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Canadian Natural call volume above normal and directionally bullish

Bullish option flow detected in Canadian Natural (CNQ) with 413,405 calls trading, 98x expected, and implied vol increasing over 2 points to 36.31%. Mar-26 35 calls and Mar-26 30 calls are the most active options, with total volume in those strikes near 129,600 contracts. The Put/Call Ratio is 0.39.

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