3.59K calls and 2.66K puts traded on Nov 4, 2026, 6.25K contracts in total. Open interest was 133.09K contracts. Over the past 30 days, volume averaged 2.76K contracts per day. The CNQ option volume chart shows volume by strike and expiration date.

Canadian Natural Resources IV rank is 81, so its 30-day implied volatility of 37.8% is near the top of its one-year range. Over the past year it ranged from 20.4% on Dec 12, 2025 to 41.9% on Mar 6, 2026. See the CNQ implied volatility history for a longer view.

The Canadian Natural Resources put/call volume ratio was 0.74 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.34. The CNQ open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Canadian Natural Resources options about one week from expiration was $53.29, 7.4% above the $49.62 close. The CNQ max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 46.3%, options price a move of about ±$3.18 (±6.4%) over the next week, a range of roughly $46.44 to $52.80 from the Nov 4, 2026 close. The CNQ expected move chart shows it for every expiration date.