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Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy with 16,314 calls trading, 8x expected, and implied vol increasing almost 2 points to 39.79%. Feb-24 17 calls and Feb-24 16 puts are the most active options, with total volume in those strikes near 18,600 contracts. The Put/Call Ratio is 0.26. Earnings are expected on February 15th.

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