Canadian Natural Resource... (CNQ)
Canadian Natural Resources Max Pain By Strike
CNQ trades at $31.82, pinned near the near-term max pain of $31.5 expiring Oct 10, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($25-$32.5), indicating stable market expectations. Key magnetic zone at 31 where 3 expirations converge.
Canadian Natural Resources Max Pain By Expiry
Max pain for CNQ shows stable levels around 30.46, reflecting balanced market expectations. The 25% spread signals divergent expectations across timeframes. Levels distributed around 31.82. Strong magnetic level at 31 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Oct 10, 2025 | 31.5 | n/a (n/a) |
| Oct 17, 2025 | 32 | n/a (n/a) |
| Oct 24, 2025 | 31 | n/a (n/a) |
| Oct 31, 2025 | 31 | n/a (n/a) |
| Nov 7, 2025 | 32 | n/a (n/a) |
| Nov 14, 2025 | 31 | n/a (n/a) |
| Nov 21, 2025 | 30 | n/a (n/a) |
| Dec 19, 2025 | 32.5 | n/a (n/a) |
| Jan 16, 2026 | 32.5 | n/a (n/a) |
| Mar 20, 2026 | 25 | n/a (n/a) |
| Jun 18, 2026 | 32.5 | n/a (n/a) |
| Jan 15, 2027 | 30 | n/a (n/a) |
| Jan 21, 2028 | 25 | n/a (n/a) |