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: Dec 18, 2026
Days to expiration: 68
Share price: $31.39
Put/call ratio (OI): 0.57
Put/call ratio (volume): 0.67
ATM implied volatility: 40.6%
Expected move: ±$5.50
Open interest (C / P): 6.28K / 3.58K

CVE options summary

The CVE options chain for the December 18, 2026 expiration lists 23 call and 20 put contracts, with 68 days until expiration. Open interest stands at 6,279 calls and 3,582 puts, a put/call ratio of 0.57, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $31.00 strike is 40.6%, which implies the market expects a move of about ±$5.50 (17.5%) in Cenovus Energy stock by expiration.

The most open interest sits at the $35.00 call (1.26K contracts) and the $30.00 put (1.17K contracts).

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

CVE options chain · December 18, 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
—	—	—	—	—	—	17.00	0.00	0.00	0.05	25.0%	6	0
—	—	—	—	—	—	18.00	0.00	0.00	0.09	25.0%	5	0
4	6	78.6%	12.60	11.40	13.90	19.00	0.00	0.95	0.05	91.6%	1	32
54	31	78.0%	14.20	10.60	12.90	20.00	0.00	0.75	0.29	78.8%	1	110
16	5	68.5%	12.46	9.70	11.70	21.00	0.00	0.00	0.15	25.0%	2	0
34	1	59.4%	10.10	8.70	10.60	22.00	0.00	0.65	0.12	62.9%	1	63
67	12	56.0%	10.60	7.70	9.70	23.00	0.05	0.40	0.14	51.5%	10	23
455	120	52.1%	9.75	7.00	8.50	24.00	0.05	0.45	0.26	55.9%	6	952
30	3	53.4%	7.15	6.10	7.80	25.00	0.20	0.45	0.29	49.6%	5	151
378	3	67.4%	6.30	5.20	6.70	26.00	0.15	0.50	0.50	45.1%	50	88
64	3	59.7%	5.55	4.50	5.70	27.00	0.30	0.80	0.60	47.1%	9	143
209	6	52.0%	4.40	4.00	4.70	28.00	0.70	1.00	0.85	45.0%	10	183
60	1	52.5%	3.70	3.30	4.10	29.00	0.95	1.55	1.05	49.2%	8	169
884	10	49.8%	2.61	2.35	3.40	30.00	1.30	1.95	1.40	48.7%	2	1,170
180	42	41.6%	2.38	2.35	2.45	31.00	1.75	1.95	1.80	39.6%	73	105
CVE $31.39
319	11	49.1%	1.97	1.80	2.40	32.00	2.25	2.50	2.35	39.8%	1	272
231	1	49.9%	1.27	1.40	2.05	33.00	2.80	3.20	3.30	41.4%	1	82
339	5	48.8%	1.25	0.90	1.65	34.00	3.10	3.90	3.60	41.9%	2	35
1,262	3	47.6%	1.00	0.50	1.30	35.00	0.00	0.00	4.10	—	1	0
299	14	41.9%	0.60	0.65	0.80	36.00	—	—	—	—	—	—
166	4	46.3%	0.60	0.30	0.80	37.00	4.90	7.00	6.45	59.4%	4	4
441	2	42.6%	0.44	0.15	0.50	38.00	—	—	—	—	—	—
262	3	44.7%	0.55	0.25	0.45	39.00	—	—	—	—	—	—
487	7	42.9%	0.27	0.20	0.30	40.00	—	—	—	—	—	—
38	1	60.1%	0.10	0.00	0.75	45.00	—	—	—	—	—	—

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 December 18, 2026 expiration, the CVE put/call ratio based on open interest is 0.57 (3,582 puts vs 6,279 calls), and 0.67 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 December 18, 2026 is about 40.6%, 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.