49.65
849	7	33.9%	0.61	0.55	0.70	50.00	0.95	1.15	1.01	37.9%	4	772
42	22	38.1%	0.25	0.05	0.45	51.00	—	—	—	—	—	—
40	59	36.3%	0.16	0.05	0.20	52.00	—	—	—	—	—	—
2,159	3	41.1%	0.12	0.00	0.20	52.50	2.80	3.40	3.10	60.6%	20	1,051
8	6	63.5%	0.16	0.00	0.50	53.00	—	—	—	—	—	—
1	—	66.3%	0.16	0.00	0.75	54.00	—	—	—	—	—	—
312	6	45.7%	0.20	0.00	0.05	55.00	4.90	6.60	7.37	77.0%	1	0
—	—	—	0.05	—	—	57.00	—	—	—	—	—	—
341	1	106.5%	0.02	0.00	1.05	57.50	7.50	9.10	6.42	101.5%	100	0
92	40	98.2%	0.05	0.00	0.40	60.00	0.00	0.00	9.45	—	—	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CNQ put/call ratio?

For the October 16, 2026 expiration, the CNQ put/call ratio based on open interest is 1.91 (10,455 puts vs 5,460 calls), and 0.74 based on today's volume. A ratio above 1 means more puts than calls.

What is CNQ's implied volatility?

At-the-money implied volatility for CNQ options expiring October 16, 2026 is about 39.4%, an annualized estimate of how much the market expects Canadian Natural Resources stock to move.

How many CNQ option expiration dates are there?

CNQ has 11 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.