3.04K calls and 1.56K puts traded on Nov 4, 2026, 4.59K contracts in total. Open interest was 134.77K contracts. Over the past 30 days, volume averaged 2.8K contracts per day. The CVE option volume chart shows volume by strike and expiration date.

Cenovus Energy IV rank is 15, so its 30-day implied volatility of 41.0% is near the bottom of its one-year range. Over the past year it ranged from 25.8% on Dec 30, 2025 to 130.3% on Jul 17, 2026. See the CVE implied volatility history for a longer view.

The Cenovus Energy put/call volume ratio was 0.51 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.47. The CVE open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Cenovus Energy options about one week from expiration was $32.98, 16.1% above the $28.40 close. The CVE max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 41.4%, options price a move of about ±$1.63 (±5.7%) over the next week, a range of roughly $26.77 to $30.03 from the Nov 4, 2026 close. The CVE expected move chart shows it for every expiration date.