Cenovus Energy (CVE) Options Chain

NYSE: CVEEnergyOil & Gas ProductionUSD

31.39-0.10 (-0.32%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $31.39
Put/call ratio (OI): 0.69
Put/call ratio (volume): 0.45
ATM implied volatility: 44.2%
Expected move: ±$4.59
Open interest (C / P): 3.60K / 2.49K

CVE options summary

The CVE options chain for the November 20, 2026 expiration lists 15 call and 13 put contracts, with 40 days until expiration. Open interest stands at 3,603 calls and 2,493 puts, a put/call ratio of 0.69, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $31.00 strike is 44.2%, which implies the market expects a move of about ±$4.59 (14.6%) in Cenovus Energy stock by expiration.

The most open interest sits at the $36.00 call (791 contracts) and the $30.00 put (827 contracts).

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

CVE options chain · November 20, 2026

CVE 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
—	—	—	—	—	—	24.00	0.00	0.20	0.70	57.8%	—	1
—	—	—	—	—	—	25.00	0.05	0.40	0.17	52.3%	—	4
1	—	58.9%	6.30	5.40	6.40	26.00	0.00	0.35	0.25	51.9%	—	5
4	2	50.8%	5.50	4.20	5.60	27.00	0.10	0.75	0.39	59.4%	22	23
—	—	—	—	—	—	28.00	0.20	0.55	0.45	44.0%	1	216
122	5	51.9%	3.38	2.70	3.50	29.00	0.60	0.75	0.63	41.7%	1	147
242	24	45.7%	2.60	2.45	2.65	30.00	0.90	1.30	0.98	46.7%	29	827
86	18	48.0%	2.15	1.85	2.20	31.00	1.30	1.50	1.40	40.5%	1	359
CVE $31.39
285	1	47.0%	1.40	1.20	1.70	32.00	1.80	2.50	1.90	51.6%	1	254
192	4	46.6%	1.20	1.00	1.30	33.00	2.40	2.65	2.50	40.1%	7	72
677	34	42.9%	0.79	0.70	0.85	34.00	3.10	3.50	3.70	44.0%	1	56
380	10	42.4%	0.57	0.50	0.60	35.00	3.90	4.30	4.30	45.1%	3	21
791	42	48.2%	0.45	0.20	0.60	36.00	4.40	5.40	4.78	54.1%	4	508
554	3	52.0%	0.30	0.05	0.55	37.00	—	—	—	—	—	—
62	4	47.2%	0.20	0.05	0.30	38.00	—	—	—	—	—	—
30	3	53.8%	0.17	0.05	0.35	39.00	—	—	—	—	—	—
141	4	53.0%	0.15	0.00	0.50	40.00	—	—	—	—	—	—
36	—	52.3%	0.55	0.00	0.35	41.00	—	—	—	—	—	—

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 CVE put/call ratio?

For the November 20, 2026 expiration, the CVE put/call ratio based on open interest is 0.69 (2,493 puts vs 3,603 calls), and 0.45 based on today's volume. A ratio above 1 means more puts than calls.

What is CVE's implied volatility?

At-the-money implied volatility for CVE options expiring November 20, 2026 is about 44.2%, an annualized estimate of how much the market expects Cenovus Energy stock to move.

How many CVE option expiration dates are there?

CVE has 10 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.