Canadian Natural Resources (CNQ) Stock: High Implied Volatility Raises Eyebrows

The options market is signaling a potential big move for Canadian Natural Resources Limited (CNQ) stock. High implied volatility in the Nov. 15, 2024 $60.00 Call option suggests investors anticipate a significant price swing. However, analyst sentiment remains cautious, with earnings estimates trending downward. This dynamic could create opportunities for seasoned options traders seeking to capitalize on premium decay.

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