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Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy with 13,220 calls trading, 5x expected, and implied vol increasing over 3 points to 38.53%. Feb-24 17 calls and Jan-24 17 calls are the most active options, with total volume in those strikes near 11,700 contracts. The Put/Call Ratio is 0.04. Earnings are expected on February 15th.

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