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: Jan 21, 2028
Days to expiration: 468
Share price: $31.39
Put/call ratio (OI): 0.31
Put/call ratio (volume): 0.74
ATM implied volatility: 44.3%
Expected move: ±$15.73
Open interest (C / P): 7.78K / 2.42K

CVE options summary

The CVE options chain for the January 21, 2028 expiration lists 16 call and 11 put contracts, with 468 days until expiration. Open interest stands at 7,781 calls and 2,415 puts, a put/call ratio of 0.31, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $30.00 strike is 44.3%, which implies the market expects a move of about ±$15.73 (50.1%) in Cenovus Energy stock by expiration.

The most open interest sits at the $35.00 call (1.73K contracts) and the $35.00 put (662 contracts).

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

CVE options chain · January 21, 2028

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
0	2	122.5%	30.58	26.20	31.00	3.00	—	—	—	—	—	—
1	1	190.4%	20.80	23.50	28.50	5.00	—	—	—	—	—	—
3	2	—	21.75	16.80	20.00	8.00	—	—	—	—	—	—
48	1	62.0%	24.00	19.30	24.00	10.00	0.00	2.85	0.50	98.5%	—	10
126	1	52.6%	17.90	16.50	21.00	13.00	0.00	2.90	0.78	78.9%	3	16
164	2	80.6%	16.40	15.00	18.60	15.00	0.15	0.40	0.35	46.3%	10	616
383	1	55.9%	15.40	14.80	16.50	17.00	0.40	2.60	0.64	59.7%	1	141
413	4	55.3%	14.95	12.10	13.50	20.00	0.65	1.60	1.15	49.0%	5	108
333	1	58.9%	12.60	10.00	12.60	22.00	0.85	1.80	1.40	44.0%	10	112
1,023	12	54.7%	8.90	9.20	10.50	25.00	0.95	2.70	2.40	42.1%	2	582
574	1	52.2%	8.50	6.60	9.20	27.00	2.55	3.20	3.50	39.0%	1	39
711	4	50.2%	6.00	5.00	7.60	30.00	3.70	4.60	4.02	38.3%	10	101
CVE $31.39
1,725	3	44.8%	4.50	2.60	5.00	35.00	6.20	7.60	7.38	37.7%	28	662
708	2	43.1%	3.05	2.70	3.40	40.00	9.30	11.90	10.30	42.4%	3	28
1,386	52	41.7%	2.15	1.85	2.25	45.00	—	—	—	—	—	—
183	10	43.3%	1.50	1.25	1.75	50.00	—	—	—	—	—	—

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 January 21, 2028 expiration, the CVE put/call ratio based on open interest is 0.31 (2,415 puts vs 7,781 calls), and 0.74 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 January 21, 2028 is about 44.3%, 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.