AInvestOption Pilot Program
Options/CNI
CNI logo

CNICanadian National Railway

Options Analysis Report
Market Cap $76.2B|NYSE
● 2026-08-31$126.01
BULLISH
Analysis: 2026-08-28 EOD data
1Y +30.4%YTD +25.6%7D -1.1%
213
30D
±5.0%
7%

CNI Options Overview

IV is low with bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

5.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
Loading score history...

CNI Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

7.9
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 23.0% — cheap vs history

<1.05x

IV/HV 1.48x — IV premium over HV

Sector Relative≤50%

Sector percentile 2% — below sector median

<1.1x

Front/Back 0.79x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 20.5% — normal range

<80%

Effective IV 43.5% (ATM 20.5% + spread 11.5% + bias) — excellent value

<3.0%

Total drag 18.82% (spread 11.48% + slippage 7.34%) — high friction

≥5.0

Vega efficiency 10.34 (vega 11.866 / spread 11.48%) — efficient

Sentiment

Bullish or bearish?

6.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +16%, Raw: +25%)
|net sentiment| ≥25%

Conviction-weighted: +16% (bullish) — Raw: +25%

≥15%

|OI skew| 50.3% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +21.1%, OI skew +50.3% — aligned

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +100%, ATM: -17%, OTM: +64% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 46% — neutral vs sector

Activity

Unusual activity?

3.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.8x avg — normal

≥15%

Vol/OI 1.4% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +4.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 47% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 47% — patient

≥30

Conviction +16 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.7
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed
≤5.0%

Spread 11.5% — wide

≥10,000

OI 15,252 — adequate

≥500

Volume 213/day — thin

≤$0.50

$0.57 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 39% — tighter than sector

≥100 contracts

Depth 48.6 contracts (bid:19.6 ask:29.0) — thin

<1.0%

Avg slippage 7.34% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -20.6% — contango

<30 or >70

IV percentile 23% — buyer opportunity

≥10pts kink

IV kink -2.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 320.70 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +16% @ 58% consistency — unclear

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls7.6
bullishIV cheap, bullish flow
Long Puts5.6
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, bullish flow
Covered Call3.6
bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on CNI

CNI gamma wallsCNI max painCNI IV rankCNI options flow