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: Mar 19, 2027
Days to expiration: 159
Share price: $49.65
Put/call ratio (OI): 0.37
Put/call ratio (volume): 0.92
ATM implied volatility: 33.1%
Expected move: ±$10.85
Open interest (C / P): 1.10K / 406

CNQ options summary

The CNQ options chain for the March 19, 2027 expiration lists 14 call and 10 put contracts, with 159 days until expiration. Open interest stands at 1,097 calls and 406 puts, a put/call ratio of 0.37, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $50.00 strike is 33.1%, which implies the market expects a move of about ±$10.85 (21.9%) in Canadian Natural Resources stock by expiration.

The most open interest sits at the $45.00 call (261 contracts) and the $50.00 put (112 contracts).

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

CNQ options chain · March 19, 2027

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	0.08	25.0%	—	0
—	—	—	—	—	—	30.00	0.00	0.00	0.35	12.5%	—	0
—	—	—	—	—	—	32.50	0.00	0.00	0.60	12.5%	2	0
12	1	50.4%	16.75	13.60	15.70	35.00	0.00	0.55	0.44	41.5%	1	11
3	1	44.5%	12.47	11.70	13.30	37.50	0.40	0.60	0.65	36.0%	—	1
8	1	39.7%	10.27	9.50	11.00	40.00	0.35	1.50	1.05	41.5%	1	104
17	1	48.3%	8.78	7.50	10.10	42.50	1.15	1.60	1.81	35.1%	1	84
261	1	35.2%	7.10	6.50	7.10	45.00	1.75	2.15	2.53	32.6%	26	44
53	4	35.5%	5.35	5.00	5.70	47.50	2.70	3.10	2.80	31.9%	23	50
CNQ $49.65
219	4	34.8%	3.77	3.50	4.40	50.00	3.90	4.30	4.10	31.4%	1	112
48	10	38.7%	2.62	2.10	3.90	52.50	—	—	—	—	—	—
234	4	34.5%	2.20	1.85	2.55	55.00	—	—	—	—	—	—
77	17	32.6%	1.60	1.30	1.70	57.50	—	—	—	—	—	—
117	2	36.3%	1.00	0.85	1.60	60.00	—	—	—	—	—	—
30	4	34.4%	0.85	0.45	0.75	65.00	—	—	—	—	—	—
11	10	34.7%	0.35	0.20	0.40	70.00	—	—	—	—	—	—
7	—	53.0%	0.30	0.05	1.25	75.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the CNQ put/call ratio based on open interest is 0.37 (406 puts vs 1,097 calls), and 0.92 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 March 19, 2027 is about 33.1%, 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.