CVE / Cenovus Energy Inc. - Put/Call Ratio, Options Sentiment, Unusual Options Activity

Put/Call Ratios - Forward Looking and Historical

By looking at the put/call ratios of specific expirations, we can deduce what the options markets think of the short, medium, and long-term outlook of the company.

Expiry	DTX	Open Put Interest	Open Call Interest	Put/Call Ratio
2025-09-19	9	24,784
2025-10-17	37	9,389
2025-12-19	100	39,437
2026-01-16	128	47,235
2026-03-20	191	947
2027-01-15	492	14,769

Date	Put OI	Put OI (OTM)	Call OI	Call OI (OTM)	Put/Call Ratio	Put/Call Ratio (OTM)
2025-09-09	136,561	96,513
2025-09-08	136,476	96,438
2025-09-05	129,251	88,889
2025-09-04	129,371	88,876
2025-09-03	102,442	77,482
2025-09-02	96,827	74,946
2025-08-29	89,112	65,102
2025-08-28	83,148	61,122
2025-08-27	82,508	60,921
2025-08-26	81,451	59,254
2025-08-25	81,140	59,583
2025-08-22	80,563	59,654
2025-08-21	80,926	35,954
2025-08-20	75,891	35,925
2025-08-19	70,733	35,904
2025-08-18	70,329	35,860
2025-08-15	72,252	37,505
2025-08-14	72,234	37,494
2025-08-13	71,754	37,357
2025-08-12	71,364	37,202

Unusual Options Activity - Trade Volume

The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call option options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment.

Unusual options activity (UOA) is generally considered a strong signal for a directional price movement. One metric of unusual options activity is the total volume of put or call options divided by the open interest in the same option type. If the total volume of call or put options exceeds the current open interest, then that is considered unusual and indicates a strong directional signal. In the table below, any date on which the volume of an option exceeds the current open interest is highlighted in green (for call options) or red (for put options).

For example, if, on any trading day, the call volume exceeds the current call open interest, then the Call Volume/Call OI ratio will be greater than one and that cell in the able will be highlighted in green. This would indicate a significant purchase of call options, which is a bullish signal. Likewise, if the opposite is true - the put volume exceeds the put open interest, then the table cell would be highlighted in red and represent a strong bearish signal.

Update Frequency: Daily

Date	Put Volume	Put OI	Put Volume /Put OI	Call Volume	Call OI	Call Volume /Call OI
2025-09-09	3,781	136,561		1,990	200,965
2025-09-08	395	136,476		2,153	201,464
2025-09-05	8,641	129,251		1,063	201,451
2025-09-04	941	129,371		247	201,464
2025-09-03	30,032	102,442		384	201,460
2025-09-02	6,298	96,827		1,104	201,272
2025-08-29	8,966	89,112		3,149	200,841
2025-08-28	6,224	83,148		1,047	201,591
2025-08-27	879	82,508		1,593	201,080
2025-08-26	1,790	81,451		4,201	200,921
2025-08-25	1,689	81,140		17,657	186,665
2025-08-22	2,474	80,563		13,283	183,627
2025-08-21	789	80,926		1,065	183,373
2025-08-20	5,064	75,891		8,105	180,114
2025-08-19	5,514	70,733		5,422	174,999
2025-08-18	665	70,329		18,947	156,599
2025-08-15	530	72,252		4,392	158,646
2025-08-14	227	72,234		773	158,513
2025-08-13	1,278	71,754		1,572	158,002
2025-08-12	1,277	71,364		4,796	154,926
2025-08-11	161	71,258		560	155,014
2025-08-08	158	71,247		898	154,874
2025-08-07	193	71,192		334	154,722
2025-08-06	756	71,358		881	154,721
2025-08-05	91	71,371		500	154,720

Option Premium Bought/Sold - Total Market

Update Frequency: Daily

Option Greeks - Delta, Gamma, Theta

Update Frequency: Daily

Option Trading Volume - Total Market

Update Frequency: Daily

Option Trading Volume - Exchange

Update Frequency: Daily