Bullish option flow detected in Cenovus Energy with 11,373 calls trading, 4x expected, and implied vol increasing over 1 point to 33.34%. Jan-24 16 calls and Jan-24 15 calls are the most active options, with total volume in those strikes near 10,900 contracts. The Put/Call Ratio is 0.05. Earnings are expected on February 15th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CVE:
- Cenovus Energy call volume above normal and directionally bullish
- Cenovus Energy makes strategic investment to Green Star Royalties
- Cenovus Energy put volume heavy and directionally bearish
- Suncor announces restart of production at Terra Nova
- 5 Top Oil Stocks to Buy Now, According to Analysts – November 2023