Canadian Natural Resources CNQ
$48.55 −$0.37 (-0.76%)
Market closed · Nov 7, 9:10 am ET · Last extended-hours $48.67 +0.26%
Open$48.88
Prev close$48.92
Day range$48.42 – $49.34
Volume6.92M
Market cap$98.81B
P/E (TTM)10.1
Dividend yield3.56%
Average implied volatility across the listed chain right now: 48%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.
Open interest by strike
Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.
Implied volatility by strike
The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.
Calls
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 13 Nov 2026 | $48.50 | $1.51 | $0.45/$1.15 | 0 | 0 | 30% |
| 13 Nov 2026 | $49.00 | $1.27 | $0.25/$0.90 | 0 | 0 | 30% |
| 13 Nov 2026 | $48.00 | $1.42 | $0.95/$1.45 | 2 | 6 | 34% |
| 13 Nov 2026 | $49.50 | $0.66 | $0.35/$1.10 | 5 | 1 | 44% |
| 13 Nov 2026 | $47.50 | $2.20 | $1.30/$1.80 | 0 | 0 | 36% |
| 13 Nov 2026 | $50.00 | $0.56 | $0.25/$0.70 | 9 | 39 | 40% |
| 13 Nov 2026 | $47.00 | $2.62 | $1.80/$2.60 | 0 | 0 | 50% |
| 13 Nov 2026 | $46.50 | $3.03 | $1.10/$3.70 | 0 | 0 | 42% |
| 13 Nov 2026 | $51.00 | $0.23 | $0.10/$0.40 | 15 | 15 | 40% |
| 13 Nov 2026 | $46.00 | $3.45 | $1.55/$4.00 | 0 | 0 | 40% |
| 13 Nov 2026 | $52.00 | $0.20 | $0.05/$0.30 | 1 | 47 | 44% |
| 13 Nov 2026 | $45.00 | $4.32 | $2.75/$4.90 | 0 | 0 | 54% |
| 13 Nov 2026 | $53.00 | $0.07 | $0.00/$0.55 | 1 | 19 | 42% |
| 13 Nov 2026 | $44.00 | $5.25 | $4.00/$5.90 | 0 | 0 | 74% |
| 13 Nov 2026 | $54.00 | $0.35 | $0.00/$0.35 | 1 | 11 | 74% |
Puts
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 13 Nov 2026 | $48.50 | $0.83 | $0.80/$1.15 | 0 | 0 | 40% |
| 13 Nov 2026 | $49.00 | $1.10 | $1.00/$1.35 | 0 | 0 | 37% |
| 13 Nov 2026 | $48.00 | $0.67 | $0.50/$0.95 | 0 | 2 | 39% |
| 13 Nov 2026 | $49.50 | $1.38 | $1.10/$1.70 | 0 | 0 | 34% |
| 13 Nov 2026 | $47.50 | $0.52 | $0.40/$0.70 | 0 | 2,006 | 40% |
| 13 Nov 2026 | $50.00 | $1.65 | $1.35/$2.20 | 0 | 10 | 34% |
| 13 Nov 2026 | $47.00 | $0.43 | $0.10/$0.75 | 0 | 0 | 41% |
| 13 Nov 2026 | $46.50 | $0.35 | $0.05/$0.75 | 0 | 0 | 46% |
| 13 Nov 2026 | $51.00 | $2.35 | $2.45/$3.10 | 2 | 5 | 46% |
| 13 Nov 2026 | $46.00 | $0.26 | $0.15/$0.35 | 0 | 1 | 44% |
| 13 Nov 2026 | $52.00 | $3.19 | $2.50/$4.30 | 0 | 10 | 0% |
| 13 Nov 2026 | $45.00 | $0.13 | $0.05/$1.25 | 0 | 0 | 79% |
| 13 Nov 2026 | $53.00 | $4.12 | $3.70/$5.10 | 0 | 17 | 0% |
| 13 Nov 2026 | $44.00 | $0.05 | $0.05/$0.20 | 30 | 25 | 54% |
| 13 Nov 2026 | $54.00 | $5.08 | $4.30/$6.10 | 0 | 2 | 0% |
Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.
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