Canadian Natural Resources Limited (CNQ) Gamma Exposure by Expiry | GEX Expiration Analysis - Stocknear

Canadian Natural Resource...

NYSE: CNQ · Real-Time Price · USD
30.66
-0.70 (-2.23%)
At close: Sep 05, 2025, 10:44 AM

CNQ Gamma Exposure By Expiry

The total Gamma Exposure (GEX) for CNQ across all expirations is 166,244.75 shares per 1% move, with 267,746.06 from calls and 101,501.31 from puts. The put-call GEX ratio of 0.38 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness.

CNQ GEX Table

Expiry Date Call GEX Put GEX Net GEX P/C GEX
Sep 12, 25 2,192.04 -3,538.01 -1,345.97 1.61
Sep 19, 25 75,899.86 -10,430.6 65,469.26 0.14
Sep 26, 25 1,077.72 -577.06 500.66 0.54
Oct 3, 25 1,226.61 -417.74 808.87 0.34
Oct 10, 25 698.75 -12.66 686.09 0.02
Oct 17, 25 8,737.07 -1,636.25 7,100.82 0.19
Oct 24, 25 0 0 0 n/a
Nov 21, 25 23,608.3 -6,657.74 16,950.56 0.28
Dec 19, 25 3,948.53 -2,194.63 1,753.9 0.56
Jan 16, 26 108,209.8 -59,987.95 48,221.85 0.55
Mar 20, 26 20,901.41 -311.16 20,590.25 0.01
Jun 18, 26 5,265.68 -3,316.55 1,949.13 0.63
Jan 15, 27 15,980.29 -12,420.96 3,559.33 0.78