Bearish flow noted in Canadian Natural (CNQ) with 1,022 puts trading, or 1.6x expected. Most active are May-25 28 puts and May-25 29 puts, with total volume in those strikes near 770 contracts. The Put/Call Ratio is 6.55, while ATM IV is up nearly 4 points on the day.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNQ:
- Buy Rating for Canadian Natural: Strong Financial Performance and Attractive Valuation Amidst Macroeconomic Challenges
- Canadian Natural Reports Strong Shareholder Support at Annual Meeting
- Canadian Natural price target raised to C$52 from C$49 at Raymond James
- Canadian Natural price target raised to C$64 from C$63 at RBC Capital
- Canadian Natural Resources Reports Record Q1 2025 Results