Bearish flow noted in Canadian Natural with 4,717 puts trading, or 7x expected. Most active are Mar-24 62.5 puts and Dec-23 70 calls, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 3.40, while ATM IV is up over 2 points on the day.
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Read More on CNQ:
- Canadian Natural price target raised to C$90 from C$82 at RBC Capital
- Canadian Natural price target raised to C$93 from C$90 at CIBC
- Canadian Natural price target raised to C$94 from C$84 at Jefferies
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