CVE Options Chain, Open Interest, and Volatility Data

CVE Options Open Interest & Strategy Insights

CVE – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
15	22456	35502	57958
17	35323	5286	40609
18	25052	14332	39384
20	21308	4084	25392
10	1206	15809	17015
22	14524	1520	16044
16	1698	12801	14499
13	7871	5396	13267
14	7229	2795	10024
25	6855	8	6863

CVE – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.64	2.09	49.13%	48.65%	-0.48%

Data Analysis

Symbol: CVE Current Price: 16.57
Max Pain: 18.00 (below)

📌 Absolute OI Peak: 15.00 (57958 contracts)
🛡️ Short-term Key Levels: 16.00（14499 contracts，minor support） , 14.00（10024 contracts，major support） , 13.00（13267 contracts，major support）

📈 Put/Call OI Ratio: 0.64 (bullish, Call OI dominant)
Put/Call Volume Ratio: 2.09 (bearish, Put volume dominant)

📊 Avg Call IV: 49.13%
Avg Put IV: 48.65%
IV Skew: -0.48% (Call and Put IV are close, neutral expectation)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-21	466	79	25588	0.170	Moderate Bullish 📈 (70) ⚠️
2025-12-19	421	366	22314	0.869	Slight Bullish 📈 (60)
2026-01-16	297	346	85665	1.165	Moderate Bearish 📉 (35)
2026-03-20	52	112	7082	2.154	Moderate Bearish 📉 (30)
2026-06-18	35	63	199	1.800	Moderate Bearish 📉 (30)
2027-01-15	18	84	55392	4.667	Strong Bearish 📉💥 (15) ⚠️
2028-01-21	282	0	645	0.000	Moderate Bullish 📈 (70) ⚠️
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.