Canadian Natural Resource... (CNQ)
Canadian Natural Resources Max Pain By Strike
CNQ trades at $29.63, pinned near the near-term max pain of $30 expiring Aug 22, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($27.5-$32.5), reflecting growing call interest at higher strikes. Key magnetic zone at 30 where 9 expirations converge.
Canadian Natural Resources Max Pain By Expiry
Max pain for CNQ shows an upward trend from 27.5 to 32.5, suggesting bullish positioning in longer-dated options. The 17% spread signals divergent expectations across timeframes. Most levels above 29.63 could support dips. Strong magnetic level at 30 (9 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 |
|---|---|---|
| Aug 22, 2025 | 30 | 0.38 (1.27%) |
| Aug 29, 2025 | 30 | 0.38 (1.27%) |
| Sep 5, 2025 | 31 | 1.38 (4.64%) |
| Sep 12, 2025 | 30 | 0.38 (1.27%) |
| Sep 19, 2025 | 27.5 | -2.13 (-7.17%) |
| Sep 26, 2025 | 29 | -0.63 (-2.11%) |
| Oct 17, 2025 | 30 | 0.38 (1.27%) |
| Nov 21, 2025 | 30 | 0.38 (1.27%) |
| Dec 19, 2025 | 30 | 0.38 (1.27%) |
| Jan 16, 2026 | 32.5 | 2.88 (9.70%) |
| Mar 20, 2026 | 30 | 0.38 (1.27%) |
| Jun 18, 2026 | 30 | 0.38 (1.27%) |
| Jan 15, 2027 | 30 | 0.38 (1.27%) |