Cenovus Energy call volume above normal and directionally bullish

Bullish option flow detected in Cenovus Energy with 9,168 calls trading, 2x expected, and implied vol increasing almost 2 points to 39.76%. Feb-24 17 calls and Mar-24 17 calls are the most active options, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 0.03. Earnings are expected on February 15th.

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