Canadian Natural Resource... (CNQ)
Canadian Natural Resources Max Pain By Strike
CNQ trades at $29.78, pinned near the near-term max pain of $30 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($15-$32.5), reflecting growing call interest at higher strikes. Key magnetic zone at 30 where 7 expirations converge.
Canadian Natural Resources Max Pain By Expiry
Max pain for CNQ shows an upward trend from 15 to 32.5, suggesting bullish positioning in longer-dated options. The 60% spread signals divergent expectations across timeframes. Most levels above 29.78 could support dips. Strong magnetic level at 30 (7 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 15, 2025 | 30 | 0.22 (0.74%) |
| Aug 22, 2025 | 31 | 1.22 (4.10%) |
| Aug 29, 2025 | 31 | 1.22 (4.10%) |
| Sep 5, 2025 | 30 | 0.22 (0.74%) |
| Sep 12, 2025 | 29 | -0.78 (-2.62%) |
| Sep 19, 2025 | 27.5 | -2.28 (-7.66%) |
| Sep 26, 2025 | 29 | -0.78 (-2.62%) |
| Oct 17, 2025 | 15 | -14.78 (-49.63%) |
| Nov 21, 2025 | 30 | 0.22 (0.74%) |
| Dec 19, 2025 | 30 | 0.22 (0.74%) |
| Jan 16, 2026 | 32.5 | 2.72 (9.13%) |
| Mar 20, 2026 | 30 | 0.22 (0.74%) |
| Jun 18, 2026 | 30 | 0.22 (0.74%) |
| Jan 15, 2027 | 30 | 0.22 (0.74%) |