Bullish option flow detected in Canadian Natural (CNQ) with 1,337 calls trading, 1.0x expected, and implied vol increasing almost 2 points to 39.62%. 5/2 weekly 30.5 calls and May-25 30 calls are the most active options, with total volume in those strikes near 890 contracts. The Put/Call Ratio is 0.27.
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Read More on CNQ:
- Canadian Natural price target lowered to C$42 from C$49 at National Bank
- Canadian Natural Updates Stock Option Plan to Boost Stakeholder Engagement
- Canadian Natural Resources Amends Stock Option Plan
- Canadian Natural price target lowered to C$51 from C$56 at Morgan Stanley
- Canadian Natural price target lowered to C$50 from C$56 at Scotiabank
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